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Topic: spin-off

The Comcast Center in Philadelphia
New Companies
Monday, 6/29, 10:43 AM

Comcast to Split in Two, Spinning Off NBCUniversal and Sky

  • Comcast said it will break itself into two public companies — separating NBCUniversal and Sky (theme parks, studios, NBC and Peacock) from its broadband and wireless business — in a tax-free spin-off that sent its shares up about 13%.
  • It's the latest big media conglomerate to conclude that content and distribution no longer belong together.

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