Comcast (CMCSA) said Thursday that it has started exploring spinning off its cable networks into a separate company. The development comes as the media industry undergoes massive disruption, with more consumers cutting the cord. < - - - HA! HA!
"There are a lot of questions to which we don't have answers, so we want to do the work," Comcast president Mike Cavanagh told investors on the company's third quarter earnings call.
He added, "I think the idea of playing some offense when you combine the balance sheet strength that we have, the assets we have, and the management team we have, there may be some smart things to do, and we want to study that."
https://www.wsj.com/business/media/comcast-greenlights-7-billion-spinoff-of-nbcuniversal-cable-channels-cc5c6dc5