Comcast co-CEO Brian Roberts spent his career building an integrated cable giant. To grow, he now plans to split it apart.
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Comcast is executing a tax-free spin-off of NBCUniversal and Sky, suspending its $15 billion buyback program and retaining a 19.9% stake in the new media entity.
Comcast is set to announce its second-quarter results this month, with analysts forecasting double-digit decline in its bottom-line figure.
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NBCUniversal is preparing to stand on its own for the first time in over a decade. Comcast (CMCSA) is splitting its cable and broadband operations from its media and entertainment assets, a separation set to leave NBCUniversal as an independent company. The timeline is set. The strategy is not. ...
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Comcast will separate NBCUniversal and Sky, while retaining its cable, broadband and wireless businesses.
Comcast (NasdaqGS:CMCSA) plans to separate NBCUniversal, including Sky, from its broadband and wireless operations through a tax-free spin-off. The transaction would create two independent, publicly traded companies focused on media and connectivity. The restructuring is framed as a way to give each business clearer priorities and room to pursue distinct strategies. For investors watching Comcast, this proposed breakup touches two big pieces of the communications and entertainment sectors...
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Comcast's (CMCSA) plan to spin off NBCUniversal and Sky creates a clearer path for future mergers an
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