Comcast announces plan to spin off TV networks including MSNBC, CNBC to play 'offense' in new media landscape
The yet-to-be-named SpinCo will house most of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY, and Golf Channel. Those networks collectively generated approximately $7 billion in revenue over the 12 months ended Sept. 30, Comcast said in its announcement.