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

Comcast brass presented the deal, which will see it spin off nearly all of its cable networks into a separate entity headed ... And what do they do in terms of non-television revenues, things like events, things like communities." Elsewhere, others inside ...