Comcast to spin off NBCUniversal

Comcast plans to spin off its broadcast assets, including NBC, as part of a major restructuring of the company’s business announced on Monday.

As part of the plan, Comcast will be its own company focusing on broadband, wireless and entertainment, while NBCUniversal, Universal film and television studios, NBC and Telemundo networks, Peacock and Bravo are spun off into a separate arm.

“Both companies begin this next chapter from positions of strength,” said Mike Cavanagh, co-chief executive officer of Comcast, in a statement. “Comcast will continue to build on its leadership in connectivity, while NBCUniversal, together with Sky, will have the scale, brands, content and financial resources to compete as a premier global........

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