Communications Services Climb as Risk Appetite Rebounds - Communications Services Roundup

Dow Jones11-21 06:17

Communications services companies rose as investors' risk appetite rebounded.

Comcast rose slightly after it confirmed it will spin off its NBCUniversal cable TV networks, acknowledging that it will be better off without a business that was once its crown jewel.

The spinoff will include entertainment and news channels including MSNBC, CNBC, USA, Oxygen, E!, Syfy and Golf Channel, which generated about $7 billion in aggregate revenue in the 12 months through Sept. 30.

Russia is suspected of orchestrating another major act of sabotage in Europe after two key fiber-optic data cables running below the Baltic Sea were cut off in quick succession earlier this week, government officials said.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 20, 2024 17:17 ET (22:17 GMT)

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