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

Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.

Comcast is positioning itself for the next round of media industry merger and acquisition activity by spinning off NBCUniversal.

Mike Cavanagh will be the CEO of NBCUniversal and Comcast's former CFO Michael Angelakis will become the CEO of Comcast in the separation of its media and technology businesses.

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Brian Roberts lost out on an opportunity last year to merge NBCUniversal with Warner Bros. Discovery Inc. But the process ...

Comcast co-CEO's Brian Roberts and Mike Cavanagh reiterated that this split isn't about a sale, but Wall Street is already ...

Comcast announced Monday that it will separate its media and entertainment operations into a standalone publicly traded company.

Comcast announced a spin-off of NBCUniversal prompting the stock to skyrocket early Monday. The new company will be a new ...

Communications giant Comcast is planning to split itself into two: one media-centered business that would include brands like NBCUniversal and Sky and a separate company focused on broadband and ...

Entertainment arm to split from mobile and broadband in move that raises questions over future of Sky News ...