Comcast is spinning off MSNBC

[Marigold]

I am not sure if this is good news or bad. The whole article is behind the WSJ paywall so I can't read all the details.

Breaking: WSJ says Comcast IS "moving forward with a plan to spin off its NBCUniversal cable TV networks." The company "will separate off entertainment and news channels including MSNBC, CNBC, USA, Oxygen, E!, Syfy and Golf Channel..."

[newdeal2]

1. Probably won't be a happy ending

I imagine it will get acquired by some other conglomerate, or a RW billionaire a la Musk.

[SocialDemocrat61]

13. Only if

Lauren Boebert is involved 😉

[JohnSJ]

2. Here is a link that gives details.

https://finance.yahoo.com/news/comcast-approves-7-bln-spinoff-234126631.html

It means that will will be their own separate company.

[Blue Owl]

3. Just a money grab by some rich fuck with a mustache

[elleng]

4. Doesn't sound good, for our favorites.

HOPE they'll find comfortable places.

[getagrip_already]

5. Likely with concrete walls and no blankets

His threats arent hollow at this stage. This isnt a ct at this stage.

He said it was his plan. He has the power. He will have the ag.

[malaise]

7. He does not have that power

That is all

[getagrip_already]

10. I didnt say under the law....

But, we shal see.

He just said he would immediately invoke martial law.

Like i said, not under the law.

[mahina]

6. So Cable companies like Spectrum that now pay

So now we buy cable access and comcast sends that money to stations, MSNBC and the others will have to arrange with each cable provider? Or not?

[Jacson6]

9. No another corporation may be formed or they will be sold off to some other corp.

It is just a business decision.

[HereForTheParty]

8. The same or worse

Hard to imagine this being an improvement.

[onenote]

11. It will be spun off to the current shareholders as a separate company.

That's how spin-offs work. Its also in the article: "The spin-off’s ownership structure will mirror that of Comcast."

[Intractable]

12. Look at the bright side. Now we can have five hours of Scarborough every day instead of four.