The company’s president, Mike Cavanagh, said the company was also considering finding a partner for its Peacock streaming service.

Comcast Corp. said it’s considering spinning off its cable networks into a new company as it grapples with the continuing industry-wide decline in subscribers.

Comcast is considering spinning off NBCUniversal's portfolio of cable networks into a new publicly traded company, president Mike Cavanagh said.

Comcast said it was considering spinning off its cable networks that include CNBC and MSNBC into a separate company, as the media industry grapples with a decline in traditional TV viewership due to cord-cutting by consumers shifting to streaming.

Comcast on Thursday said in its third-quarter earnings call that it is considering spinning off its cable network portfolio into a separate company.

In a sign of the growing challenges facing traditional pay television, Comcast is looking to spin off its linear cable networks to focus on streaming and broadband. After years of investor anticipation,

Comcast is contemplating the prospect of spinning off its cable networks into its own, standalone company, writes Ryan Mulligan for the Philadelphia Business