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Comcast shares surged 9% after the company announced it will split into two publicly traded entities through a tax-free spinoff that separates NBCUniversal and Sky from its cable business.
The restructuring would create one company built around Comcast's cable infrastructure and another holding its content and media operations — two distinct businesses that have long sat under a single corporate roof.
The Split: Cable on One Side, Content on the Other The core logic of the separation is structural. Comcast is carving a line between the pipes and the programming.
The cable business — the broadband and pay-TV infrastructure — stays in one vehicle.
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