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Comcast will announce the spinoff of almost all cable networks Wednesday, Only Bravo will stay with NBC.

Comcast is planning to announce the spinoff of its cable networks, including CNBC, MSNBC and E!, on Wednesday, according to a source familiar with the matter.

Comcast Chairman and CEO Brian Roberts will maintain a voting position in the company, but will not serve as an officer or on the board of directors, the person added. Comcast reported in October that third quarter revenue for its media segment, which is mainly comprised of the TV networks, was up nearly 37% to $8.23 billion, largely due to the Olympics. 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, two of the people said.

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