Comcast Plans Spinoff of NBC's Universal Cable Networks Amid Streaming Era Shift

Comcast to Spin Off NBC Universal Cable Networks as Streaming Dominates Comcast is reportedly advancing plans to spin off NBC's Universal cable networks, a move that signals a strategic shift in the era of streaming dominance. The new company, to be owned by Comcast shareholders, will include prominent cable channels such as CNBC, MSNBC, USA Network, E!, Sci-Fi Channel, and the Golf Channel. The decision comes as traditional cable networks, once a cornerstone of Comcast's business, face waning viewership in favor of streaming platforms. Despite this shift, the cable networks remain a lucrative asset, generating $7 billion in revenue last year. Comcast, however, is retaining key elements of its portfolio, including NBC, its film and TV studios, theme parks, the Bravo network, and its streaming service Peacock. These assets align with Comcast’s focus on future growth areas like streaming, which continues to capture an increasing share of consumer attention and revenue. Sources familiar with the matter suggest that this restructuring reflects Comcast’s strategy to streamline operations and maximize shareholder value in a rapidly changing media landscape. While the spinoff allows the cable networks to operate independently, it underscores the industry-wide pivot away from linear television. Comcast’s move is being closely watched as traditional media companies continue to navigate the challenges of the streaming-first age.