“We see a real opportunity to invest and build additional scale and I'm excited about the growth opportunities this transition will unlock," Mark Lazarus, who will lead the new firm, promised. By ...

Note: This story, originally published Nov. 5, was updated on Nov. 20 to reflect Comcast’s formal plans to spin off its cable networks. Comcast is cutting the cord on its cable network portfolio – a ...

When Comcast swallowed NBC and Universal Studios 14 years ago, the sibling cable channels USA Network, Bravo and CNBC were considered diamonds in the rough. USA Network had gained traction with its ...

Comcast is carving off most of its cable channels. Will its new spinoff be a hunter or prey? The media giant last week put an upbeat spin on its move to shed what Wall Street sees as an albatross — ...

Comcast has officially spun off its cable channels, including CNBC and MS NOW, into a separate company, Versant Media Group.

Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan. The ...

The newly separate company owns well-known channels like CNBC and MS NOW, but it lacks the distribution power of streaming ...