Comcast eyes NBCUniversal cable spinoff
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 20 November 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers Wednesday: POWL, KEYS, and more
Adtech firm PubMatic to help Musk's X generate more ad dollars
JPMorgan’s ‘Analyst Focus List’ – growth, income, value, short ideas
Biden approves antipersonnel mines for Ukraine to slow Russia's advances - report
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, November 20th. I'm Julie Morgan. |
| 0:13.0 | Comcast is set to make a big announcement as soon as today. |
| 0:17.0 | Stalantis is facing a delay, and the food on some flights on Delta Airlines just got a little more |
| 0:24.0 | tasty. Comcast is expected to announce today that it is moving ahead with a plan to spin off |
| 0:30.8 | its NBC Universal cable TV networks. Comcast is up 2.3% in pre-market action. Comcast, which said it was evaluating a |
| 0:40.8 | spinoff last month, will separate entertainment and news channels, including MSNBC, CNBC, USA, Oxygen, E, |
| 0:50.3 | sci-fi, and the Golf Channel. The Wall Street Journal first reported this on Tuesday, citing people |
| 0:55.8 | familiar with the matter. The tax-free spinoff will take about a year to complete. The networks being spun |
| 1:01.9 | generates $7 billion in annual revenue. Bravo, the Peacock Streaming Service, and the NBC Broadcast Network |
| 1:09.1 | will remain with the parent company, according to the report. |
| 1:13.0 | The report also said that Mark Lazarus, currently the chairman of NBC Universal's media group, |
| 1:19.1 | will be named CEO of the new venture, and the company's current CFO will be the CFO and |
| 1:24.7 | operating chief of the new company. |
| 1:28.0 | Stalantis has pushed the launch of its RAM all-electric pickup truck from this year to the first half of 2025. |
| 1:35.2 | The CEO said this is to ensure quality as the automaker juggles several EV launches like the Dodge Charger Daytona and Jeep Wagonier S. |
| 1:44.1 | He said during a press conference that they're facing a very significant amount launches like the Dodge Charger Daytona and Jeep Waggoner S. |
| 1:49.2 | He said during a press conference that they're facing a very significant amount of workload and they want to be very prudent in the way they validate the products. |
| 1:53.4 | Stalant is previously expected to launch the RAM 1500 REV in Q4, 2024. |
| 1:59.9 | Its extended version, the RAM Charger is scheduled to roll out in Q4, 2024. Its extended version, the RAM charger, |
| 2:01.6 | is scheduled to roll out in Q1, 2025. |
| 2:05.6 | The CEO's statements followed the company |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.