{"id":128032,"date":"2024-11-20T13:00:45","date_gmt":"2024-11-20T06:00:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=128032"},"modified":"2024-11-20T13:00:45","modified_gmt":"2024-11-20T06:00:45","slug":"cable-tv-networks-msnbc-and-cnbc-to-be-spun-off-by-comcast","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=128032","title":{"rendered":"Cable TV networks MSNBC and CNBC to be spun off by Comcast"},"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 data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon Prime.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The BBC understands that the plan &#8211; set to be announced on Wednesday &#8211; is to create a new company that will include channels such as MSNBC, CNBC, USA, E!, Syfy and the Golf Channel.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The networks are still profitable and generated a combined revenue of $7bn (\u00a35.5bn) in the year to the end of September.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Comcast will keep the NBC broadcast television network, its film and television studios and its theme parks, as well as its Peacock streaming service.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Executives at Comcast believe the plan will be completed in about a year. Their expectation is that Comcast will be better placed for growth after the spinoff.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">They are understood to believe the new company will be in a position to buy other cable TV networks that could potentially go up for sale in the future.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The new firm will have the chairman of NBCUniversal&#8217;s media group, Mark Lazarus, as its chief executive.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Comcast&#8217;s president, Michael Cavanagh, first hinted at the plan during a call with investors last month.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">At the time,  Mr Cavanagh said he was exploring a strategy that could create &#8220;a new well-capitalised company owned by our shareholders and comprised of our strong portfolio of cable networks&#8221;.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Comcast took control of NBCUniversal in 2011 before the rise of streaming. At the time, its cable networks were seen as some of its most attractive businesses.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">But a growing number of cable TV viewers have been cancelling their subscriptions and moving on to streaming platforms.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Comcast is the first major media company to make such a move.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Earlier this year, Warner Bros and Paramount Global cut billions of dollars from the valuation of their cable TV networks.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Walt Disney has also considered spinning off its cable networks but ended up scrapping the plan. <!-- --><\/p>\n<\/div>\n<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<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.bbc.com\/news\/articles\/cn42p1m3jmno\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=128032\" 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-128032","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/128032","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=128032"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/128032\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}