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From: "Ian J. Ball" <ijball@mac.invalid>
Newsgroups: rec.arts.tv
Subject: Re: Comcast is going to spin off many of their networks.
Date: Tue, 19 Nov 2024 21:29:38 -0800
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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. (Whether they will realize that potential 
is another question...) The others, esp. MSNBC, are probably worthless.

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.