Comcast Bosses Say NBCU-Cable Separation ‘Absolutely Not’ Designed to Pursue M&A Deals; ‘We’ve Now Simply Changed Our Mind’ That the Businesses Are Better Together

By Todd Spangler

Todd Spangler

NY Digital Editor

Latest

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More than 15 years ago, Comcast took its first steps toward taking over NBCUniversal. Now it’s unwinding the media business from the broadband and TV pipes, planning to spin off NBCU and Sky into a stand-alone entity.

So what changed in the intervening years? Mike Cavanagh, Comcast co-CEO who is set to become chief exec of NBCU after it spins off, tried to explain the evolution of the company leadership’s thinking on a call with Wall Street analysts Monday morning.

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