Comcast announced plans to spin off a number of cable channels once viewed as prime assets days after MSNBC’s ratings fell, according to the Wall Street Journal.
The cable giant is spinning off MSNBC, CNBC, USA, E!, Oxygen, SyFy and other channels in news and entertainment, the WSJ reported. The news comes after MSNBC ratings fell by 53% following former President Donald Trump’s defeat of Vice President Kamala Harris in the 2024 election, according to the New York Times. (RELATED: Scarborough Says He Was ‘Flooded’ With ‘Very Supportive’ Calls After Mar-A-Lago Visit)
It’s official: Comcast will offload a bulk of NBCUniversal‘s cable networks — excluding Bravo — into a new entity owned by Comcast shareholders.
The spin-off company will house MSNBC, CNBC, USA, Oxygen, E!, Syfy, Golf Channel and more.https://t.co/HXCm6PITV9
— Variety (@Variety) November 20, 2024
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