What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?
4 months, 1 week ago

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Comcast's corporate reorganization means that there will soon be two television networks with “NBC” in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News. Questions range from the simple to complex Lazarus, chairman of the NBC Universal Media Group, is becoming CEO of the newly-formed company of cable networks, temporarily dubbed “SpinCo.” Cesar Conde, who as NBC Universal News Group chairman had oversight of CNBC and MSNBC, will lose those networks from his portfolio, yet remain in charge of NBC News, NBC News Now streaming, Telemundo and the news operations of the NBC-owned local stations. For much of MSNBC's broadcast day, NBC News journalists like Katy Tur, Jose Diaz-Balart, Chris Jansing and a host of reporters appear on the network. Andrew Ross Sorkin, host of CNBC's “Squawk Box,” said on “Morning Joe” Wednesday that the two cable news networks produce ”extraordinary profits" for Comcast that are not being reinvested in cable properties.

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History of this topic

NBCUniversal: Why MSNBC and CNBC might be going away forever.
4 months, 1 week ago

NBCUniversal: Why MSNBC and CNBC might be going away forever.

Slate  

On Tuesday, the notorious telecommunications firm Comcast confirmed that it would follow through on a dramatic proposal it made to investors last month: to officially sell off almost all of its cable TV properties in a $7 billion deal. Anchors at CNBC—which has undergone multiple layoff rounds over the past year—made grim jokes about the situation on air Wednesday as …

Comcast plans to spin off its cable networks. What's next for MSNBC?
4 months, 1 week ago

Comcast plans to spin off its cable networks. What's next for MSNBC?

NPR  

Comcast plans to spin off its cable networks. Now Comcast is spinning off almost all its cable TV channels into a separate company, and that includes the liberal news channel MSNBC, just as President-elect Donald Trump enters the White House for a second time. I mean, to set the table squarely, Fox News has been running away with ratings and …

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?
4 months, 1 week ago

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

Associated Press  

Comcast’s corporate reorganization means that there will soon be two television networks with “NBC” in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News. Their new corporate leader, Mark Lazarus, visited the set of MSNBC’s “Morning Joe” as the plan was being announced on Wednesday and spoke to network staff members …

Media shakeup: Comcast to spin off cable channels MSNBC, USA as ‘cord cutting’ grows
4 months, 1 week ago

Media shakeup: Comcast to spin off cable channels MSNBC, USA as ‘cord cutting’ grows

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Comcast will spin off …

Comcast to spin off cable networks that were once the entertainment giant’s star performers
4 months, 1 week ago

Comcast to spin off cable networks that were once the entertainment giant’s star performers

Associated Press  

WASHINGTON — Comcast is spinning off into a new company many of the cable television networks that were once at the entertainment giant’s heart as consumers increasingly swap out their cable TV subscriptions for streaming platforms. Wednesday’s announcement arrives as more and more people “cut the cord” on cable, with millions canceling service subscriptions every year — and instead signing …

Comcast Spins Off MSNBC, Other Cable TV Networks
4 months, 1 week ago

Comcast Spins Off MSNBC, Other Cable TV Networks

Huff Post  

Comcast is expected to announce Wednesday that it will spin off many of its cable TV channels, according to news reports. Sheldon Cooper/SOPA Images/LightRocket via Getty Images Comcast, the parent company of NBCUniversal, on Wednesday announced the spinoff of many of its cable TV channels, including MSNBC, carrying out a plan the company had hinted at earlier this year. In …

What the Comcast cable network spinoff means for MSNBC and NBC News
4 months, 1 week ago

What the Comcast cable network spinoff means for MSNBC and NBC News

LA Times  

When NBC launched MSNBC in 1996, the network was marketed with the slogan “It’s Time to Get Connected,” a line that acknowledged the emergence of the internet as a game-changing force in the media. Brian Williams and Lester Holt both spent hundreds of hours handling breaking news coverage on cable before they were promoted to the anchor chair at “NBC …

Comcast’s cable networks spinoff raises questions about future of the TV business
4 months, 1 week ago

Comcast’s cable networks spinoff raises questions about future of the TV business

CNN  

New York CNN — Comcast just jump-started a new season of major change across the television industry. Mike Cavanagh, Comcast’s president, said in an internal memo Wednesday that the tax-free transaction, which will take about a year to complete, “positions both SpinCo and NBCUniversal to play offense in a changing media landscape.” Differing views about Comcast offloading its cable channels …

Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company
Trending News
4 months, 1 week ago

Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company

CNN  

New York CNN — Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan. The separate cable channel company will have the same sort of ownership structure as Comcast, but will have its own management team, led by NBCUniversal Media …

Comcast to spin off MSNBC, CNBC and other cable channels
4 months, 1 week ago

Comcast to spin off MSNBC, CNBC and other cable channels

LA Times  

A view of the Comcast NBCUniversal building in Universal City. Comcast is taking an exit ramp on cable programming by creating a new company, comprising nearly all of NBCUniversal’s current cable networks with the exception of Bravo, home of the “Real Housewives.” Comcast Corp. is cleaving off a huge chunk of its television portfolio to create a new company composed …

What’s next for ESPN’s direct-to-consumer plans? Timeline and what it means for sports fans
1 year, 10 months ago

What’s next for ESPN’s direct-to-consumer plans? Timeline and what it means for sports fans

New York Times  

For a number of years now, ESPN has been approaching its future on what company executives have tabbed as a parallel path. When asked when ESPN would pivot to sell its linear offerings directly to consumers as a subscription streaming service, ESPN chairman Jimmy Pitaro described it to The Athletic last June as the following: “The reason you don’t have …

NBC Sports Network to shut down by the end of 2021
4 years, 2 months ago

NBC Sports Network to shut down by the end of 2021

CNN  

New York CNN Business — NBC Sports Network is shutting down at the end of this year, the company said on Friday. The cable network will cease operation and USA Network will begin “carrying and/or simulcasting certain NBC Sports programming” later this year, according to a memo obtained by CNN Business. NBCUniversal’s new streaming service Peacock will also carry some …

How Time Warner Cable and CBS are making the FCC look like chumps
11 years, 7 months ago

How Time Warner Cable and CBS are making the FCC look like chumps

LA Times  

Back in January 2011, I predicted that the Federal Communications Commission’s approval of the Comcast-NBC merger would be a disaster for the consumer. The irony is that Time Warner Cable and CBS are not affiliated, as are Comcast and NBC, but their ruthless treatment of their joint customers just shows even more how derelict the FCC was in allowing the …

Microsoft breaks with NBC, to launch news portal
12 years, 8 months ago

Microsoft breaks with NBC, to launch news portal

Live Mint  

San Francisco: Software firm Microsoft Corp. has parted company with NBC News, pulling out of their joint venture MSNBC to launch its own online news service, the two companies announced on Sunday. It’s really difficult for us to do that when we have an exclusive, single-source relationship with one news provider.” Under the joint venture, NBC News had been the …

Comcast Wins FCC Approval For NBC Merger
14 years, 2 months ago

Comcast Wins FCC Approval For NBC Merger

NPR  

Comcast Wins FCC Approval For NBC Merger Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP The Federal Communications Commission and the U.S. Justice Department have signed off on the $28 billion merger of Comcast and NBC Universal, ending a review process that lasted more than a year. A Deal With Conditions Gigi Sohn, the president of Public Knowledge, a …

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