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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Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end

Liberty Media announced Wednesday that it’s spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end. Chairman John Malone will become interim CEO of Liberty Media. Liberty Media’s investor day is set to take place on Thursday in Manhattan. While the 83-year-old Malone will once again take the reigns as CEO, the

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