Comcast to split its cable business from media through NBCUniversal and Sky spinoff
Comcast said shareholders will own stock in both companies as the split aims to sharpen strategy and support growth.
- On Monday, June 29, 2026, Comcast Corporation announced plans to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky.
- Chairman and Co-Chief Executive Officer Brian L. Roberts stated the move reflects Comcast's track record of positioning businesses to win in changing markets, as management believes each entity will be better positioned to pursue strategic priorities independently.
- Comcast co-CEO Mike Cavanagh will lead NBCUniversal as CEO, while former Chief Financial Officer Michael Angelakis becomes CEO of Comcast, with the spin-off expected to complete in one year and Comcast retaining a stake of up to 19.9%.
- Reaching more than 65 million homes and businesses, the separate Comcast business will focus on customer experiences backed by the nation's largest converged network, while Cavanagh said the media company will compete as a "premier global media and entertainment company."
- Subject to final board and regulatory approvals, Comcast shareholders will own shares in both companies, and both entities will maintain a dual-class share structure, positioning each for long-term independent growth.
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Comcast spinning out NBC Universal, Sky Group into separate company
The West Coast headquarters of Comcast and NBC Universal at 10 Universal City Plaza in Universal City, California. (Photo by Matthew Keys for The Desk) Comcast on Monday said it will spin out its content division NBC Universal and Sky Group into a separate, publicly-traded company while retaining a minority investment in the new venture for at least one year. The tax-free transaction will leave Comcast focused on broadband, wireless and business…
Comcast to split, spin off NBCUniversal and Sky
Comcast is planning to split itself into two publicly traded companies, one focused on media that would include NBCUniversal and Sky and the other focused on broadband and wireless services. The company said Monday that its board and management team think each company will be better positioned to pursue its own strategic priorities, invest for growth and create long-term shareholder value as independent entities. The planned move comes after Com…
Comcast Is Splitting Itself in 2
Comcast is planning to split itself into two publicly traded companies, one focused on media that would include NBCUniversal and Sky and the other focused on broadband and wireless services. The company said Monday that its board and management team think each company will be better positioned to pursue its...
Comcast Pushes for Spin-off of NBCUniversal and Sky to Become Separately Listed Companies The U.S. telecommunications and media company Comcast is embarking on a restructuring plan to spin off NBCUniversal and Sky into separate publicly traded companies. By separating its broadband telecommunications and wireless business from its media and entertainment business, each
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