Re: Comcast is going to spin off many of their networks.

On Thu, 21 Nov 2024 00:55:41 -0700, anim8rfsk <anim8rfsk@cox.net>
wrote:

Ian J. Ball <ijball@mac.invalid> wrote:

On 11/19/24 9:05 PM, Adam H. Kerman wrote:
 

shawn <nanoflower@notforg.m.a.i.l.com> wrote:
 

Now this is likely to cause some massive changes in the networks. Not
sure how things will go with these channels having to depend solely
upon their revenue to keep going.

 

https://www.nbcnews.com/business/business-news/comcast-announce-spinoff-cable-networks-msnbc-usa-sources-say-rcna180919

 

https://deadline.com/2024/11/comcast-spinoff-cable-channels-1236181907/

 

Tomorrow, Comcast is set to reveal its long term plan to carve off
cable channels MSNBC, CNBC, E!, Syfy, Golf Channel, Oxygen and USA
into a new and separate company.

 
I've got access to some cash. I think I'll put in the high bid for MSNBC
and its 10,000 regular viewers.
 

The as-yet-unnamed venture will be run by current NBCU Media Group
boss Mark Lazarus as CEO. NBCU CFO Anand Kini is on board as a
supersized CFO and COO for the new company.

 

Separating the wheat from the chaff, broadcast network NBC,
burgeoning streamer Peacock and reality TV behemoth Bravo will stay
with NBCU. NBC and Bravo fare consistently ranks among the most
watched programs on the streamer, explaining why Bravo was separated
from the rest of NBCU’s cable networks.

 

The process of the cable channels spinoff is anticipated to be
completed in late 2025, if there are no hiccups. As news of the
potential $7 billion new company spread, Comcast stock saw a nice
bounce in after hours trading.

 
$7 billion? I was thinking closer to $700,000, with enough operating cash
if I sell all the furniture. Good luck findikng those suckers.

 
Some of these networks - USA, possibly CNBC and Golf Channel, and maybe
Siffy - have potential value.

>
Only if they remove them (especially SYFY) from the Control Le Bon Hammer.
>
That should have read “the control of Bonnie Hammer” but I like what
AutoCorrect did there enough to leave it.
>
>
(Whether they will realize that potential

is another question...) The others, esp. MSNBC, are probably worthless.

Yet, I was reading an article about the move last night and the
writers (some financial analysts) believe the real money is coming
from CNBC and MSNBC. I don't have the data to say one way or the other
but they believed that freeing those two channels from NBC/Comcast
will stop people from taking money from them to feed to pet projects.
(Sounds a lot like what I keep hearing about Hollywood and how the
money making projects end up funding everything else.)

I'm still waiting for the cable channel consolidation to happen. Maybe
if someone like Warner Discover or Paramount buy/merge with this new
entity, we can finally start cutting down on cable channels, because in
this day and age, about 70% of them are redundant and need to be
cut/eliminated.

I would have thought it would happen long ago and yet we keep seeing
the splits go on and on and on.