MSNBC and NBC News Staffers Are ‘In the Dark' on What Comcast Spinoff Means for Them [Yahoo! Finance]
Comcast Corporation - Class A (CMCSA)
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Source: Yahoo! Finance
The future of the relationship between NBC News and MSNBC, following Comcast's decision to spinoff its cable networks on Wednesday, is now a mystery — even to those working at 30 Rock. Editorial staffers are “in the dark” on what the spinoff means for the NBC News-MSNBC connection moving forward, one NBC News producer told TheWrap. The expectation, though, is that the two news teams will no longer work together, once the spinoff takes place in 2025. “We're waiting to hear the plan,” the producer said, “but I think we'll be cut off from [MSNBC].” Comcast's spinoff plan will create a separate company, aptly dubbed SpinCo, that houses CNBC, MSNBC, E!, Golf Channel, Oxygen, and Syfy. Combined, those channels generated $7 billion in sales between September 2023 and September 2024. Comcast will retain its Peacock streaming service, Bravo and NBC — which includes its news division. The deal, which is expected to take about a year to complete, will likely sever ties between MSNBC a
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CMCSA
Earnings
- 10/31/24 - Beat
CMCSA
Sec Filings
- 11/7/24 - Form 4
- 11/6/24 - Form 144
- 11/5/24 - Form 4
- CMCSA's page on the SEC website