Comcast to spin off NBCUniversal

Comcast plans to spin off its broadcast assets, including NBC, as part of major restructuring of the company’s business announced on Monday.

As part of the plan, Comcast will be its own company focusing on broadband, wireless and entertainment while NBCUniversal, Universal film and television studios, NBC and Telemundo networks, Peacock and Bravo are spun off into a separate arm.

“Both companies begin this next chapter from positions of strength,” Mike Cavanagh, co-chief executive officer of Comcast said in a statement. “Comcast will continue to build on its leadership in connectivity, while NBCUniversal, together with Sky, will have the scale, brands, content and financial resources to compete as a premier global media and entertainment company.”

The latest plan comes just months after Comcast spun off its linear cable assets, including the progressive outlet MS Now, after years of sharing a newsroom and coverage strategies with NBC News.

Comcast, like most other media companies, has moved away from traditional broadcast channels and toward direct-to-consumer streaming platforms as more customers cut cable and turn to online sources for news, sports and entertainment.

Shareholders in Comcast Universal will own shares in both companies, the conglomerate said, “creating two focused industry leaders, each with significant scale, strong financial profiles and distinct strategic opportunities.”

“The proposed separation reflects Comcast’s track record of positioning its businesses to compete and win in rapidly changing markets,” the company said.

Copyright 2026 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More Media News

See All