Comcast is offloading its cable properties. Other media companies could do the same.

Yahoo Finance11-22

Comcast (CMCSA) is offloading off most of its cable properties. And it's likely others in the industry will make similar moves. The legacy media giant announced the spin-off on Wednesday after ...

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And it's likely others in the industry will make similar moves. \nThe legacy media giant announced the spin-off on Wednesday after ...</p>\n\n<a href=\"https://finance.yahoo.com/news/comcast-is-offloading-its-cable-properties-other-media-companies-could-do-the-same-185910536.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Comcast is offloading its cable properties. 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Other media companies could do the same.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 02:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/comcast-is-offloading-its-cable-properties-other-media-companies-could-do-the-same-185910536.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Comcast (CMCSA) is offloading off most of its cable properties. And it's likely others in the industry will make similar moves. \nThe legacy media giant announced the spin-off on Wednesday after ...</p>\n\n<a href=\"https://finance.yahoo.com/news/comcast-is-offloading-its-cable-properties-other-media-companies-could-do-the-same-185910536.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494708.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/comcast-is-offloading-its-cable-properties-other-media-companies-could-do-the-same-185910536.html","article_id":"2485425449","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hp9xXDpKxGMIJuM5chKzwA--~B/aD0zODQwO3c9NTc2MDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-11/92d4ef30-a816-11ef-b93f-d5e81d578ee5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485425449","pubTimestamp":1732215550,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Comcast  is offloading off most of its cable properties. And it's likely others in the industry will make similar moves.The legacy media giant announced the spin-off on Wednesday after teasing the possibility just a few weeks prior. At the time, the company said it wanted to \"play offense\" in order to combat an industry burdened by increased cord cutting.\"It does make sense to split out the linear assets, or most of the linear assets,\" Bank of America analyst Jessica Reif Ehrlich said on Yahoo Finance's Market Domination following the news. \"All of the traditional media companies are thinking of what assets they need to own to grow going forward and what they should divest.\". Comcast will maintain ownership of its NBC broadcast network, including NBC News, along with its Peacock streaming service. The Bravo channel, which provides key original programming for Peacock, will be the only cable property not included in the spin-off.Bofa's Reif Ehrlich added, \"If [SpinCo] is, in fact, an in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","PARAA":"Paramount Global","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","PARA":"Paramount Global","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4534":"瑞士信贷持仓","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","BK4598":"佩洛西持仓","BK4554":"元宇宙及AR概念","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","WBD":"Warner Bros. 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And it's likely others in the industry will make similar moves. \nThe legacy media giant announced the spin-off on Wednesday after teasing the possibility just a few weeks prior. At the time, the company said it wanted to \"play offense\" in order to combat an industry burdened by increased cord cutting. \n\"It does make sense to split out the linear assets, or most of the linear assets,\" Bank of America analyst Jessica Reif Ehrlich said on Yahoo Finance's Market Domination following the news. \"All of the traditional media companies are thinking of what assets they need to own to grow going forward and what they should divest.\" \nThe spun-off company, dubbed SpinCo for now, will house most of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY, and the Golf Channel. \nComcast will maintain ownership of its NBC broadcast network, including NBC News, along with its Peacock streaming service. The Bravo channel, which provides key original programming for Peacock, will be the only cable property not included in the spin-off. \n\"The cable networks are clearly in a very challenged universe,\" Reif Ehrlich said. \"I think this is the beginning of what could be industry consolidation or an industry roll-up of cable networks.\"\nMost streaming platforms are finally profitable or, at the very least, close to break-even. But the demise of the cable bundle is still a complicated mess for legacy players looking to survive in a new digital-first era.\nFor years, linear advertising and affiliate fees, or the fees pay-TV providers pay to network owners to carry their channels, had consistently boosted revenues for these networks. But the shift to streaming saw cable subscribers decline, hurting affiliate fees. Meanwhile, streaming companies entering the ad market have taken another leg off of the stool.\nThe pressure from deteriorating linear networks, coupled with heavy debt loads, has forced legacy media giants to cut costs wherever they can, resulting in mass layoffs and restructuring efforts. \nCase in point: Warner Bros. Discovery (WBD) and Paramount Global (PARA). The two companies took a collective $15 billion hit on the value of their respective cable businesses earlier this summer. \n\n\n\n  The logo for CNBC appears on the CNBC studio on the floor of the New York Stock Exchange, Wednesday, Nov. 20, 2024. (AP Photo/Richard Drew)\n \n\n  ASSOCIATED PRESS\n \n\nWall Street analysts say this opens the door for SpinCo to acquire other beaten-down cable properties.\n\"We think this could be viewed as a positive for peers with cable network assets, such as WBD, who could pursue similar 'Good Co' - 'Bad Co' spins,\" KeyBanc analyst Brandon Nispel said in a note on Wednesday.\nBofa's Reif Ehrlich added, \"If [SpinCo] is, in fact, an industry roll-up, then you could take other companies' cable networks and merge them in, cut out overhead, and combine advertising sales [and] distribution.\"\n\"There are a lot of efficiencies to be had by combining many of these companies,\" she said. \"Can these companies survive as part of a bigger entity? Yes, of course they can.\"\nWBD CEO David Zaslav recently hinted at more industry consolidation, citing the incoming Trump administration as a possible catalyst. Meanwhile, Paramount's merger with Skydance Media is set to close in the second half of 2025. It's unclear what will happen to Paramount's cable and TV properties after the merger.\nEven Disney (DIS) has explored cleaving off its traditional TV assets, which include broadcast network ABC and cable channels like FX, Freeform, and National Geographic. Disney CEO Bob Iger has since walked back those comments, but it's still possible a spin-off or asset sale could be revisited. \n\"There are plenty of other cable network companies that could conceivably be owned under this [SpinCo] umbrella,\" Reif Ehrlich said. \"It could be a very interesting couple of years.\"\nAlexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485425449"}