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Cynopsis 11/21/24: Comcast plans to spin off cable networks

Comcast plans to spin off cable networks

Thursday November 21, 2024    IN THE NEWS Comcast plans to spin off NBCUniversal cable networks MSNBC, CNN, USA, Oxygen, E!, Syfy and Golf Channel into a separate company. “The transaction will be structured as a tax-free spin to existing shareholders,” said Comcast President Mike Cavanagh in an internal memo, estimating the transition will take […]

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