Early trading suggests the cable-network spinoff is being valued conservatively, a signal that could matter in the Warner Bros. Discovery takeover battle.

Comcast Revamps Xfinity TV Plans: 4K for All, No Contracts, No Extra Equipment Fees

The historic sundering of NBC from a portfolio of cable networks that have girded it for years will take place early next year. Comcast, NBC’s corporate parent will on January 2 spin off MSNBC, CNBC and a group of other businesses into a new company called Versant,

Comcast's Board of Directors approved the separation of the company’s cable television networks and complementary digital platforms from its remaining businesses to create an independent, publicly traded company called Versant Media Group in early January.

Amazon’s Luna cloud gaming service is coming to cable boxes from Comcast and Rogers. The Luna app is already available via web browsers, Fire TV devices, Fire tablets, and many smart TVs from Samsung and LG, and this new expansion will bring the service to “millions” more devices, according to Amazon.

Comcast spins off Versant Media, offering strong cash flow and value. Click here to learn about CMCSA's outlook, valuation, and spinoff strategy.

Comcast president and soon to be co-CEO Mike Cavanagh, in a postmortem of the company’s flirtation with buying Warner Bros., said the company’s offer was “light on cash” relative to bids by rivals Netflix and Paramount and “we didn’t expect that we had a high likelihood of prevailing with a deal that made sense to

Comcast, which offers cable TV, phone, and internet services under its Xfinity brand, is doubling down on luring back cable TV customers who have increasingly cut the cord on service after the company enforced harsh changes that raised monthly bills.

Charter has made good on its promise to bring its regional Spectrum News channels to Xfinity TV customers in several states.