Comcast is advancing with its spin-off of cable networks and other media assets, according to the company's president, Mike Cavanagh. This article, Comcast confirms it will spin off cable networks, Fandango,

US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon Prime.

Comcast's cable channel spinoff plan is prompting a restructuring that will give NBCUniversal Chief Content Officer Donna Langley more turf and a new home for longtime executive Mark Lazarus.