Nolte: Comcast Dumps Cratering MSNBC and Other Dying Cable Channels
“Comcast Corporation today announced its intent to create a new publicly traded company comprised of a strong portfolio of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel,”
read a company statement.
Also spinning off into the new company are the “complementary digital assets including Fandango and Rotten Tomatoes, GolfNow and Sports Engine[.]”
For now, Comcast is calling this new company “SpinCo.”
Here’s what Comcast will hold onto…
“The planned spin-off will also strategically position NBCUniversal with its leading broadcast and streaming media properties, including NBC entertainment, sports, news and Bravo – which all power Peacock – along with Telemundo, the theme parks business and film and television studios.”
With the inevitable death of cable TV accelerating, communications giant Comcast has decided to cut its losses and separate from MSNBC and other cable networks.
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