'Like many of our peers in media, we are experiencing the effects of the transition in our video businesses, and have been studying the best path forward for these assets,' Cavanagh stated, highlighting the challenges faced by traditional media companies amidst declining viewer numbers.
Cavanagh implied during an earnings call that Comcast would prefer exploring partnerships in streaming, stating, "despite their complexities." This suggests a strategic shift towards collaboration over mergers in the evolving media landscape.
Spinning out a separate, publicly traded company of cable networks could enhance Comcast's ability to capitalize on new streaming partnership opportunities, according to Cavanagh's insights from the earnings call.
Despite the heavy viewership declines in cable due to cord-cutting, Cavanagh acknowledged that these assets are still very profitable, emphasizing their importance for funding streaming investments.
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