Comcast to spin off cable TV networks CNBC and MSNBC

Comcast, a US media giant, is set to spin off its NBCUniversal cable television arm to create a new company that will include cable TV networks like MSNBC, CNBC, USA, E!, Syfy, and the Golf Channel. The move comes as the industry grapples with competition from streaming platforms. The new company is expected to be led by Mark Lazarus and will focus on further growth opportunities in the changing media landscape.

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