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Comcast Plans Massive Cable Spin-Off, Separating USA, MSNBC and More From NBC, Theme Parks
Comcast plans to spin off the bulk of its NBCUniversal cable networks, separating USA, MSNBC, E! and more from the NBC broadcast network
After spending billions to snare control of the massive media portfolio known as NBCUniversal, parent company Comcast now plans to break it up. The Philadelphia media giant will move forward with spinning off the bulk of its cable assets, which include MSNBC, USA, E!, Oxygen and Syfy, according to a person familiar with the matter. Confirmation of the spin-off was reported previously by The Wall Street Journal.
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