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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

Comcast to spin off portfolio of cable networks including MSNBC and CNBC

NBC Comcast MSNBC CNBC Brian L Roberts Spinco Syfy USA
The Comcast and NBC logos lit up on top of a building.
Comcast is planning to spin off MSNBC, E!, CNBC, USA, Oygen, SYFY and the Golf channel into a new, publicly traded company. Photograph: Brendan McDermid/Reuters

The US telecommunications giant Comcast announced plans to spin off cable networks including MSNBC and E! as traditional TV audiences continue to dwindle.

MSNBC, E!, CNBC, USA, Oxygen, SYFY and the Golf Channel will form part of a new, publicly traded company, while Comcast focuses on brands including NBC and Bravo.

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