Comcast spinoff sparks latest US media shakeup

Comcast's decision to spin off its NBCUniversal and Sky businesses marks the latest effort by a major U.S. entertainment company to separate ​or reshape legacy television assets as cord-cutting accelerates and streaming ‌upends the industry.

The move follows years of sweeping strategic overhauls across the sector, with companies pursuing mergers, breakups, asset sales and lowered spending to sharpen focus ​and compete more effectively in an increasingly digital media landscape.

-Reuters