Comcast is splitting in two

The Verge News
comcast nbcuniversal sky broadband media corporate-restructuring spinoff

Summary

Comcast announces plans to split into two publicly traded companies, separating its NBCUniversal and Sky broadcasting arms from its broadband and wireless business.

<figure> <img alt="An illustration of the Comcast logo." data-caption="" data-portal-copyright="Image: Cath Virginia / The Verge " data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2025/01/STKB303_COMCAST_D.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">Comcast has announced plans to <a href="https://corporate.comcast.com/press/releases/comcast-announces-plans-to-separate-media-and-technology-businesses-into-two-leading-public-companies">separate itself</a> into two publicly traded companies, spinning off its NBCUniversal and Sky broadcasting arms. The shake up aims to protect the media conglomerate's profitable broadband and wireless brand, which will retain the "Comcast" company name, as its media and entertainment business - now collectively named "NBCUniversal" - faces increasing pressure from <a href="https://www.theverge.com/entertainment/886478/warner-bros-discovery-paramount-merger-agreement">industry consolidation</a> and streaming rivals.</p> <p class="wp-block-paragraph">The separation is expected to take approximately a year, with Comcast shareholders owning shares in both Comcast and NBCUniversal upon completion. While current Comcast CEO Brian L. Roberts will be "actively i …</p> <p><a href="https://www.theverge.com/tech/958849/comcast-nbcuniversal-company-spinoff-announcement">Read the full story at The Verge.</a></p>
Original Article
View Cached Full Text

Cached at: 06/29/26, 02:04 PM

# Comcast is splitting in two Source: [https://www.theverge.com/tech/958849/comcast-nbcuniversal-company-spinoff-announcement](https://www.theverge.com/tech/958849/comcast-nbcuniversal-company-spinoff-announcement) [![Jess Weatherbed](https://platform.theverge.com/wp-content/uploads/sites/2/chorus/author_profile_images/195820/JESSICA_WEATHERBED.0.jpg?quality=90&strip=all&crop=0%2C0%2C100%2C100&w=96)](https://www.theverge.com/authors/jess-weatherbed) Jess Weatherbed is a news writer focused on creative industries, computing, and internet culture\. Jess started her career at TechRadar, covering news and hardware reviews\. Comcast has announced plans to[separate itself](https://corporate.comcast.com/press/releases/comcast-announces-plans-to-separate-media-and-technology-businesses-into-two-leading-public-companies)into two publicly traded companies, spinning off its NBCUniversal and Sky broadcasting arms\. The shake up aims to protect the media conglomerate’s profitable broadband and wireless brand, which will retain the “Comcast” company name, as its media and entertainment business — now collectively named “NBCUniversal” — faces increasing pressure from[industry consolidation](https://www.theverge.com/entertainment/886478/warner-bros-discovery-paramount-merger-agreement)and streaming rivals\. The separation is expected to take approximately a year, with Comcast shareholders owning shares in both Comcast and NBCUniversal upon completion\. While current Comcast CEO Brian L\. Roberts will be “actively involved in the leadership” of both companies, co\-CEO Mike Cavanagh has been selected to lead NBCUniversal, and Comcast’s former chief financial officer Michael Angelakis will become the Comcast CEO after the split\. If the agreement goes ahead, Sky Media — the British broadcaster that Comcast acquired in 2018 — alongside the company’s theme parks division, Universal film and television studios, NBC, Peacock, Bravo, and Telemundo networks will be housed under the new NBCUniversal entity\. The new Comcast, meanwhile, is expected to keep serving customers through its unspecified “broadband, wireless, and entertainment platforms\.” “Both companies begin this next chapter from positions of strength\. Comcast will continue to build on its leadership in connectivity, while NBCUniversal, together with Sky, will have the scale, brands, content and financial resources to compete as a premier global media and entertainment company,” Cavanagh said\. “I’m personally thrilled to continue leading NBCUniversal into the future\.” *Disclosure: Comcast is an investor in Vox Media, The Verge’s parent company\.* **Follow topics and authors**from this story to see more like this in your personalized homepage feed and to receive email updates\. - Jess Weatherbed

Similar Articles

Comcast is splitting its media and broadband properties

Ars Technica

Comcast plans to split its media and broadband properties into two standalone companies, aiming to simplify operations and attract investors. The broadband and wireless network business will serve 65 million US customers, while NBCUniversal becomes a separate media entity.

Comcast’s split could make or break Peacock

The Verge

Comcast plans to split off NBCUniversal, Peacock, and Sky, forcing Peacock to operate independently; Peacock faces challenges with lower subscriber numbers compared to rivals and ongoing losses.

Paramount and Warner Bros. Discovery complete $110 billion media megamerger

The Verge

Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, forming a combined company called Skydance led by David Ellison and Ynon Kreiz, putting major studios, networks, and streaming brands like HBO, CBS News, and CNN under one roof after settling antitrust suits from 12 states.