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From: shawn <nanoflower@notforg.m.a.i.l.com>
Newsgroups: rec.arts.tv
Subject: Re: Comcast is going to spin off many of their networks.
Date: Thu, 21 Nov 2024 03:47:52 -0500
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On Thu, 21 Nov 2024 00:55:41 -0700, anim8rfsk <anim8rfsk@cox.net>
wrote:

>Ian J. Ball <ijball@mac.invalid> wrote:
>> On 11/19/24 9:05 PM, Adam H. Kerman wrote:
>> 
>>> shawn <nanoflower@notforg.m.a.i.l.com> wrote:
>>> 
>>>> Now this is likely to cause some massive changes in the networks. Not
>>>> sure how things will go with these channels having to depend solely
>>>> upon their revenue to keep going.
>>> 
>>>> https://www.nbcnews.com/business/business-news/comcast-announce-spinoff-cable-networks-msnbc-usa-sources-say-rcna180919
>>> 
>>>> https://deadline.com/2024/11/comcast-spinoff-cable-channels-1236181907/
>>> 
>>>> Tomorrow, Comcast is set to reveal its long term plan to carve off
>>>> cable channels MSNBC, CNBC, E!, Syfy, Golf Channel, Oxygen and USA
>>>> into a new and separate company.
>>> 
>>> I've got access to some cash. I think I'll put in the high bid for MSNBC
>>> and its 10,000 regular viewers.
>>> 
>>>> The as-yet-unnamed venture will be run by current NBCU Media Group
>>>> boss Mark Lazarus as CEO. NBCU CFO Anand Kini is on board as a
>>>> supersized CFO and COO for the new company.
>>> 
>>>> Separating the wheat from the chaff, broadcast network NBC,
>>>> burgeoning streamer Peacock and reality TV behemoth Bravo will stay
>>>> with NBCU. NBC and Bravo fare consistently ranks among the most
>>>> watched programs on the streamer, explaining why Bravo was separated
>>>> from the rest of NBCU’s cable networks.
>>> 
>>>> The process of the cable channels spinoff is anticipated to be
>>>> completed in late 2025, if there are no hiccups. As news of the
>>>> potential $7 billion new company spread, Comcast stock saw a nice
>>>> bounce in after hours trading.
>>> 
>>> $7 billion? I was thinking closer to $700,000, with enough operating cash
>>> if I sell all the furniture. Good luck findikng those suckers.
>> 
>> Some of these networks - USA, possibly CNBC and Golf Channel, and maybe 
>> Siffy - have potential value. 
>
>Only if they remove them (especially SYFY) from the Control Le Bon Hammer.
>
>That should have read “the control of Bonnie Hammer” but I like what
>AutoCorrect did there enough to leave it.
>
>
>(Whether they will realize that potential 
>> is another question...) The others, esp. MSNBC, are probably worthless.

Yet, I was reading an article about the move last night and the
writers (some financial analysts) believe the real money is coming
from CNBC and MSNBC. I don't have the data to say one way or the other
but they believed that freeing those two channels from NBC/Comcast
will stop people from taking money from them to feed to pet projects.
(Sounds a lot like what I keep hearing about Hollywood and how the
money making projects end up funding everything else.)

>> I'm still waiting for the cable channel consolidation to happen. Maybe 
>> if someone like Warner Discover or Paramount buy/merge with this new 
>> entity, we can finally start cutting down on cable channels, because in 
>> this day and age, about 70% of them are redundant and need to be 
>> cut/eliminated.


I would have thought it would happen long ago and yet we keep seeing
the splits go on and on and on.