Business · 1h ago
Comcast splits into two companies, spins off NBCUniversal
Comcast will separate into two publicly traded companies, spinning off its NBCUniversal and Sky broadcasting arms. The move aims to protect its profitable broadband and wireless business, which retains the Comcast name. The media and entertainment assets will operate under the new NBCUniversal entity.
Meridian48 take
This is a strategic unbundling to shield Comcast's broadband cash cow from the declining linear TV business, but the real test is whether the spun-off media assets can compete in streaming.
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