Comcast announces split into two public companies, spinning off NBCUniversal and Sky

Wyatte Grantham-Philips, Michelle Chapman

3h ago· 5 min readenNews

Summary

Comcast announced plans to split into two separate publicly traded companies: one focused on media and entertainment (including NBCUniversal, Sky, Universal studios, theme parks, Peacock, and NBC/Telemundo networks) and another focused on broadband and wireless services. The breakup is intended to allow each entity to pursue its own strategic priorities and growth, as the communications industry continues to face challenges from cord-cutting and shifting consumer subscription habits.

Source

bskyComcast announces split into two public companies, spinning off NBCUniversal and Skyapnews.com

Key quotes

· 3 pulled

Comcast is planning to split itself into two: one media-centered business that would include brands like NBCUniversal and Sky and a separate company focused on broadband and wireless services.

Comcast said the breakup will put both of these operations in a better position to pursue their own priorities and growth.

The move arrives as communications companies continue to wrestle with years of cord-cutting, and shifting habits in how consumers now buy subscriptions for anything from their phone

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Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The company said Monday that its board and management team think each company will be better positioned to pursue its own strategic prior

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