Comcast to spin off cable networks, once star performers for the entertainment giant
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Comcast plans to spin off its cable television networks as consumers shift from cable TV to streaming platforms.
November 20, 2024 | 4:45 pm
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Comcast is spinning off its cable networks due to a shift in consumer preference towards streaming platforms.
The decision to spin off cable networks reflects a strategic shift in response to changing consumer preferences. While this move may not immediately impact Comcast's stock price, it indicates a significant change in business focus, which could have long-term implications.
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