Oh, you poor babies. MSNBC hate mongers crying the blues. Where will we go?
Comcast officially announced on Wednesday it would spin off several NBCUniversal cable networks, including MSNBC, in a move that will dramatically shake up the landscape of legacy media as the liberal cable outlet will no longer be affiliated with NBC News.
Ratings have tanked and it seems as if Comcast will no longer continue to use their billions to keep this sinking ship.
The assets set to make up SpinCo generated roughly $7 billion in revenue over the last 12 months (But what was the profit margin, if any?) and Comcast hopes to complete the spinoff project in a year. The Wall Street Journal reported Tuesday that Comcast is guessing NBCUniversal’s other assets in broadcast TV, sports, movies and theme parks would have higher growth potential going forward.
