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The tax-free spin-off is expected to take a year to complete. "The most likely buyers of these cable channels are private equity firms or other media conglomerates," said Emarketer analyst Ross Benes.
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
Comcast said it is structured as a tax-free spin-off. The new NBCU cable TV company — currently dubbed “SpinCo” — will be led by CEO Mark Lazarus, who has served as chairman of ...
MSNBC is an American cable news channel owned by the NBCUniversal News Group division of NBCUniversal, a subsidiary of Comcast.Launched on July 15, 1996, and headquartered at 30 Rockefeller Plaza in Manhattan, the channel primarily broadcasts rolling news coverage and liberal-leaning political commentary.
The decline of pay TV has culminated in Comcast placing MSNBC — along with sister networks such as CNBC and E! — in a spinoff company that will essentially be a repository for its cable outlets.
USA would increase its sports coverage significantly in 2022, after the shutdown of NBCSN, and now serves as the main cable component of NBC Sports. As of November 2023 [update] , USA Network is available to approximately 70,000,000 pay television households in the United States, down from its 2011 peak of 100,000,000 households.
NBC Olympics is the commercial name for the NBC Sports-produced broadcasts of the Summer and Winter Olympic Games as shown in the United States on NBCUniversal platforms. They include the NBC broadcast network and many of the company's cable networks; Spanish language network Telemundo; and streaming on the NBC Sports app, NBCOlympics.com, and Peacock.
Cesar Conde will continue in his position as NBCUniversal News Group chairman, leading NBC News and NBC News Now, Telemundo Enterprises and the local television stations, including KNBC-TV Channel ...