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Deadline.com is reporting that during their earnings call this morning, Comcast President Mike Cavanagh stated that they are looking into potentially spinning off their cable networks into a separate entity.
“Like many of our peers in media, we’re experiencing the effects of the transition of our video businesses and have been studying the best path forward for these assets,” Cavanagh said. “To that end, we are now exploring whether creating a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks would position them to take advantage of opportunities in the media landscape and create value for our shareholders. We are not ready to talk about any specifics yet, but we’ll be back to you as and when we reach firm conclusions.”
Those networks would include the USA Network and Syfy, both homes of WWE programming at different periods. USA currently broadcasts Raw through January and Smackdown for the nexr several years.
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