TV Networks Not Valuable Now?

Article in MSN by Peter Kafka, 11/20/24

Headline: “Comcast doesn’t want its cable TV networks anymore”

“Cable networks used to be incredibly valuable. But in the streaming and cord-cutting era, they’re in decline.

“That’s why Comcast is ditching almost all its cable networks into a new stand-alone company.
It would like to persuade other cable-TV owners to join in.

“One of the country’s biggest cable TV companies doesn’t want its cable networks anymore. Would you like them?

“That’s the pitch Comcast is making Wednesday as it announces plans to split off almost all its cable TV networks into a new company. It’s the same pitch Comcast floated as a possibility back in October, and most of the details are the same.”

https://www.msn.com/en-us/entertainment/news/ar-AA1uqTTV

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Article in Slashdot by BeauHD, 11/20/24

Headline: “Comcast Spins Offf Cable Networks”

“Comcast plans to spin off several of its cable TV networks into a standalone company as it shifts focus to streaming and other profitable ventures like Peacock, theme parks, and broadband services. The Associated Press reports:

“Those one-time stars for Comcast’s NBCUniversal cable television networks include USA, Oxygen, E!, SYFY and Golf Channel, as well as CNBC and MSNBC. Movie ticketing platform Fandango and the Rotten Tomatoes movie rating site would also become part of the new company. Peacock will remain with Comcast, as will Bravo, which provides significant content for the Peacock streaming service.”

https://entertainment.slashdot.org/story/24/11/20/2142254/comcast-spins-off-cable-networks