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Dubai News Club > Tech > Comcast is spinning off its cable TV business
Tech

Comcast is spinning off its cable TV business

Press Room
Last updated: 2024/11/20
Press Room
Published: November 20, 2024
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Comcast is splitting from its NBCUniversal television arm as the market of cable TV customers shrinks in the age of cord-cutting and TikTok.

The US media giant announced plans on Wednesday to spin off the bulk of its cable network channels — including CNBC, MSNBC, Universal Kids, USA Network, E!, Oxygen, Golf Channel, and Syfy — into a separate company. Comcast will retain its reality TV darling Bravo and the Peacock streaming service within its NBC TV business. 

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