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Is Comcast’s Cable Spinoff a Buyer or a Seller?
Comcast says its cable spinoff sets up declining networks for a rebound — and potential acquisitions. But SpinCo could also be an M&A target.
The media giant last week put an upbeat spin on its move to shed what Wall Street sees as an albatross — the bulk of NBCUniversal ’s cable networks, which have seen their revenue growth stymied by the cord-cutting revolution. Notably, reality-TV powerhouse Bravo is not a passenger on the SpinCo boat, as NBCU sees it as essential to the health of Peacock, where favorites like the “Real Housewives” and “Below Deck” franchises fuel a considerable amount of the streamer’s viewership. Whether SpinCo ends up buying other distressed media assets or opting to sell the cable networks (as a whole or individually), Comcast’s formation of a separate cable-network company signals more transformative M&A for the roiled pay-TV sector.
Or read this on Variety