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Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock, and the cable channel Bravo. The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Matt Strauss will become chairman of the NBCUniversal Media Group.

Persons: Mike Cavanagh, ” Cavanagh, “, Cavanagh, Mark Lazarus, Anand Kini, Dan Ives, ”, ” Rich Greenfield, ” Greenfield, Cesar Conde, Conde “, ” Donna Langley, Peacock, Matt Strauss, Mark Woodbury Organizations: Comcast, USA Network, CNBC, MSNBC, SYFY, Golf Channel, NBC, NBC News, NBC Sports, Bravo, Wall Street Journal, Wedbush Securities, LightShed Partners, Wednesday, NBCUniversal, Group, Telemundo, NBCUniversal Entertainment, Studios, NBCUniversal Media, Universal, General Electric, Netflix, Amazon Prime Locations: NBCUniversal

☆ Comcast's cable spinoff is them saying 'we don't want to be in the cable biz': LightShed co-founder
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailComcast's cable spinoff is them saying 'we don't want to be in the cable biz': LightShed co-founderRich Greenfield, LightShed Partners co-founder and partner, joins 'Squawk Box' to discuss Comcast's decision to spinoff its cable divisions, Greenfield's major thoughts about the decision, and the valuation of Comcast's cable assets.

Persons: Rich Greenfield Organizations: LightShed Partners

☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ Why 'Real Housewives' maker Bravo is the only cable TV network that Comcast doesn't want to get rid of
▼ + stars: | 2024-11-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.

Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall

☆ CNBC anchors and insiders worry about their futures as Comcast looks to unload the network
▼ + stars: | 2024-11-20 | by ( Lucia Moses | Madeline Berg | ) www.businessinsider.com time to read: +4 min

AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.

Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London

☆ Netflix's Tyson-Paul fight showed their live event strategy is working: LightShed's Rich Greenfield
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's Tyson-Paul fight showed their live event strategy is working: LightShed's Rich GreenfieldRich Greenfield, LightShed Partners, joins 'Squawk Box' to discuss the issues Netflix had streaming Tyson-Paul, what happens with the carriage laws, and much more.

Persons: Netflix's Tyson, Paul, LightShed's Rich Greenfield Rich Greenfield, Tyson Organizations: LightShed Partners, Netflix

☆ Why Wall Street is skeptical about Comcast's proposal to ditch its cable networks and pair Peacock with a competitor
▼ + stars: | 2024-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Comcast's Mike Cavanagh said the company will explore ditching its cable networks. AdvertisementComcast said this week it might separate from its cable networks and marry off its streaming service. Mike Cavanagh, Comcast's president, floated the idea Thursday of spinning out cable networks like CNBC and MSNBC into a new firm while holding on to NBC. Several industry analysts said that Comcast could increase its valuation by divorcing itself from its declining cable networks, as it would help emphasize its burgeoning streaming business. "The cable networks likely have little value on their own.

Persons: Comcast's Mike Cavanagh, Peacock, —, Mike Cavanagh, Cavanagh, Jessica Reif Ehrlich, isn't, John Hodulik, Craig Moffett, Moffett, Insider's Peter Kafka, Michael Hodel, Tim Nollen, Rich Greenfield, Greenfield, it's, David Zaslav, WBD, NBCU, Brandon Katz, Max, Katz Organizations: Wall Street, Service, Comcast, CNBC, MSNBC, NBC, Disney, ABC, Bank of America, Warner Bros, UBS, Morningstar, Lightshed Partners, Starz, WBD's, NBA, Paramount, Max Locations: MoffettNathanson, USA

☆ Doesn't look like anybody is giving up in the streaming wars, says LightShed's Rich Greenfield
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoesn't look like anybody is giving up in the streaming wars, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss news of the DOJ supporting an injunction against the launch of sports streaming service Venu, why he likes Reddit as a stock, state of the media streaming landscape, and more.

Persons: LightShed's Rich Greenfield Rich Greenfield, Venu, Reddit Organizations: LightShed Partners, DOJ

☆ Netflix has won the streaming wars but Wall Street still has big questions about its future
▼ + stars: | 2024-10-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

The US and Canada drive 70% of Netflix's revenue growth and are crucial for its future ad expansion. AdvertisementBy now, it's become a common refrain in Hollywood: Netflix has won the streaming wars. Amazon threw a wrench into Netflix's advertising ambitions by steamrolling into the market earlier this year. With subscriber growth potential limited in the US because Netflix is already quite saturated in the market, Netflix needs to ramp up ad revenue. While Netflix's ad tier growth is steadily adding inventory, those tech deals will take a couple of years to ramp up.

Persons: —, it's, Nielsen, hasn't, steamrolling, It's, Tyson, Paul, Netflix execs, Amazon, What's, Dan Salmon, NewStreet, Lowell Singer, There's, Piper Sandler's Organizations: Wall Street, Netflix, Service, Amazon, Barclays, WWE, LightShed Partners, Citibank, Epic Games, Disney, Piper Locations: Canada

Comcast CEO Brian Roberts chose Shell to replace Steve Burke as NBCUniversal CEO in 2019. Soon, Shell, 59, will be at the helm of Paramount and paired with Ellison, who has already expressed his desire to transition Paramount into a more modern media company. The 10 p.m. hourAt Paramount, Shell will be given an asset mix similar to what he oversaw at NBCUniversal — save the theme parks. Wolf's shows were also significant moneymakers for NBCUniversal, according to a person familiar with the matter. Some media analysts, such as LightShed Partners' Rich Greenfield, have argued Paramount Global should shut down Paramount+ and instead license Paramount content to other streamers with more scale.

Persons: Jeff Shell, Eric Gaillard, NBCUniversal, David Ellison, Ellison, Comcast's NBCUniversal, Shell, Brian Roberts, Steve Burke, RedBird, Andrew Brandon, Gordon, Shell's, —, Skydance, NBC —, CNBC's David Faber, George Cheeks, Hollywood creatives, Dick Wolf, Kevin Dietsch, Stephen Colbert, it's, we've, Pluto, Rich Greenfield, Shell's playbook, We've, Peacock, Roberts, Andrew Wilson, Brian L, Eric Charbonneau, Wall, Mark Hoffman, Shepard Smith, Hoffman Organizations: NBCUniversal, Cannes Lions International, Creativity, Reuters, Paramount Global, Skydance Media, Shell, CNBC, Paramount, Fox, Comcast, NBCU International, Universal, Entertainment Group, RedBird Capital Partners, NFL, CBS, Paramount Pictures, NBC, Local, Journal, FBI, Hollywood, TV, Allen & Company Sun Valley, Getty, LightShed Partners, Warner Bros ., Viacom, WarnerMedia, Netflix, EA, Entertainment, Comcast Corporation, Universal Pictures, Invision, Bravo, MSNBC, MTV, VH1, Comedy Central, Fox News, NBC Sports, NBA, CBS Sports, Big Ten, UEFA Champions League Locations: Cannes, France, Shell, NBCUniversal, Sun Valley , Idaho, Toronto

☆ DirecTV is on the warpath against Disney in a battle it says is existential for cable TV
▼ + stars: | 2024-08-27 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

They really just want to disintermediate all of pay TV and drive everyone to themselves. Fresh off a vicarious victory over Disney, Thun is still looking for revenge. For DirecTV, it's skinny bundles or bustDirecTV believes these strict bundling requirements are to blame for putting pay TV on life support. Disney is "completely responsible" for the fall of pay TV, Pachter said, "because they think the only direction that retransmission fees should go is up." Without skinny bundles, pay TV is 'going to die'If skinnier bundles can't solve pay TV's woes, it's unclear what could.

Persons: —, Venu Sports, Venu, Rob Thun, Thun, Venu didn't, DirecTV's, Geo, They've, Venu wouldn't, Margaret Garnett, I'm, Michael Pachter, he'd, Pachter, Brian Wieser, Puck's John Ourand, Rich Greenfield, Greenfield, — we're, Wieser Organizations: Service, Disney, Fox, Warner Bros ., DirecTV, Business, ESPN, balk, YouTube, Wedbush Securities, Madison, Cable, Paramount, LightShed Partners, Charter Locations: Thun, Wall

☆ Don't see AI having a big impact on Apple this year or next, says LightShed Partners' Walter Piecyk
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't see AI having a big impact on Apple this year or next, says LightShed Partners' Walter PiecykWalter Piecyk, LightShed Partners, joins 'Squawk Box' to discuss Apple's stock performance, impact of Google's antitrust ruling, whether AI can bring about a sales supercycle this year, and more.

Persons: LightShed, Walter Piecyk Walter Piecyk Organizations: Apple, LightShed Partners

☆ Netflix subscriber growth signals companies have to 'spend on great content': LightShed's Greenfield
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix subscriber growth signals companies have to 'spend on great content': LightShed's GreenfieldRich Greenfield, LightShed Partners, joins 'Fast Money' to talk Netflix earnings, the investor call and more.

Persons: LightShed's Greenfield Rich Greenfield Organizations: LightShed Partners, Netflix

☆ Paramount's new owner says he's building a tech company. Come again?
▼ + stars: | 2024-07-08 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

But he is definitely leaning on the idea that he's building a media company that is also a tech company. That's partly because David Ellison isn't a tech mogul. But this reminds me a bit of the 2015 era when digital publishers like BuzzFeed and Vox Media told investors they weren't media companies but tech companies that made media. The bigger problem with the tech + media pitch isn't that tech and media aren't intertwined. AdvertisementThe real problem that Paramount — and just about every other big media company — has these days isn't that its tech isn't good enough.

Persons: —, David Ellison, Ellison, he's, David Ellison's, Larry Ellison —, We've, David Ellison isn't, Steve Jobs, Jobs, John Lasseter, it's, He's, Lasseter, That's, Rich Greenfield, It's Organizations: Service, Hollywood, Paramount, Media, Technology Enterprise, Business, Oracle, Apple, Pixar, Disney, Vox Media, Netflix, YouTube, Lightshed

☆ Former Apple bear turns neutral after WWDC event
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Apple bear turns neutral after WWDC eventWalter Piecyk, Lightshed Partners, joins 'Fast Money' to explain why he is neutral on Apple following the World Wide Developer Conference.

Persons: Walter Piecyk Organizations: Former Apple, Lightshed Partners, Apple, Conference

☆ The media industry is facing a real challenge, says LightShed Partners' Rich Greenfield
▼ + stars: | 2024-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe media industry is facing a real challenge, says LightShed Partners' Rich GreenfieldRich Greenfield, LightShed Partners partner and co-founder, joins 'Squawk Box' to discuss news of activist investor Nelson Peltz selling his entire stake in Disney, state of the media industry, and more.

Persons: LightShed, Rich Greenfield Rich Greenfield, Nelson Peltz Organizations: LightShed Partners Locations: Disney

☆ WSJ: T-Mobile & Verizon in talks to carve up U.S. Cellular
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ: T-Mobile & Verizon in talks to carve up U.S. CellularWalter Piecyk, LightShed Partners, joins 'Squawk Box' to discuss news that T-Mobile and Verizon are in talks to carve up regional carrier U.S. Cellular, who stands to benefit from the deal, state of the telecom and home broadband market, and more.

Persons: Cellular Walter Piecyk Organizations: Mobile, Verizon, Cellular, LightShed Partners, U.S . Cellular

☆ The root problem facing streamers is the lack of daily usage, says LightShed's Rich Greenfield
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe root problem facing streamers is the lack of daily usage, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss Warner Bros. Discovery's quarterly earnings results, whether the company can retain its NBA rights, the new streaming bundle with Disney+ and Hulu, state of the streaming landscape, and more.

Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: LightShed Partners, Warner Bros, NBA, Disney Locations: Hulu

☆ Watch CNBC's full interview with LightShed Partners co-founder Rich Greenfield
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with LightShed Partners co-founder Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the latest developments in merger talks between Paramount and Skydance, challenges facing Paramount going forward, NBC's bidding for NBA games, and more.

Persons: Rich Greenfield Rich Greenfield Organizations: LightShed Partners, Paramount, NBA

☆ Paramount's 'one fatal mistake' was trying to be Netflix, says LightShed Partners' Rich Greenfield
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount's 'one fatal mistake' was trying to be Netflix, says LightShed Partners' Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the latest developments in merger talks between Paramount and Skydance, challenges facing Paramount going forward, NBC's bidding for NBA games, and more.

Persons: LightShed, Rich Greenfield Rich Greenfield Organizations: Netflix, LightShed Partners, Paramount, NBA

☆ Netflix earnings on deck: Here's what to expect
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix earnings on deck: Here's what to expectRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss Netflix as the streaming giant reports its earnings this week, antitrust lawsuit against Ticketmaster parent Live Nation, and more.

Persons: Rich Greenfield Organizations: LightShed Partners, Netflix, Ticketmaster

☆ Disney is trying to do a lot at the same time instead of focusing on one thing, says Rich Greenfield
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney is trying to do a lot at the same time instead of focusing on one thing, says Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the latest developments in Disney's proxy battle, what to expect from the company's annual shareholder meeting next week, state of the streaming landscape, and more.

Persons: Rich Greenfield Rich Greenfield Organizations: LightShed Partners

☆ The bar to leave your house and go to a theater is higher than it was: LightShed's Rich Greenfield
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bar to leave your house and go to a theater is higher than it was: LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss this weekend's box office results, what it says about the movie and entertainment industry at large, and more.

Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: LightShed Partners

☆ What Disney's big bet on video games means for Microsoft and Apple
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Disney's big bet on video games means for Microsoft and AppleCNBC's Steve Kovach with Lightshed Partners' Brandon Ross, join 'Power Lunch' to discuss Disney's stake in Epic video games.

Persons: Steve Kovach, Brandon Ross Organizations: Microsoft, Apple, Lightshed Partners

Disney's fiscal first-quarter earnings per share beat expectations and it said its full-year EPS will rise at least 20% from 2023. Iger also unveiled his strategy and timeline for bringing Disney's flagship sports network ESPN into the streaming era. AdvertisementThe company will launch a stand-alone streaming service with ESPN and its sister networks in the fall of 2025, something Iger called "inevitable." Even if there's consumer demand, the JV faces several hurdles, from challenges brought by existing distributors to antitrust opposition, LightShed Partners wrote in a note published ahead of Disney's earnings release. Challenges aside, the new sports streaming strategy is a big step forward for Iger and Disney.

Persons: —, Bob Iger's, Iger, Taylor Swift, Nelson Peltz, Bob Chapek's, Peltz's, Disney, Paul Verna, Alpha, LightShed, Iger didn't, Trian, Elon Musk, Gina Carano's, Iger's Organizations: Service, Disney, Epic Games, Peltz's Trian Fund Management, Blackwells, ValueAct, Business, Iger, Insider Intelligence, ESPN, Disney's, Fox, Warner Bros, JV, LightShed Partners, Marvel, CNBC Locations: Moana

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