Comcast is considering separating its cable networks business into a standalone entity. The proposed spinoff would exclude broadcast network NBC and streaming service Peacock, focusing instead on brands like Bravo, USA Network, and MSNBC. Comcast continues to lose cable subscribers, while Peacock gained subscribers due to exclusive coverage of the Summer Olympics. Cavanagh stated the company is still in the early stages of exploring the separation and has no timeline for a formal announcement.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Comcast is considering separating its cable networks business into a standalone entity.
00:07The proposed spinoff would exclude broadcast network NBC and streaming service Peacock,
00:13focusing instead on brands like Bravo, USA Network, and MSNBC.
00:17Comcast continues to lose cable subscribers, while Peacock gains subscribers due to exclusive
00:22coverage of the Summer Olympics.
00:24Kavanaugh stated that the company is still in the early stages of exploring the separation
00:29and has no timeline for a formal announcement.