{"id":128016,"date":"2024-11-20T11:59:49","date_gmt":"2024-11-20T04:59:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=128016"},"modified":"2024-11-20T11:59:49","modified_gmt":"2024-11-20T04:59:49","slug":"comcast-to-announce-spinoff-of-cable-networks-including-msnbc-and-usa-sources-say","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=128016","title":{"rendered":"Comcast to announce spinoff of cable networks including MSNBC and USA, sources say"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"\">Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News.<\/p>\n<p class=\"\">The split would cleave off some of NBCUniversal&#8217;s best-known brands, including MSNBC, E!, Syfy, Golf Channel, USA, CNBC and Oxygen, which now face the same cord-cutting challenges as many other major cable channels.<\/p>\n<p class=\"\">The spinoff plan was <a href=\"https:\/\/www.wsj.com\/business\/media\/comcast-greenlights-7-billion-spinoff-of-nbcuniversal-cable-channels-cc5c6dc5\" target=\"_blank\" rel=\"noopener\">first reported<\/a>\u00a0by The Wall Street Journal.<\/p>\n<p class=\"\"><a href=\"https:\/\/www.cnbc.com\/2024\/10\/31\/comcast-is-exploring-separation-of-cable-business.html\" target=\"_blank\" rel=\"noopener\">Comcast had announced<\/a>\u00a0during its quarterly earnings call in October that it was considering spinning off its cable networks.  <\/p>\n<p class=\"\">President Mike Cavanagh said at the time that the company was exploring creating \u201ca new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks.\u201d He added that NBCUniversal\u2019s broadcast network NBC and the streaming service Peacock would remain with Comcast.<\/p>\n<p class=\"\">Comcast owns NBCUniversal, which is the parent company of NBC News. A spokesperson for Comcast declined to comment.<\/p>\n<p class=\"\">Comcast is moving forward with the decision as millions of customers exit the traditional pay TV bundle in favor of streaming. The company has been beefing up Peacock in recent years. <a href=\"https:\/\/www.cnbc.com\/2024\/10\/31\/comcast-cmcsa-earnings-q3-2024.html\" target=\"_blank\" rel=\"noopener\">Comcast said last month<\/a> that Peacock&#8217;s paid-subscriber count jumped nearly 30% to 36 million year over year. <\/p>\n<p class=\"\">Bravo will remain part of Comcast\u2019s NBCUniversal because its content is heavily featured on Peacock, <a href=\"https:\/\/www.cnbc.com\/2024\/11\/19\/comcast-will-announce-the-spinoff-of-cable-networks-wednesday-cnbc-source-says.html\" target=\"_blank\" rel=\"noopener\">CNBC reported<\/a>.<\/p>\n<p class=\"\">Traditional broadcast networks remain cash cows. <a href=\"https:\/\/www.cnbc.com\/2024\/10\/31\/comcast-cmcsa-earnings-q3-2024.html\" target=\"_blank\" rel=\"noopener\">Comcast reported<\/a>\u00a0in October that third-quarter revenue for its media segment, which mainly comprises TV networks, was up nearly 37% to $8.23 billion, largely because of the Paris Olympics. Without the Summer Games, revenue was up almost 5%.<\/p>\n<p class=\"\">Comcast shares were up more than 2% in after-hours trading.<\/p>\n<p class=\"\">The spinoff will take roughly a year as the company figures out whether licensing agreements need to be put in place and whether MSNBC and CNBC will continue to work with NBC News,<a href=\"https:\/\/www.cnbc.com\/2024\/11\/19\/comcast-will-announce-the-spinoff-of-cable-networks-wednesday-cnbc-source-says.html\" target=\"_blank\" rel=\"noopener\"> CNBC reported<\/a>.<\/p>\n<p class=\"\">Mark Lazarus, the current chairman of NBCUniversal\u2019s media group, will lead the new company, CNBC reported, while NBCUniversal\u2019s chief financial officer, Anand Kini, will be the CFO and operating chief.<\/p>\n<p class=\"\">Comcast Chairman and CEO Brian Roberts will have a voting position in the new entity, but he won&#8217;t be on the board of directors, CNBC reported.<\/p>\n<p class=\"\">At NBCUniversal, Donna Langley, the current chief content officer, will become chairman of NBCUniversal Entertainment and Studios. Matt Strauss, the current head of the direct-to-consumer unit, which includes Peacock, will be chairman of NBCUniversal Media Group, overseeing sports, ad sales and distribution, CNBC reported. <\/p>\n<p class=\"endmark\">Cesar Conde will continue to lead the NBCUniversal News Group as chairman \u2014 which includes oversight of NBC News, Telemundo and local TV stations \u2014 and will advise the company on areas of business growth. Executive Vice President Adam Miller will become NBCUniversal\u2019s chief operating officer, CNBC reported.<\/p>\n<\/div>\n<div>\n<div class=\"expanded-byline-contributors articleBylineContainer\">\n<div class=\"expanded-byline article-expanded-byline\" data-activity-map=\"expanded-byline-article-bottom\">\n<div class=\"byline-thumbnail byline-thumbnail--has-image expanded-byline__thumbnail\" data-testid=\"byline-thumbnail\"><a href=\"https:\/\/www.nbcnews.com\/author\/chloe-melas-ncpn1307052\"><picture data-testid=\"picture\"><source media=\"(min-width: 320px)\" srcset=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_focal-60x60,f_avif,q_auto:eco,dpr_2\/newscms\/2024_10\/3641535\/chloe_melas.jpg 2x, https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_focal-60x60,f_auto,q_auto:best\/newscms\/2024_10\/3641535\/chloe_melas.jpg 1x\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_focal-60x60,f_auto,q_auto:best\/newscms\/2024_10\/3641535\/chloe_melas.jpg\" alt=\"\" height=\"48\" width=\"48\"\/><\/picture><\/a><\/div>\n<p><span class=\"byline-name expanded-byline__name\" data-testid=\"byline-name\"><a href=\"https:\/\/www.nbcnews.com\/author\/chloe-melas-ncpn1307052\">Chloe Melas<\/a><\/span><span class=\"byline-social expanded-byline__social\"><a href=\"https:\/\/twitter.com\/ChloeMelas\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"byline-social--link\"><span class=\"icon icon-twitter\"\/><\/a><a href=\"https:\/\/www.nbcnews.com\/business\/business-news\/mailto:chloe.melas@nbcuni.com\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"byline-social--link\"><span class=\"icon icon-email\"\/><\/a><\/span><\/p>\n<div class=\"expanded-byline__bio-wrapper\">\n<p class=\"byline-bio expanded-byline__bio\">Chloe Melas is an entertainment correspondent for NBC News.\u00a0<\/p>\n<\/div>\n<\/div>\n<div class=\"expanded-byline article-expanded-byline\" data-activity-map=\"expanded-byline-article-bottom\">\n<div class=\"byline-thumbnail byline-thumbnail--has-image expanded-byline__thumbnail\" data-testid=\"byline-thumbnail\"><a href=\"https:\/\/www.nbcnews.com\/author\/brian-cheung-ncpn1299040\"><picture data-testid=\"picture\"><source media=\"(min-width: 320px)\" srcset=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_focal-60x60,f_avif,q_auto:eco,dpr_2\/newscms\/2024_10\/3640956\/brian_cheung.jpeg 2x, https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_focal-60x60,f_auto,q_auto:best\/newscms\/2024_10\/3640956\/brian_cheung.jpeg 1x\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_focal-60x60,f_auto,q_auto:best\/newscms\/2024_10\/3640956\/brian_cheung.jpeg\" alt=\"\" height=\"48\" width=\"48\"\/><\/picture><\/a><\/div>\n<p><span class=\"byline-name expanded-byline__name\" data-testid=\"byline-name\"><a href=\"https:\/\/www.nbcnews.com\/author\/brian-cheung-ncpn1299040\">Brian Cheung<\/a><\/span><span class=\"byline-social expanded-byline__social\"\/><\/p>\n<div class=\"expanded-byline__bio-wrapper\">\n<p class=\"byline-bio expanded-byline__bio\">Brian Cheung is a business and data correspondent for NBC News.<\/p>\n<\/div>\n<\/div>\n<div class=\"expanded-byline article-expanded-byline\" data-activity-map=\"expanded-byline-article-bottom\"><span class=\"byline-thumbnail byline-thumbnail--no-image expanded-byline__thumbnail\" data-testid=\"byline-thumbnail\"\/><span class=\"byline-name expanded-byline__name\" data-testid=\"byline-name\">Lillian Rizzo, CNBC<\/span><span class=\"byline-social expanded-byline__social\"\/><\/p>\n<div class=\"expanded-byline__bio-wrapper\">\n<p class=\"byline-bio expanded-byline__bio\">Lillian Rizzo\u00a0covers media, sports and other business news for CNBC.<\/p>\n<\/div>\n<\/div>\n<div class=\"expanded-byline article-expanded-byline\" data-activity-map=\"expanded-byline-article-bottom\"><span class=\"byline-thumbnail byline-thumbnail--no-image expanded-byline__thumbnail\" data-testid=\"byline-thumbnail\"\/><span class=\"byline-name expanded-byline__name\" data-testid=\"byline-name\">Alex Sherman, CNBC<\/span><span class=\"byline-social expanded-byline__social\"\/><\/p>\n<div class=\"expanded-byline__bio-wrapper\">\n<p class=\"byline-bio expanded-byline__bio\">Alex Sherman covers media for CNBC.\u00a0<\/p>\n<\/div>\n<\/div>\n<p>David Douglas<!-- --> and <!-- -->Julia Boorstin, CNBC<!-- --> <!-- -->contributed<!-- -->.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nbcnews.com\/business\/business-news\/comcast-announce-spinoff-cable-networks-msnbc-usa-sources-say-rcna180919\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. The split would &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=128016\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-128016","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/128016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128016"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/128016\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}