Comcast to split NBCUniversal and Sky into separate public company

Comcast has announced plans to divide itself into two independent publicly traded companies, separating its media assets — NBCUniversal and Sky — from its core connectivity business. The decision reflects a strategic response to ongoing industry shifts driven by streaming growth and sector-wide consolidation. Mike Cavanagh will head the newly formed media company, while Michael Angelakis will lead the restructured Comcast. The split is expected to be completed within a year. News of the separation has already generated a positive response from investors.