Comcast to Spin Off Cable Networks into New Company, SpinCo

The move will separate MSNBC, CNBC, and other cable assets from NBCUniversal, raising questions about future operations and industry impact.

Comcast announced plans to spin off its cable networks, including MSNBC, CNBC, USA, Syfy, E!, and Oxygen, into a new publicly traded entity called SpinCo, led by Mark Lazarus.
The spinoff is structured as a tax-free move for shareholders and is expected to take about a year to complete, pending regulatory and board approvals.
Bravo, NBC, and Telemundo will remain under Comcast due to their strong integration with Peacock and NBCUniversal’s broader streaming strategy.
Analysts suggest the spinoff could position SpinCo as a potential buyer for distressed cable assets, though regulatory and antitrust concerns may arise depending on future acquisitions.
The separation creates uncertainties for MSNBC and CNBC, particularly regarding their branding and operational ties to NBC News, as well as the long-term sports rights for channels like USA and Golf Channel.