An insider tells TheWrap that MSNBC and CNBC throw off $1 billion in profit, leaving dry powder for the new company to invest ...

As Comcast readies a sale of its legacy media outlet, the rightwing billionaire has mused about an acquisition.

Whatever they end up being called, CNBC and MSNBC, plus existing carriage deals in place for the entertainment assets, should ...

Mark Lazarus described the new spinoff as entrepreneurial and flexible, one staffer said. The mood at the company seemed ...

Space and electric car tycoon Elon Musk shared a bawdy meme on his X platform that joked about tapping into his deep pockets ...

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, ...

Comcast’s spinoff of its properties signals the accelerating decline of traditional TV—and a brutal reckoning for the media ...

Comcast's decision to spin off most of its cable networks has split NBCUniversal linear networks' into two groups. Here is ...

Comcast will move cable news channels CNBC and MSNBC, along with other TV brands, into a new company tentatively named SpinCo ...

The spinoff company will be "comprised of a strong portfolio of NBCUniversal's cable television networks, including USA ...

MSNBC "needed" to keep the anchor after parent company Comcast announced plans to spin off several NBCUniversal channels, one ...

Should Musk want to do something similar, he's certainly not hurting for funds. The SpaceX owner's net worth ballooned to ...