Comcast announces plan to spin off TV networks including MSNBC, CNBC to play 'offense' in new media landscape

By Yahoo! Finance | Nov 20, 2024 at 09:06 AM EST

Comcast's stock rose 3.5% in premarket trade after announcing the spinoff of most cable networks into a new company, SpinCo. NBCUniversal's cable networks like USA Network and CNBC will be part of SpinCo, generating $7 billion in revenue.

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