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Stock impact report

Comcast to Spin Off Cable Channels MSNBC, USA [Yahoo! Finance Canada]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Most Read from Bloomberg The NBC broadcast network and Peacock streaming TV business will remain with the parent company, the Philadelphia-based cable provider said in a statement Wednesday. So will Bravo, a cable channel with reality TV shows that are popular on streaming. The new publicly traded company will include digital assets such as Fandango and Rotten Tomatoes through a tax-free spin-off, Comcast said. The assets in the newly separated entity, including Oxygen, E! and Syfy, have collectively generated about $7 billion in revenue over the past 12 months, according to the company. The transaction positions the new entity and NBCUniversal “to play offense in a changing media landscape,” Comcast President Mike Cavanagh said. “Taken together, the entirety of NBCUniversal will be on a new growth trajectory, fueled by our world-class content, technology, IP, properties and talent.” The remaining NBCUniversal businesses will have almost $40 billion in annual revenue, still one Show less Read more
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