Comcast is splitting in two

Comcast has announced plans to separate itself into 2 publically traded companies, spinning disconnected its NBCUniversal and Sky broadcasting arms. The shingle up aims to support the media conglomerate's profitable broadband and wireless brand, which volition clasp the "Comcast" institution name, arsenic its media and amusement concern - present collectively named "NBCUniversal" - faces expanding unit from industry consolidation and streaming rivals.

The separation is expected to instrumentality astir a year, with Comcast shareholders owning shares successful some Comcast and NBCUniversal upon completion. While existent Comcast CEO Brian L. Roberts volition beryllium "actively one …

Read the afloat communicative astatine The Verge.