29 jun 2026
Comcast is splitting in two
Comcast has announced plans to separate itself into two publicly traded companies, spinning off its NBCUniversal and Sky broadcasting arms. The shake up aims to protect the media conglomerate's profitable broadband and wireless brand, which will retain the "Comcast" company name, as its media and entertainment business - now collectively named "NBCUniversal" - faces increasing pressure from industry consolidation and streaming rivals. The separation is expected to take approximately a year, with Comcast shareholders owning shares in both Comcast and NBCUniversal upon completion.
across the coverage
Comcast said it plans to separate its media businesses from its mobile and broadband networks in the latest reshaping of the US industry, sending shares in the group up more than 20 percent on Monday. The US media group said it expected to complete the break-up within a year through a tax-free spin-off of NBCUniversal and Sky - handing existing shareholders stock in both Comcast and the new standalone media company. The move comes as the traditional American media industry races to keep pace as audiences shift their attention to social media and streaming platforms.
ars technica
coverage · 2 outlets
- 13:25ars technica
Comcast is splitting its media and broadband properties
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