Comcast to spin off cable assets: report ...Middle East

Comcast, one of the largest media conglomerates in the country, is planning to spin off its cable assets as part of a major shakeup of the company's business, according to multiple reports. The plan, which is expected to take as long as a year, would split off the company's NBC Universal networks including MSNBC, CNBC, USA, Oxygen, SyFy, E! and Golf Channel from the rest of the parent company's portfolio. Those networks generated about $7 billion in revenue over the last year, according to The Wall Street Journal, which was first to report news of the spin-off plans. The company's crown jewel streaming service Peacock and its broadcast network NBC will remain under the Comcast um

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Comcast to spin off cable assets: report ...Middle East

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