Comcast is moving forward with the spinoff of its NBCUniversal cable networks, a move foreshadowed by the company's president, Mike Cavanaugh, the Wall Street Journal reported, citing people familiar with the situation.
The company is expected to make the formal announcement on Wednesday, according to the report. The move would have MSNBC, CNBC, USA, Oxygen, E!, Syfy and Golf Channel spun off into a separate company led by longtime NBCUniversal Media Group chairman Mark Lazarus as its CEO. Anand Kini, who has served as chief financial officer of NBCUniversal, will be the CFO and operating chief of the new company, according to the report
Comcast's NBCUniversal division is keeping Bravo, the NBC broadcast network, the Peacock streaming service, and its other assets, like NBC Sports and the Universal theme parks.
