Comcast moves ahead with cable network spin-off

Reuters11-20 21:02

Nov 20 (Reuters) - Comcast CMCSA.O said on Wednesday it would move forward with plans to spin off some NBCUniversal cable TV networks, as the rise of streaming prompts the media company to relinquish some of its most prized assets.

(Reporting by Zaheer Kachwala and Akash Sriam in Bengaluru; Editing by Devika Syamnath and Pooja Desai)

((Zaheer.Kachwala@thomsonreuters.com;))

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