Comcast-NBCUniversal Cable Split Draws Mixed Reaction From Wall Street; Stock Flat In Early Trading [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
Shares in Comcast, which are slightly in the red for the year to date, are essentially flat in early trading Wednesday after starting off at $42.53. Details of the planned spin first emerged Tuesday night, and the company made it official early today. More from Deadline It's Official! Comcast To Spin Off Cable Networks, Sees New Standalone Company A "Partner And Acquirer" Of Media Assets NBCUniversal Split: Comcast To Spin Off Cable Channels Under Mark Lazarus; Donna Langley Consolidates Power, NBC, Peacock & Bravo Stay Put It's Official: Warner Bros. Discovery & NBA Unveil Multi-Platform, Multi-Territory Pact, Ending Legal Battle - Update When the company said it was exploring the scenario three weeks ago, on the day it also released third-quarter earnings, the reaction was generally positive. MoffettNathanson analyst Craig Moffett at the time wrote in a note to clients that the spin was “a very welcome development. Investors have yearned for exactly this, or at least some
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