A free-market cable regulator gets nominated as chair of the Federal Communications Commission, setting tongues wagging on Wall Street that much-needed dealmaking will take place. One of the largest media organizations in the world dramatically alters its business model, separating its cable programming from much of the rest of its company to set itself up for some dealmaking.Coincidence? Not even close, according to telecom bankers and lawyers assessing this week’s developments on Wall Street and in Washin ...

Goldman Sachs analyst Michael Ng maintained a Buy rating on Comcast Corp CMCSA with a price target of $50.On November 20, 2024, Comcast announced plans to spin off select cable networks and digital assets into a new publicly traded entity called SpinCo.The proposed spin-off aims to streamline Comcast’s operations and enhance growth by separating its cable networks and complementary digital assets from its broader media and streaming divisions.Also Read: Taiwan Semiconductor Plans New Factories To Boost Dome ...

Comcast was supposed to have a solid broadband business to fall back on, but even that's in trouble.Comcast (CMCSA 1.58%) has been trying to find its way as linear TV declines, but investors always thought the broadband business would be a saving grace. That may not be the case, and with management considering the spin-off of some cable channels, things are getting desperate fast. Travis Hoium shows how quickly the business has declined in this video.*Stock prices used were end-of-day prices of Nov. 19, 202 ...

After a few bumpy outings due to Covid and less-than-optimal host cities, the Olympics flourished last summer in Paris, with viewership gains and advertising records. With more happy returns expected from the 2026 Winter Games in Italy and the 2028 Summer Games in Los Angeles, NBCUniversal may need to develop some new muscles in order to maintain the synergistic mojo. Next year, parent company Comcast plans to spin off NBCU’s cable networks into a separate, publicly traded entity. The transaction, formally ...

Comcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks — except Bravo — into a separately publicly traded entity.Investors' initial shrug at the proposed transaction underscores the uncertainty of the maneuver.The hope for Comcast is that by shedding declining assets, the company's shares will rise. Cable networks are still profitable, but they're hemorrhaging subscribers and revenue every year as Americans cancel traditional pay TV ...

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(Photo by Gary Hershorn/Getty Images)Getty ImagesWeeks after floating a huge trial balloon, Comcast followed through this morning, announcing plans to spin off most of its linear cable networks into a separate company, including such stalwarts as CNBC, MSNBC, USA Network and SyFy.It’s the first tangible action among media executives who exulted in the days after the election about a more relaxed regulatory and M&A regime under the imminent Trump Administration. More importantly, the Comcast announcement lik ...

Comcast (CMCSA) announced Wednesday that it will spin off select cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. The spinoff includes some of CMCSA's digital assets, including Fandango, Rotten Tomatoes, GolfNow and SportsEngine. It will create a new publicly traded company called SpinCo."When you look at our assets, talented management team and balance sheet strength, we are able to set these businesses up for future growth," said Comcast CEO Brian Rober ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The symbol for Comcast appears on a screen at the Nasdaq MarketSite, on Oct. 1, 2019 in New York. Credit: AP Photo/Richard Drew, File Comcast will spin off many of its cable television networks that were once at the heart of the entertainment giant, with people increasingly swapping out their cable TV subscriptions for streaming ...

Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a new growth opportunity.On Wednesday, the company announced that it’s spinning off NBCUniversal’s cable television networks — such as CNBC, E!, Golf Channel, MSNBC, Oxygen, SYFY, and USA Network — into a separate publicly traded company. It’s also including digital assets like GolfNow, Fandango, Rotten Tomatoes, and Sports Engine. This bold spin-off strate ...