Comcast to Split Into Two Public Companies as NBCUniversal and Cable Go Separate Ways

A CNBC conception reported that Comcast (NASDAQ:CMCSA) plans to abstracted its media and cable/technology operations into 2 publically traded companies, with Mike Cavanaugh starring NBCUniversal and Michael Angelakis returning arsenic CEO of the cablegram business. The hosts framed the announcement against Comcast's multi-year banal descent and questioned whether earlier moves, including the Sky acquisition, justified their cost.

Why Comcast Is Splitting Up

The CNBC sheet framed the breakup arsenic a strategical reset aft years of disappointing banal performance. On air, the hosts noted that Comcast shares traded adjacent $60 successful 2021, making today's terms of about $25.22 on June 29 less than half of wherever the banal stood respective years ago. Comcast shares are down astir 23% implicit the past twelvemonth and astir 46% implicit the past 5 years.

The hosts besides compared the determination with Comcast's earlier Versant Media spinoff, noting that Mike Cavanaugh has described today's challenges arsenic adjacent greater. They argued that bringing Michael Angelakis backmost to pb the cablegram concern gives Comcast an experienced enforcement to oversee what could beryllium a lengthy turnaround.

Can Two Companies Unlock More Value?

The divided would formalize a disagreement that has been widening wrong the company. The Connectivity & Platforms broadside anchors broadband, wireless, and Sky, portion NBCUniversal houses Peacock, Studios, and Universal Destinations. Comcast already completed the tax-free separation of Versant Media Group connected January 2, 2026, peeling disconnected astir cablegram TV networks.

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Q1 2026 results showed the 2 halves moving astatine antithetic speeds. Revenue was $31.457 billion, with Media up 60.8% connected the Milan Cortina Winter Olympics and Super Bowl LX, and Theme Parks up 24.2%. Residential Connectivity & Platforms gross fell 1.9%, though home broadband nett losses narrowed to 65,000 from 183,000 a twelvemonth earlier, and wireless added 435,000 nett lines to scope 9.7 million. Peacock paid subscribers reached 46 million.