Comcast to split into two companies, spin off NBCUniversal and Sky

BREAKING NEWSUpdated 2 minutes agoBusiness NewsBusiness NewsComcast to split into two companies, spin off NBCUniversal and SkyThe move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.Listen to this article with a free profile00:0000:00A Comcast corporate logo at the top of 30 Rock in Rockefeller Center in New York City in 2023. Gary Hershorn / Getty ImagesShareAdd NBC News to GoogleJune 29, 2026, 6:20 AM EDT / Updated June 29, 2026, 6:22 AM EDTBy Alexander SmithComcast announced Monday that it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky, the British broadcaster it bought in 2018.Limited time: Save 25% on NBC News subscriptionGet exclusive reporting, live Q&As and ad-free reading.The move will separate Comcast’s media and entertainment assets from its broadband and wireless business.“Upon completion of the transaction, Comcast shareholders will own shares in both Comcast and NBCUniversal, creating two focused industry leaders, each with significant scale, strong financial profiles and distinct strategic opportunities,” Comcast, the parent company of NBC News, said in a statement.“Comcast’s board and management team believe each company will be better positioned to pursue its own strategic priorities, invest for growth and create long-term shareholder value as independent entities,” it said.It follows the spin-off of other cable networks previously owned by Comcast, including MSNBC (now MS Now) and CNBC, into a new separate company, Versant.This is a breaking story. Please check back for updates.ShareAdd NBC News to GoogleAlexander SmithAlexander Smith is a senior reporter for NBC News Digital based in London.Steve Kopack and Reuters contributed.