The company’s initial public offering is one of the most ascendant ever. And it couldn’t have happened at a better time.
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For years, traditional cable had one trump card against the upstart streamers devouring their business: live programming. Not anymore.
In 2024, legacy media giants like Disney and NBCUniversal finally had enough with cable — and started making their own off-ramps.
Comcast’s president floated the idea that the telecom giant and NBCUniversal parent company might spin off its portfolio of cable channels.