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.

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

Following quickly on the heels of spinning off Versant Media earlier this year, Comcast is now off-loading NBCUniversal, carrying with it more questions than answers.

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

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

Comcast originally bought NBCUniversal in 2011 to capitalize on both the service and its content. This included media outlets ...

Almost as soon as the two companies announced a split, analysts rushed to consider potential merger and acquisition targets ...

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 ...

Comcast announced Monday that it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky. The move will separate Comcast’s media and entertainment assets from its ...