Comcast has announced the separation of several of NBCUniversal's cable television networks. These include prominent channels such as USA Network, CNBC, MSNBC, Oxygen, E!, SYFY, and the Golf Channel. The newly formed company, temporarily named SpinCo, aims to deliver "world-class news, sports and entertainment with significant scale and resources."

“When you look at our assets, talented management team and balance sheet strength, we are able to set these businesses up for future growth,” stated Brian L. Roberts, Chairman and CEO of Comcast. “With significant financial resources from day one, SpinCo will be ideally positioned for success and highly attractive to investors, content creators, distributors and potential partners.”

This restructuring leaves NBCUniversal with its broadcast and streaming assets. This includes NBC's entertainment, sports, and news divisions, along with Bravo, all of which contribute to the Peacock streaming service. While Bravo remains, its popular franchises like Real Housewives and Below Decks solidify its continued importance.

“This transaction positions both SpinCo and NBCUniversal to play offense in a changing media landscape,” commented Mike Cavanagh, President of Comcast. “Taken together, the entirety of NBCUniversal will be on a new growth trajectory, fueled by our world-class content, technology, IP, properties and talent – all working in concert with each other as an integrated media company.”

SpinCo will be led by a seasoned leadership team. Mark Lazarus, currently Chairman of NBCUniversal Media Group, will serve as CEO, and Anand Kini, currently Chief Financial Officer of NBCUniversal and EVP of Corporate Strategy at Comcast, will be CFO and COO.

“As a standalone company with these outstanding assets, we will be better positioned to serve our audiences and drive shareholder returns in this incredibly dynamic media environment across news, sports and entertainment,” said Lazarus. “We see a real opportunity to invest and build additional scale and I’m excited about the growth opportunities this transition will unlock. Our financial strength will also provide capacity for an attractive capital return policy while allowing for investment in the growth of these businesses.”

SpinCo’s revenue over the past year (ending September 30, 2024) totaled approximately $7 billion.