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Comcast's potential cable networks separation will test the appetite for media reconfiguration [CNBC]
Last comcast corporation - class a earnings: 4/30 07:00 am
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If Comcast moves forward with the idea, it could kick off a broader media reconfiguration of cable assets. Cable networks still account for billions in revenue and profit, but both metrics are declining as millions of Americans have cut the cord in recent years. Comcast is thinking about separating or spinning off NBCUniversal's cable networks. If it moves forward with the idea, it could lay the groundwork for a reconfiguration of the entire American media landscape. The logic for Comcast is fairly straightforward. NBCUniversal's cable networks aren't growing anymore. The company's energy and focus is on promoting Peacock, NBCUniversal's growing (but still money-losing) streaming service. Carving out the cable portfolio could placate Comcast investors by removing declining assets from the balance sheet. Comcast shares gained more than 3% Thursday after the company's third-quarter earnings release and conference call. “We are now exploring whether creating a new well-capital
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- Comcast considers spinning off cable channels like MSNBC. But analysts have doubts [Yahoo! Finance][Yahoo! Finance]
- Comcast's potential cable networks separation will test the appetite for media reconfiguration [MSNBC.com][MSNBC.com]
- Comcast considers spinning off cable channels like MSNBC. But analysts have doubts [Los Angeles Times (CA)][Los Angeles Times]
- Comcast considering cable network spin-off, includes CNBC, MSNBC [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Comcast considers spinning off cable networks 'to play some offense' amid industry turmoil [Yahoo! Finance Canada][Yahoo! Finance Canada]
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