Comcast will spin off many of N小蓝视频Universal鈥檚 cable television networks, including USA Network, CN小蓝视频 and MSN小蓝视频, into a separate public company.
The shift, which comes as more and more people opt for streaming services over traditional cable, was telegraphed by the company when it released its most recent earnings last month.
Mark Lazarus, current chairman of N小蓝视频Universal Media Group, will serve as the new entity鈥檚 chief executive officer.
"As a standalone company with these outstanding assets, we will be better positioned to serve our audiences and drive shareholder returns in this incredibly dynamic media environment across news, sports and entertainment," Lazarus said Wednesday.
Comcast hopes to have the spin-off completed in about a year, the cable giant said, pending board approval, financing and regulatory approvals.
Associated Press, The Associated Press
