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Media

Comcast’s cable network spinoff may be a signal to the media industry for necessary change

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Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a…

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Comcast will announce the spinoff of cable networks Wednesday, sources say

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The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spinoff of its cable network channels,…

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Disney doesn’t plan to change its TV networks portfolio anytime soon

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Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least…

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Disney earnings offer hope that streaming can successfully supplant linear TV

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The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesDisney might be proving the…

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Disney and James Gorman hope to foolproof the process to find Bob Iger’s successor

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Disney is counting on incoming board chairman James Gorman to deliver an ironclad system to identify the best possible successor for CEO Bob Iger. Given Gorman's track record, some board…

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Deadline extended: Nominate a leader for CNBC’s second annual Changemakers list of women transforming business

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CNBC is now accepting nominations for our second annual Changemakers list.The list recognizes women transforming business and philanthropy, female leaders who have accomplished a meaningful achievement in 2024. The goal…

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Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump

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Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter.It marked the biggest quarterly growth for…

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Comcast tops earnings estimates as Olympics propel the company

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Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal's revenue and Peacock's subscriber count. Shares of Comcast gained 6% in early trading Thursday.Here is how…

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Comcast is exploring separation of cable networks business

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Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday.During the company's third-quarter earnings call with investors, Cavanagh said the company is exploring creating "a…

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Marc Benioff is in talks to sell media company Time to Antenna Group

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Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023.Dimitrios Kambouris | Getty ImagesGreek media company the Antenna Group is…