Overview
- Mike Cavanagh said Comcast remains open to M&A but will pursue only transactions that clear a very high strategic threshold.
- He indicated prospective media targets would center on streaming platforms and studio operations, consistent with Comcast’s reshaped portfolio.
- Cavanagh argued more transactions look achievable after the Versant separation and downplayed regulatory obstacles.
- He pointed to recent wins—pairing Peacock with NBC, securing NBA rights, and talent deals like Taylor Sheridan—as proof organic execution is creating value.
- Reporters interpret the remarks as signaling potential interest in Warner Bros. Discovery’s streaming and studios if that company splits, which could complicate Paramount’s bid for the whole firm.