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Speed Channel: joint venture with Cox Communications and Fox Entertainment Group; Fox acquired Comcast and Cox's stakes in 2001; Time Warner Entertainment (26%, with Time Warner Inc.): Comcast sold its 26% stake to Time Warner Inc. (now Warner Bros. Discovery) in 2003. TV One: 50% joint venture with Radio One, which acquired Comcast's stake in 2015
TV stations formerly owned by Sinclair Broadcast Group; City of license / Market Station Channel Years owned Current ownership status Anniston, AL: WJSU-TV [ρ] 40: 2014–2015 [o] WGWW; Howard Stirk Holdings: Tuscaloosa, AL: WCFT-TV [ρ] 33: 2014–2015 [o] WSES; Howard Stirk Holdings Stockton–Sacramento, CA: KOVR: 13: 1997–2005: CBS News ...
Brian L. Roberts. Comcast is described as a family business. [19] Brian L. Roberts, its chairman and CEO, is the son of founder Ralph J. Roberts (1920–2015). Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, giving him an "undilutable 33% voting power over the company". [20]
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.
The company announced a plan Wednesday that will offload the bulk of NBCUniversal’s financially challenged cable portfolio — excluding Bravo — into a new entity owned by Comcast shareholders.
The new company — currently dubbed SpinCo, although that will change — will offer news, entertainment and sports channels reaching about 70 million U.S. homes and have the financial heft to ...
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