Comcast planed TV spin off will boost faster-growing core business: BNP Paribas

📆 22.11.2024 0:04:00
📰 BNNBloomberg

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Comcast’s plans to spin off its cable TV networks like MSNBC and CNBC into a separate publicly traded company, is an opportunity for it to focus on its main profit drivers, says one analyst.

Sam McHugh, head of Telecom Equity Research at BNP Paribas, talks about Comcast divesting its cable television networks.

“These cable TV channels have been in somewhat of a secular decline for many years,” said McHugh, adding the media, entertainment and theme parks business makes up only 20 per cent of the company’s revenue.

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