The separate cable channel company will have the same sort of ownership structure as Comcast, but will have its own management team, led by NBCUniversal Media Group chairman Mark Lazarus, who will become CEO of the new venture.
Comcast is planning to move most of its cable television networks into a separate publicly traded company. Notably, the spinoff will split MSNBC and CNBC, two profitable arms of the NBCUniversal News Group, away from the core news-gathering operation of NBC News.
The spinoff is expected to be formally announced on November 21, 2024. According to The Wall Street Journal, the involved channels also include USA, Oxygen, E!, Syfy, and Golf Channel. The separate cable channel company will have the same sort of ownership structure as Comcast, but will have its own management team, led by NBCUniversal Media Group chairman Mark Lazarus, who will become CEO of the new venture.
Comcast’s NBCUniversal division will retain Bravo, the NBC broadcast network, the Peacock streaming service, and all of its other assets, like NBC Sports and the Universal theme parks.
