Comcast plans to split into two public companies by spinning off NBCUniversal and Sky

Comcast plans to split into two publicly traded companies by spinning off NBCUniversal and Sky. The separation aims to let each entity pursue strategic priorities and create shareholder value, with Mike Cavanagh leading NBCUniversal and Michael Angelakis becoming CEO of the new Comcast. Shareholders will own shares in both companies after the transaction, expected to complete in about a year.