Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC's Julia Boorstin on Tuesday.
The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said.
The company had announced during its quarterly earnings in October it was considering a split of the cable networks.
Other networks apart of the spinoff include E!, Syfy, Golf Channel, USA and Oxygen, a person close to the matter said.
Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
Persons:
CNBC's Julia Boorstin, Bravo, Mark Lazarus
Organizations:
Comcast, Wall Street, Syfy, Golf, Oxygen, MSNBC, CNBC, NBC News
Locations:
USA, Comcast's