Comcast to spin off cable networks MSNBC and CNBC
WASHINGTON, D.C.: Comcast is restructuring its entertainment portfolio by spinning off several of its cable networks, a move reflecting the shift in audience preferences from traditional cable TV to streaming platforms.
The spin-off includes notable NBCUniversal networks such as USA, Oxygen, E!, SYFY, Golf Channel, CNBC, and MSNBC. The new company will also include additional assets like Fandango and Rotten Tom