CNBC's Julia Boorstin reports on the Comcast's decision to spinoff its cable networks.
Investors are often hopeful spinoffs will lead to improved valuations. But one analyst questioned whether that will play out for Comcast given the decay of legacy media.
Rich Greenfield, LightShed Partners co-founder and partner, joins 'Squawk Box' to discuss Comcast's decision to spinoff its cable divisions, Greenfield's major thoughts about the decision, and the valuation of Comcast's cable assets.
Cable networks used to be incredibly valuable. But in the streaming and cord-cutting era, they are in decline.
Comcast said on Wednesday it plans to spin off some NBCUniversal cable TV networks, as the rise of streaming prompts the media company to relinquish some of its most prized assets.
Tom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Rogers' thoughts on Comcast's decision to spinoff cable channels, how Comcast was able to pull this off first, and much more.
The cable and entertainment company is set to spin off networks including MSNBC, CNBC, and Golf Channel, says a report.
Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2) is moving forward with plans to spin off its cable network channels, including CNBC, MSNBC, and E!, according to the Wall Street Journal citing sources familiar with the matter.
Comcast would retain NBCUniversal's NBC broadcast television network, its film and television studios and its theme parks, as well as its Peacock streaming service.
Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution.
Comcast (CMCSA) shares gained in extended trading Tuesday following a report the entertainment and media conglomerate is expected to announce plans Wednesday to spin off its NBCUniversal cable TV networks.
Comcast plans to spin off some NBCUniversal cable channels, The Wall Street Journal reported. The planned spinoff includes MSNBC, CNBC, E!