Comcast splits into two companies, spinning off NBCUniversal and Sky
Comcast has announced plans to split into two separate publicly traded companies, spinning off its NBCUniversal and Sky broadcasting arms into a new entity to be called "NBCUniversal". The "Comcast" brand will stay with the profitable broadband and wireless business. The restructuring is designed to shield the telecoms side from the mounting pressures facing the media and entertainment industry.
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