{"id":3250,"date":"2026-06-29T12:10:21","date_gmt":"2026-06-29T12:10:21","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=3250"},"modified":"2026-06-29T12:10:21","modified_gmt":"2026-06-29T12:10:21","slug":"comcast-plans-to-split-into-two-companies-will-spinoff-nbc-and-sky","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=3250","title":{"rendered":"Comcast plans to split into two companies, will spinoff NBC and Sky"},"content":{"rendered":"<div>\n<p>Comcast unveiled plans Monday to split its media and technology businesses into two separately traded public companies as the entertainment industry reels from consumers abandoning the traditional TV bundle in favor of streaming services.<\/p>\n<p>Read more <a href=\"https:\/\/metrotransitreview.com\/?p=3248\">FBI searching for 2 missing women at house loaded with chemicals, guns and a sick note praising Ted Bundy<\/a><\/p>\n<p>The tax-free spinoff will separate NBCUniversal and Sky into a standalone media company while the remaining Comcast business will concentrate on its broadband, wireless and business services operations, according to the company\u2019s announcement.<\/p>\n<p>The transaction is expected to close in about a year, subject to regulatory and board approval.<\/p>\n<p>Investors cheered the move, sending Comcast shares up as much as 26% in early trading.<\/p>\n<p>Comcast shareholders will own stock in both companies once the transaction is completed.<\/p>\n<p>Read more <a href=\"https:\/\/metrotransitreview.com\/?p=3246\">A Hochul fix to NY\u2019s e-bike law \u2014 plus Mamdani enforcement \u2014 can save lives<\/a><\/p>\n<p>Comcast said it expects to retain a stake of up to 19.9% in NBCUniversal for up to one year following the separation before gradually monetizing the holding.<\/p>\n<div>\n<\/div>\n<p>\u201cThis is a very exciting day for our company,\u201d Comcast CEO Brian L. Roberts said in the press release.<\/p>\n<p>\u201cThe transaction we are announcing will unlock a more entrepreneurial management approach and open up a multitude of new opportunities for each business.\u201d<\/p>\n<p>Under the shakeup, Mike Cavanagh will become CEO of NBCUniversal, while former Comcast Chief Financial Officer Michael Angelakis will return to lead Comcast as CEO following completion of the separation.<\/p>\n<p>Read more <a href=\"https:\/\/metrotransitreview.com\/?p=3244\">Biden-era rules are putting wokeness over science and shutting down museum displays<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Comcast unveiled plans Monday to split its media and technology businesses into two separately traded public companies as the entertainment industry reels from consumers abandoning the traditional TV bundle in favor of streaming services.<\/p>\n","protected":false},"author":1,"featured_media":3249,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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