The move is designed to position NBCUniversal for future growth, jettisoning the assets that are dragging down share value and structuring the spinoff, temporarily called SpinCo, to drive a cash-flow business for as long as cable can hang on.

Comcast’s decision to spin off most of its cable networks has split NBCUniversal’s linear networks into two groups, with NBC and Bravo (as well as Spanish-language broadcaster Telemundo) staying within Comcast alongside streamer Peacock and the TV studios,

Comcast plans to spin off NBCUniversal's cable networks into a separate, publicly traded company, the company said Wednesday. Why it matters: The move will allow NBCUniversal to focus on higher growth opportunities,

Should Musk want to do something similar, he's certainly not hurting for funds. The SpaceX owner's net worth ballooned to nearly $350 billion this week following Trump’s reelection, a sign that his tens of millions in campaign contributions may have paid off.

Elon Musk has teased the idea of buying the liberal TV network MSNBC. Musk floated the idea on social media, responding to a post on X shared by Donald Trump Jr. that said Comcast was putting the network up for sale.

Comcast will move cable news channels CNBC and MSNBC, along with other TV brands, into a new company tentatively named SpinCo.