Comcast announced its intention to spin off several cable channels including MSNBC and CNBC into a new company, SpinCo, expected to launch in a year.
Brian L. Roberts stated the spin-off aims to set the channels up for future growth amidst media industry challenges, shifting focus towards streaming.
Mike Cavanagh mentioned the move allows NBCU to play offensive in a changing media landscape, highlighting the need for adaptability in traditional media.
SpinCo will comprise major NBCUniversal networks and complementary digital assets, all expected to be ideal for investors and content creators.
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