Comcast to announce the spinoff of cable networks, including MSNBC, CNBC and USA, sources say
Two people with knowledge of the situation told NBC News that Comcast is anticipated to reveal a plan on Wednesday to split off its cable networks into a different business.
Some of NBCUniversal's most well-known brands, including as MSNBC, E!, Syfy, Golf Channel, USA, CNBC, and Oxygen, would be split off as a result of the split. These networks now face the same cord-cutting issues as many other big cable channels.
The Wall Street Journal was the first to report on the spinoff plan.
During its October quarterly earnings call, Comcast had stated that it was thinking about splitting up its cable networks.
At the time, President Mike Cavanagh stated that the company was investigating the possibility of establishing a new, well-capitalized business that would be held by its shareholders and c...