Comcast Explores Spin-Off Amid Revenue Growth

Comcast is exploring the potential spin-off of its cable networks, including MSNBC, CNBC, and Bravo, into a separate, publicly traded entity, excluding NBC and the Peacock streaming service, to focus more on broadband and streaming. This comes as Comcast reported a 6.5% increase in third-quarter revenue to $32.1 billion, driven by strong performance from the Paris Olympics and successful box office releases. Comcast added 3 million Peacock subscribers in the quarter, despite losses in broadband and cable TV customers. The company experienced a 5.3% decline in its theme parks business but plans to open a new park in Florida next year. Comcast's strategic focus on broadband and streaming seeks to position it better for future growth amid a shifting media landscape.