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

Comcast is splitting from its NBCUniversal television arm as the market of cable TV customers shrinks in the age of cord-cutting and TikTok. The US media giant announced plans on Wednesday to spin off the bulk of its cable network channels — including CNBC,

Comcast is moving forward with the spinoff of its cable networks, including CNBC, MSNBC and E!. The spinoff is expected to take about a year, according to a company memo. Bravo is not part of the spinoff.