Comcast Will Spin Off MSNBC, CNBC, and Cable Channels

A number of cable television assets will anchor a new, publicly traded company called SpinCo.

The Comcast logo on the exterior of a Comcast office in San Francisco on Jan. 23, 2020. Justin Sullivan/Getty Images

Comcast Corp. is spinning off a new publicly traded company that will include a portfolio of its NBCUniversal cable television networks, including USA Network, CNBC, and MSNBC.

On Nov. 20, the Philadelphia-based media company announced that it intends to create a new company called “SpinCo” that will own USA, CNBC, MSNBC, Oxygen, E!, SYFY, and Golf Channel. The new company will also include complementary digital assets including Fandango, Rotten Tomatoes, GolfNow, and Sports Engine.