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

Dimensional Traveler <dtravel@sonic.net> wrote:

On 11/21/2024 8:39 AM, Adam H. Kerman wrote:

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

. . .

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.)

Of course, any business in a large conglomerate would benefit from not
having its revenues diverted to something else, and to be able to sink
cash back into growing its own business.

One assumes you meant to type "able to sink cash into stock buy-backs".  :P

I know you are joking, but no, whether significant amounts of stock are
repurchased or the company is taken private is a different calculation.

shawn is saying that executives running profitable groups were being
fucked over because they weren't allowed to reinvest their own profits
into growing the businesses they were running well.

I'll guess that most of the pet projects were unprofitable and found no
large audiences.