Comcast says it will spin off NBCUniversal.
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Comcast says it will spin off NBCUniversal. * By Brian Stelter, CNN * Jun 29, 2026 Updated 28 mins ago (CNN) - Comcast's media businesses, including NBC, Peacock and Universal, are moving one step closer to a sale. On Monday morning Comcast said it is spinning off NBCUniversal as well as its European media arm, Sky, into a new publicly traded company. The new company - housing the Universal movie studios and theme parks, Peacock streaming service, and brands like NBC, Telemundo and Bravo - will be well positioned for deep-pocketed buyers. Officially, though, Comcast said the new content business "will be poised for growth" on its own. Comcast patriarch Brian Roberts said the separation plan "will unlock a more entrepreneurial management approach and open up a multitude of new opportunities for each business." But the breakup will require regulatory approval first. Comcast said it expects to complete the spinoff in about a year. The spinoff announcement was welcomed by investors; Comcast shares traded up more than 20% in premarket trading. The company's stock has struggled in recent years, reflecting Wall Street skepticism about its combination of content and distribution and its ability to compete with the likes of Netflix. Comcast executives recognize that the market is rewarding pure-play companies. So, 15 years after acquiring NBCUniversal to great fanfare, they...
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