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

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. (Whether they will realize that potential is another question...) The others, esp. MSNBC, are probably worthless.
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.