Comcast to split into two publicly traded companies, separating media and broadband operations
Comcast plans to separate its media operations from its broadband and wireless business, creating two distinct publicly traded companies. The media entity will include NBCUniversal and Sky, while the remaining company will focus on broadband and wireless services.
Comcast is splitting into two publicly traded companies, separating its media operations, which include NBCUniversal and Sky, from its broadband and wireless business. The remaining Comcast company will focus exclusively on broadband and wireless services. According to the Times of India, the separation is expected to take approximately one year to complete. Mike Cavanagh will lead the new media entity, and Michael Angelakis will lead the remaining Comcast company focused on broadband and wireless services. Mike Cavanagh stated that the media entity will be focused, purposeful, and strong after the split. The separation raises questions about the future of Sky News.
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