Comcast is spinning off several of its cable television networks, including USA and CNBC, as subscription numbers decline and streaming services gain popularity.
The spin-off potentially indicates a strategic move for Comcast to merge with another pay TV provider, with analysts suggesting Charter Communications as a likely candidate.
Comcast's cable networks, which generated $7bn in revenue recently, illustrate the significant shift in viewership habits away from traditional cable towards streaming platforms.
The spin-off is projected to take about a year to finalize, with private equity firms and media conglomerates seen as the most likely buyers.
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