Source: International Business Times
Comcast's board said the split would create "two focused industry leaders" with separate strategic priorities and financial profiles. Getty Images Comcast announced Monday that it will separate its media and entertainment operations into a standalone publicly traded company, splitting NBCUniversal and Sky from its broadband and wireless business in one of the biggest corporate restructurings in the media sector in recent years. The announcement comes as the global media industry continues to adapt to sweeping changes in consumer viewing habits, increased competition from streaming platforms and a wave of corporate consolidation.
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