CMCSA jumped 7% on news of Comcast's planned split into two public companies, separating NBCUniversal from cable after a 46% five-year stock decline.
Peacock's $432 million quarterly EBITDA loss and structural broadband competition raise doubts about whether a split alone can reverse Comcast's multi-year decline.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Comcast didn't make the cut. Grab the names FREE today.
A CNBC segment reported that Comcast (NASDAQ:CMCSA) plans to separate its media and cable/technology operations into two publicly traded companies, with Mike Cavanaugh leading NBCUniversal and Michael Angelakis returning as CEO of the cable business. The hosts framed the announcement against Comcast's multi-year stock slide and questioned whether earlier moves, including the Sky acquisition, justified their cost.
The CNBC panel framed the breakup as a strategic reset after years of disappointing stock performance. On air, the hosts noted that Comcast shares traded near $60 in 2021, making today's price of about $25.22 on June 29 less than half of where the stock stood several years ago. Comcast shares are down about 23% over the past year and nearly 46% over the past five years.
Peacock's $432 million quarterly EBITDA loss and structural broadband competition raise doubts about whether a split alone can reverse Comcast's multi-year decline.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Comcast didn't make the cut. Grab the names FREE today.
A CNBC segment reported that Comcast (NASDAQ:CMCSA) plans to separate its media and cable/technology operations into two publicly traded companies, with Mike Cavanaugh leading NBCUniversal and Michael Angelakis returning as CEO of the cable business. The hosts framed the announcement against Comcast's multi-year stock slide and questioned whether earlier moves, including the Sky acquisition, justified their cost.
The CNBC panel framed the breakup as a strategic reset after years of disappointing stock performance. On air, the hosts noted that Comcast shares traded near $60 in 2021, making today's price of about $25.22 on June 29 less than half of where the stock stood several years ago. Comcast shares are down about 23% over the past year and nearly 46% over the past five years.
1 month ago
