E
Comcast considers big changes for its cable and streaming businesses.
During an earnings call on Thursday, Comcast president Mike Cavanagh said the company is weighing the possibility of spinning off its cable business:
We are now exploring whether creating a new well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks would position them to take advantage of opportunities in the changing media landscape and create value for our shareholders
Cavanagh also said the company “would consider partnerships in streaming” to help grow Peacock.
Disclosure: Comcast is an investor in Vox Media, The Verge’s parent company.
Comcast Says It May Spin Off Cable Networks and Seek a Streaming Partner Amid TV Business Tumult
[The Hollywood Reporter]
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