Comcast ( (CMCSA) ) has shared an update.
Comcast announced on March 19, 2025, that David Novak will become the non-executive Chairman of the Board of Directors for SpinCo, a planned spin-off of Comcast’s cable channels and digital assets, expected to be completed by the end of 2025. SpinCo will be a leading independent media company with brands such as USA Network, CNBC, and MSNBC, aiming to reach over 65 million U.S. households with a diverse content offering. Novak’s appointment is seen as a strategic move to leverage his extensive experience in brand development and capital markets, positioning SpinCo for growth and value creation.
More about Comcast
Comcast Corporation is a global media and technology company that provides broadband, wireless, and video services through Xfinity, Comcast Business, and Sky. It produces, distributes, and streams entertainment, sports, and news via brands like NBC, Telemundo, and Universal, and operates theme parks through Universal Destinations & Experiences.
YTD Price Performance: -3.25%
Average Trading Volume: 26,595,939
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $136.2B
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