Comcast, amid the upheaval in the TV biz caused by cord-cutting, is pondering spinning off NBCUniversal‘s portfolio of cable nettoils into a novel disclosely traded company.
Comcast plivent Mike Cavanagh proclaimd the exploratory arranges on the conglomerate’s Q3 obtainings call. NBCU’s cable nettoils join Oxygen, Bravo, MSNBC, CNBC, USA, E!, Syfy, Universal Kids and Spanish-language channel Universo.
“As you understand, we chose not to join in the M&A process around Paramount in the earlier part of this year, but we would ponder partnerships in streaming despite their intricateities, and enjoy many of our peers in media, we are experiencing the effects of the transition in our video businesses, and have been studying the best path forward for these assets,” he shelp.
Cavanagh progressd, “To that finish, we are now exploring whether creating a novel well-capitalized company owned by our scatterhelderlyers and compascendd of our sturdy portfolio of cable nettoils would position them to apshow advantage of opportunities in the changing media landscape and produce cherish for our scatterhelderlyers. We are not ready to talk about any definites yet, but we’ll be back to you as and when we accomplish firm conclusions.”
