Key facts
- Comcast plans to spin off its NBCUniversal media division.
- MSNBC and E! are included in the NBCUniversal spin-off.
- The NBC broadcast network will remain with Comcast.
- Peacock streaming service will remain with Comcast.
- Comcast previously separated its declining cable TV networks.
- Comcast also plans to spin off its Sky division.
- The spin-offs aim to simplify the business.
- The spin-offs aim to appeal to investors.
- Each spun-off entity will pursue independent strategic priorities.
Comcast has announced plans to spin off its NBCUniversal media division into a separate, publicly traded company. This division encompasses various cable networks, including MSNBC and E!. However, the NBC broadcast network and the Peacock streaming service will continue to be owned by Comcast. This strategic maneuver follows a similar separation of Comcast's declining cable TV networks. The company also intends to spin off its Sky division into another distinct, publicly traded entity.