Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options.

Mike Cavanagh will serve as the CEO of NBCUniversal, while Comcast’s former CFO Michael Angelakis will become the CEO of Comcast in the separation of its media and technology businesses.

Comcast said Monday it will split into two companies by spinning off NBCUniversal and Sky into a separate media company, leaving its broadband and wireless businesses under Comcast. In a statement, ...

Comcast, just months after shedding most of its cable TV business into Versant Media, is cleaving itself into two separate companies: one housing its namesake cable and tech operations, and the other ...

Comcast announced Monday that it will separate its media and entertainment operations into a standalone publicly traded company.

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

A CNBC segment reported that Comcast (NASDAQ:CMCSA) plans to separate its media and cable/technology operations into two publicly traded companies, with Mike Cavanaugh leading NBCUniversal and Michael ...

Comcast announced a spin-off of NBCUniversal prompting the stock to skyrocket early Monday. The new company will be a new ...

June 29 (Reuters) – Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment ...

The split will create two independent companies — one focused on broadband and wireless, the other on media and entertainment ...