Comcast to spin off NBCUniversal TV networks

US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon Prime. The BBC understands that the plan – set to be announced on Wednesday – is to create a new company that will include channels such as MSNBC, CNBC, USA, E!, Syfy and the Golf Channel. The networks are still

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Comcast will announce the spinoff of cable networks Wednesday, CNBC source says

The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC’s Julia Boorstin on Tuesday. The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company

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Amazon Prime Video to stream Diamond regional sports networks

Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated geographic area. Further details, such as pricing, will be announced at a later date. Financial

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