Comcast announces intention to create leading independent media business through spin-off of select cable television networks

Philadelphia--(business wire)--comcast corporation (nasdaq: cmcsa) today announced its intent to create a new publicly traded company comprised of a strong portfolio of nbcuniversal's cable television networks, including usa network, cnbc, msnbc, oxygen, e!, syfy and golf channel along with complementary digital assets including fandango and rotten tomatoes, golfnow and sports engine, through a tax-free spin-off. the well-capitalized independent company (“spinco”) will have significant scale as.
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