Comcast to Split Into Two Companies via Spin-Off of NBCUniversal, Including Sky

Georg Szalai and Alex Weprin for The Hollywood Reporter: In a major move that reshapes the media landscape, Comcast plans to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, the company said on Monday. […] [Comcast co-CEO Brian] Roberts, who controls the company, will continue to be “actively involved” in the leadership of Comcast and NBCUniversal, working in partnership with the CEOs of both companies, the company said. Current co-CEO Mike Cavanagh will serve as the CEO of NBCUniversal, while Comcast’s former CFO Michael Angelakis will become the CEO of Comcast, following the completion of the separation and in the interim will join as a strategic advisor. […] …Comcast says that it will retain a 19.9% stake in NBCUniversal, with plans to monetize it after the split in order to help it deleverage. That suggests that the company believes there will be interest in NBCU. It’s almost as though infrastructure and content…