Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

Comcast is spinning off its NBCUniversal entertainment and media assets into a separate publicly traded company.

Comcast's NBCUniversal split should not disrupt Peacock or Xfinity right away, but it signals a deeper break between internet service and streaming perks as the old cable bundle loses power.The Latest ...

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“We see a real opportunity to invest and build additional scale and I'm excited about the growth opportunities this transition will unlock," Mark Lazarus, who will lead the new firm, promised. By ...

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