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Comcast's cable spinoff lit the fuse on a conglomerate unbundling already reshaping the S&P 500, and five household names are sitting on the same structural pressure point. The market has started pricing in the splits before management announces them.
Pre-Market Stock Futures: Futures are trading higher after a big start to the holiday-shortened trading week, which saw every index trade higher, after the small-cap Russell 2000 eked out a tiny gain on the close, finishing up 0.01% at $3010, and still leads all the major indices in 2026, up over 20%. The tech-heavy Nasdaq ... Here are Tuesday’s Best Wall Street Analyst Research Calls: Block, Comcast, Fortinet, Goldman Sachs, Honeywell, Klarna, Logitech, Scorpio Tankers, Trade Desk, and More
When Comcast Chairman Brian Roberts decided a few weeks ago to pursue a spinoff for the company’s media and entertainment business, there was just one question: Who would run the cable and broadband operations that remained? “This industry has been kind of in my blood for a long time,” Angelakis said in an interview. In bringing back Angelakis, Roberts, 67 years old, is picking an executive steeped in cable and broadband who is part of a small circle of trusted advisers, said people close to both men.
The firm said acquiring NBCU’s assets would result in material changes to the streaming giant’s financial outlook.
Trump’s control over federal government gets split decision, Comcast spinoff could spark media deals, Constellation earnings are coming, and more news to start your day.
Nearly two decades ago, Comcast bet that the future belonged to companies that owned both the pipes delivering entertainment and the shows themselves...
The case for bundling media with distribution has weakened in the streaming era, but further M&A makes less sense.
The planned spinoff of NBCU is another step in a long-running realignment of the media and entertainment industry’s power structure.
No possible tie-ups have been discussed, according to a report, and any potential deal would not happen until a period of time following the split with Comcast.
After months of waiting, the Supreme Court finally issued a ruling on Monday that rejected Trump’s bid to fire a sitting member of the Federal Reserve. The decision, which was widely expected, didn’t move markets much. The Nasdaq Composite Index closed up 2.1%.
Nobody saw this coming. Not Wall Street. Not Hollywood. And almost certainly not Netflix or Disney. On June 29, Comcast announced it would spin off NBCUniversal and Sky into a separate, publicly traded company through a tax-free transaction. After more than 15 years as a single company, the cable ...
The cable giant is divesting its legacy media businesses.
(Bloomberg) -- Brian Roberts lost out on an opportunity last year to merge NBCUniversal with Warner Bros. Discovery Inc. But the process helped get the chairman and co-chief executive officer of Comcast Corp. thinking about what NBCUniversal would look like on its own. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesSupreme Court Leaves Tr
Shares of telecommunications and media company Comcast (NASDAQ:CMCSA) jumped 7.4% in the afternoon session after it announced plans to separate into two independent public companies by spinning off its media businesses, NBCUniversal and Sky.
Comcast’s plan to spin off its media and theme park business, announced on Monday, revived speculation that legacy media could be entering another wave of dealmaking. Under the plan, NBCUniversal and Sky will separate from Comcast’s broadband and wireless business, giving existing shareholders shares in both listed entities. The move follows Comcast’s January spinoff of Versant Media Group, which houses cable networks such as CNBC, MS NOW, USA Network, E! and Golf Channel. The sector has reason
By Stephen Culp NEW YORK, June 29 (Reuters) - U.S. stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow
NBCUniversal is eyeing opportunities in digital gaming and new entertainment franchises as the company weighs options for future growth after its planned spinoff from Comcast, according to three people with direct knowledge of the matter. Comcast’s cable and connectivity business, meanwhile, is ripe for technological investments that could take advantage of the massive surge in data centers and AI, these people said. No tie-ups have been discussed, and any potential deal would not happen until a period of time following the split, the people said.
Bonds backing Charter Communications popped this morning, buoyed by reports of a potential mobile phone partnership with SpaceX as well as the revelation that rival Comcast Corp. plans to split into two publicly traded companies. Charter stock surged after Bloomberg reported that the company is in discussions to route some phone traffic through SpaceX’s direct-to-cell service, which SpaceX already operates in partnership with T-Mobile. This would enable Charter to pivot from its massive and cost
Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sect
Verizon fell amid multiple industry headlines and was also booted from the Dow Industrial Average.
Market Domination Host Josh Lipton tracks several of the day's top trending stock tickers, including Alphabet (GOOG, GOOGL) joining the Dow Jones Industrial Average (^DJI). while Verizon (VZ) exits the Down and announces a new deal with BT Group, and Comcast (CMCSA) planning a split into two public companies.
Analyst says media spinoff was long overdue.
<body><p>STORY: Comcast said it will split into two publicly traded companies, separating its media and entertainment brands from its broadband cable and wireless businesses.</p><p>:: Comcast</p><p>The announcement sent its shares up as much as 17% in Monday trading.</p><p>:: Universal Orlando Resort</p><p>Comcast would spin off NBCUniversal and Sky to create a company that includes NBC, Peacock, Universal theme parks, and film and TV studios.</p><p>The other company would be comprised of Comcast's cable, wireless and business services divisions.</p><p>The move would unwind 15 years of consolidation at Comcast, dating back to 2011 when CEO Brian Roberts stormed the media world by buying NBCUniversal in a deal that valued the entertainment giant at nearly $40 billion. </p><p>But since then, both divisions have felt the strain of the rapid rise of streaming and industry consolidation. </p><p>Comcast's stock has suffered as a result, with shares falling more than 17% this year through Friday's close after two straight years of declines.</p><p>Roberts said the planned split should quote, "unlock a more entrepreneurial management approach and open up a multitude of new opportunities for each business."</p><p>While he plans to remain "actively involved" in leading both companies, Roberts' Co-CEO at Comcast, Mike Cavanagh, will run the new NBCUniversal, while Michael Angelakis, a former chief financial officer, will return to lead Comcast as CEO.</p></body>
Can global ad-tech company Freewheel invest and grow more rapidly without NBCU as an in-house partner? One analyst examines this question.
Comcast’s action immediately prompted speculation that more deals could be coming in the consolidating media business.
Comcast Unveils Surprise Split. Investors Cheer Media Spinoff Strategy
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