Comcast to spin off MSNBC, CNBC entertainment channels as streaming dents cable: sources
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Comcast plans to spin off its MSNBC and CNBC entertainment channels due to the impact of streaming services on cable. Comcast will retain NBCUniversal's NBC broadcast network, film and television studios, theme parks, and Peacock streaming service.
November 20, 2024 | 2:00 am
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Comcast is spinning off MSNBC and CNBC entertainment channels due to streaming's impact on cable. It retains NBC broadcast network, studios, theme parks, and Peacock.
The spin-off of MSNBC and CNBC entertainment channels indicates a strategic shift in response to streaming's impact on cable. However, Comcast retains significant assets like NBC, studios, and Peacock, suggesting a balanced approach. The short-term impact on stock price is neutral as the company maintains strong assets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90