Comcast said it is considering separating or spinning off NBCUniversal's cable networks. If Comcast moves forward with the idea, it could kick off a broader media reconfiguration of cable assets.
Comcast has said it's toying with the idea of separating its cable network business. Transcript: Conway Gittens: Thursday was the worst day for tech stocks since September.
CMCSA's third-quarter 2024 earnings reflect continued strength in domestic wireless subscribers and Peacock.
The cable business has come under pressure as more people rely on streaming for video content.
NBC-parent Comcast is exploring spinning of its struggling cable networks business, including left-leaning MSNBC, President Mike Cavanagh said Thursday.
The cable and entertainment company posted a jump in quarterly revenue, boosted by its media businesses.
Comcast (CMCSA) on Thursday said in its third-quarter earnings call that it is considering spinning off its cable network portfolio into a separate company.
Analysts think Comcast's sprawling empire could get more investor respect without its troubled cable networks, and the networks could benefit from being on their own as well.
Comcast Corporation (NASDAQ:CMCSA ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 PM ET Company Participants Marci Ryvicker - Executive Vice President, Investor Relations Mike Cavanagh - President Jason Armstrong - Chief Financial Officer Dave Watson - President & Chief Executive Officer, Comcast Cable Brian Roberts - Chairman & Chief Executive Officer Conference Call Participants Ben Swinburne - Morgan Stanley Craig Moffett - MoffettNathanson Michael Ng - Goldman Sachs John Hodulik - UBS Jessica Reif Ehrlich - Bank of America Securities Jonathan Chaplin - New Street Steven Cahall - Wells Fargo Operator Good morning, ladies and gentlemen, and welcome to Comcast Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Cable TV networks look like they're in permanent decline. So Comcast, which owns a bunch of them, is proposing splitting them into a separate company.
Although the revenue and EPS for Comcast (CMCSA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CNBC's David Faber joins 'Squawk on the Street' to discuss news of Comcast exploring the separation of its cable networks business.