New Street Analyst Says Comcast Should Separate Cable, NBCU Businesses
Comcast's cable side has enjoyed stable growth, while the prospects of its NBCUniversal business are less clear given media industry struggles with changing monetization models and new competition from deep-pocketed entrants, New Street Research analyst Jonathan Chaplin wrote investors Thursday.…
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He said a Comcast bid for Fox and Sky, conditioned on a spinoff of its cable business, would ease regulatory concerns about a Fox deal. NBCU/Fox "would be the most exciting asset in media" with its studios, channels, theme parks and consumer products, and Comcast Cable would have a clearer path to accelerated financial returns and potentially a merger with Charter Communications, Chaplin said. Comcast didn't comment.