The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.

Comcast is positioning itself for the next round of media industry merger and acquisition activity by spinning off NBCUniversal.

Mike Cavanagh will be the CEO of NBCUniversal and Comcast's former CFO Michael Angelakis will become the CEO of Comcast in the separation of its media and technology businesses.

Brian Roberts lost out on an opportunity last year to merge NBCUniversal with Warner Bros. Discovery Inc. But the process ...

Investors cheered the news of the spinoff, sending Comcast's share price up as much as 17% during Monday's trading session.

Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

Comcast spent 25 years arguing that media and broadband belonged together. Now it's breaking them apart.

Comcast announced Monday that it will separate its media and entertainment operations into a standalone publicly traded company.

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Comcast co-CEO's Brian Roberts and Mike Cavanagh reiterated that this split isn't about a sale, but Wall Street is already ...

Communications giant Comcast is planning to split itself into two: one media-centered business that would include brands like NBCUniversal and Sky and a separate company focused on broadband and ...