Comcast will announce the spinoff of cable networks Wednesday, CNBC source says

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Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC’s Julia Boorstin on Tuesday.

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The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company had announced during its quarterly earnings in October it was considering a split of the cable networks.

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Sources:

https://www.cnbc.com/2024/11/19/comcast-will-announce-the-spinoff-of-cable-networks-wednesday-cnbc-source-says.html

https://www.wsj.com/business/media/comcast-greenlights-7-billion-spinoff-of-nbcuniversal-cable-channels-cc5c6dc5