Comcast to Separate NBCUniversal and Sky into Independent Companies
· Telemundo McAllen (KTLM)
Comcast plans to split into two separate publicly traded companies by separating NBCUniversal and Sky. The company announced on Monday that its board of directors and management team believe the two companies will be better positioned to pursue their own strategic priorities, invest for growth, and create long-term value for investors as independent entities. The media and entertainment company NBCUniversal includes a theme parks division, Universal film and television studios, NBC and Telemundo networks, Peacock, and Bravo. Its portfolio will now include the European media business Sky. Philadelphia-based Comcast will continue to provide internet services to residential and business customers. Once the transaction is completed, Comcast shareholders will own shares in both Comcast and NBCUniversal. The separation is expected to be finalized in approximately a year, pending final approval from Comcast's board of directors and regulatory approvals.
AI summary · Source: Telemundo McAllen (KTLM) →
