It's Jim Kramer here.

You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. All right, good Thursday morning. Welcome to Squack on the Street. I'm Scott Wapner with Jim Kramer. Post 9 at the New York Stock Exchange. David is on assignment. Carl has the morning off. I want to show you what futures are doing right now, digesting a whole bevy of earnings this morning. We would

be lower a drag from both Ameta and Microsoft. And we are going to begin, though, with that story

that Squackbox was just covering this news, developing around our parent company Comcast. And for

that, let's bring in who else, our own David Faber, who's going to give us more.

David is on the phone. But David, what do you know here?

You know, Scott, of course, a busy day for everybody here, and you guys got a lot to get to.

But certainly this is something that I guess many shareholders of Comcast and others in the entertainment industry and cable networks

industry would have anticipated as a possibility. What we know is all at this point is what was just

said by Mike Kavanaugh, who runs MBSO on the conference call for what also were, by the way,

fairly strong earnings for Comcast and getting a good response in the stock market, at least in the

early going, obviously, before trade.

But he said that the company is exploring whether by creating a new, and this is an important

usage or well-capitalized company owned by shareholders, so spun off to shareholders,

and comprised of a strong portfolio of cable networks, would position them to take advantage of opportunities

in the changing media landscape and create value. So what are they saying? Or they're saying that

they're at least exploring, and my understanding is it is very early here. They chose to say it on

the call as a result of the fact that it most likely would have leaked. And so they're even at the

point where it's not clear

to me that they've hired advisors, for example, but they are exploring the possibility of

spinning off all of the cable networks, including, by the way, the one that we work for. But you're

talking USA, Bravo, E, Oxygen, CNBC, MSNBC, the Golf Channel Channel, into a new well-capitalized company that would then be

...