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Comcast is moving to separate its cable and media divisions, a restructuring that the company expects to complete over the next year.
The plan would put NBCUniversal on one side of a corporate divide and Comcast's cable operations on the other, with each entity theoretically free to pursue its own strategic path.
Whether that path leads anywhere useful is the harder question.
Two Companies, One Problem The logic behind the separation is straightforward: a conglomerate trading at a discount to its parts can sometimes unlock value by letting those parts stand alone.
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