As CNBC’s anchors reacted to the spinoff news, they shared a sense of unease about the state of the cable business, with Joe Kernan humorously commenting, 'We're going out into the cold, cruel world.' The network's personalities openly acknowledged their precarious position in a declining industry.
David Faber creatively articulated the challenge facing CNBC, stating, 'We've been on a life raft and it's kind of been sinking. Now we're all going to be able to swim for ourselves, you know, so it's up to us.' This reflects the anchors' recognition of their uncertain future.
Rich Greenfield, cofounder of LightShed Partners, provided a financial perspective on Comcast’s decision, stating, 'This is them saying we no longer want to be in this business, this is no longer a growth business.' This underscores the broader industry trend away from cable.
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