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Comcast to spin off cable networks that were once the entertainment giant’s star performers

Comcast to spin off cable networks that were once the entertainment giant’s star performers

WASHINGTON (AP) — Comcast is spinning off into a new company many of its cable television networks that were once at the heart of the entertainment giant, as consumers increasingly swap out their cable TV subscriptions for streaming platforms. Those one-time stars for Comcast’s NBCUniversal cable television networks include USA, Oxygen, E!, SYFY and Golf Channel, as well as CNBC and MSNBC. Peacock will remain with Comcast, as will Bravo, which provides significant content for the Peacock streaming service. How exactly this split will impact customers has yet to be seen, particularly as Comcast aims to complete the transition over the next year. But some analysts speculate that the spun-off networks may have more freedom to bring their content elsewhere.… Continue Reading

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