Comcast, a leading media and entertainment company, announced plans to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The company believes that each company will be better positioned to pursue its own strategic priorities, invest for growth, and create long-term shareholder value as independent entities.
Leadership Changes
Comcast co-CEO Mike Cavanagh will become the CEO of NBCUniversal, while Comcast’s former Chief Financial Officer Michael Angelakis will become the CEO of Comcast following the completion of the separation. Comcast Chairman and co-CEO Brian Roberts will continue to be actively involved in the leadership of both companies.
Once the transaction is complete, Comcast shareholders will own shares in both Comcast and NBCUniversal. The separation is expected to be completed in about a year and is subject to regulatory approvals.
Original reporting: KTBS 3 (Shreveport) — read the source article.
