The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.
Mike Blake | Reuters
Comcast is moving forward the spinoff of its cable network channels, a source familiar with the matter told CNBC’s Julia Boorstin on Tuesday.
The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company had announced during its quarterly earnings in October it was considering a split of the cable networks.
The spinoff was first reported by The Wall Street Journal.
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Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
Source: https://www.cnbc.com/2024/11/19/comcast-will-announce-the-spinoff-of-cable-networks-wednesday-cnbc-source-says.html