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Comcast Splits Into Two Giants | Huntsville News
Comcast is splitting into two companies — one for media (NBCUniversal, Sky) and one for internet/wireless — in a tax-free move designed to boost growth and shareholder value. Despite a shaky year due to streaming’s disruption of traditional TV, the announcement sent stock soaring nearly 20%. Chairman Brian Roberts called it an exciting step toward more agile, entrepreneurial management. Approval from board and regulators is still pending, and while shareholders will own stakes in both new firms, the impact on consumers remains unclear. Support the show:Get a discount at…
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