Comcast to Split Into Two Companies via Spin-Off of NBCUniversal, Including Sky

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Comcast is splitting into two separate companies via a tax-free spin-off of NBCUniversal and Sky. The media business will be led by CEO Mike Cavanagh. Meanwhile, the technology and cable operations will be renamed Independent Comcast, with former CFO Michael Angelakis serving as CEO. This separation of media and technology assets is expected to conclude in about one year, mirroring the structural approach taken by Warner Bros. Discovery to divide its corporate operations.
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