Cable TV networks MSNBC and CNBC to be spun off by Comcast

Channels including USA, Oxygen, E! and Syfy will also be moved to the new media company.

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The plan, formally announced on Wednesday, is to create a new company that will include channels such as MSNBC, CNBC, USA, E!, Syfy and the Golf Channel.

The networks are still profitable and generated a combined revenue of $7bn (£5.5bn) in the year to the end of September.

Comcast will keep the NBC broadcast television network, its film and television studios and its theme parks, as well as its Peacock streaming service.

Comcast said the aim was to complete the plan in about a year.

https://www.bbc.com/news/articles/cn42p1m3jmno

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