Comcast Splits Into Two Powerhouses | Global News

Comcast is splitting into two separate public companies — one focused on media (NBCUniversal and Sky) and the other on broadband and wireless — to unlock faster growth and clearer goals. This follows last year’s spinoff of cable networks like USA, E!, CNBC, and MSNBC, plus Fandango and Rotten Tomatoes. It’s part of a broader industry shift toward streaming, studios, theme parks, and internet services. Mike Cavanagh will lead the media unit, Michael Angelakis the tech side, with Brian Roberts staying involved. Comcast plans to retain up to 19.9% of the new media company for a year, and its stock surged 24% after the announcement. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c9b830a26137fd3f