Too Much TV: Your TV Talking Points For Thursday, October 31st, 2024

Comcast: Maybe those cable networks aren't a core of our business after all.

Here's everything you need to know about the world of television for Thursday, October 31st, 2024:

COMCAST: MAYBE THOSE CABLE NETWORKS AREN'T A CORE BUSINESS AFTER ALL
The big news that came out of today's Comcast earnings call was that President Mike Cavanaugh said the company was considering a plan to spin Comcast's cable networks off into a separate company.

“Like many of our peers in media, we’re experiencing the effects of the transition of our video business and have been studying the path forward for these assets,” Cavanagh said. “To that end, we are now exploring whether creating a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks would position them to take advantage of opportunities in the media landscape and create value for our shareholders.”

A new cable-network company would be owned by Comcast shareholders and wouldn’t include other assets in the company’s NBCUniversal unit, such as the NBC broadcast network, the …