Comcast says it plans to split into 2 companies, spinning off NBCUniversal and Sky

TL;DR

Comcast will split into two companies: a new media company comprising NBCUniversal and Sky, and the remaining Comcast business focused on broadband and wireless.
The separation is a tax-free spinoff designed to enable independent strategies, growth investment, and shareholder value creation for both entities.
The new NBCUniversal will include Universal theme parks, NBC, Sky, Peacock, Universal film and TV studios, and other networks.
The remaining Comcast business will house Xfinity, Xfinity Wireless, and Comcast Business.
Comcast co-CEO Mike Cavanagh will lead NBCUniversal, while former CFO Michael Angelakis will become CEO of Comcast.
Comcast will maintain a 19.9% ownership in NBCUniversal, with the separation expected within 12 months.

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