NBCUniversal CFO Anand Kini will become CFO and COO of the new channels company, helping Lazarus develop "an independent strategy" and establishing it "as a potential partner and acquirer."

Comcast has formally unveiled plans to spin out most of its linear cable networks (except Bravo) to shareholders in a separate company, a move that President Mike Cavanagh said puts all of NBCUniversal “on a new growth trajectory.

Comcast is spinning off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.

The US media giant announced plans on Wednesday to spin off the bulk of its cable network channels — including CNBC, MSNBC, Universal Kids, USA Network, E!, Oxygen, Golf Channel, and Syfy — into a separate company. Comcast will retain its reality TV darling Bravo and the Peacock streaming service within its NBC TV business.

Comcast said Wednesday that it is planning to spin off its NBCUniversal cable TV networks, including channels like MSNBC, CNBC, and E!, carving out a business that has been hurt by cord cutting and the rise of streaming.

Comcast has announced plans to spin off select cable networks and digital assets into a separate publicly traded company. Here's what you need to know.

Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. This bold spin-off strategy could set a precedent for how other media companies treat their cable channels.

Comcast to spin off cable channels MSNBC, USA as ‘cord cutting’ grows - The shift comes as more and more people opt for streaming services over traditional cable