Comcast to Spin Off NBCUniversal Into Standalone Public Company in Tax-Free Split
- Comcast said June 29 it will separate NBCUniversal — film studios, theme parks, NBC/Telemundo, Peacock and Sky — from its broadband and business-services core in a tax-free spin-off expected to close in about a year (NYT).
- Charter Communications junk bonds and CDS jumped on speculation the new Comcast broadband entity could pursue a deal combining the two cable giants; analysts flagged further M&A optionality post-split (Bloomberg).
- Brian Roberts will lead both companies temporarily; the deal lands as media peers consolidate and pressure mounts on linear TV and cable economics.