Philadelphia-based Comcast plans to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky.
The move creates one company focused on media and entertainment assets and another focused on broadband and wireless.
NBCUniversal includes a theme parks division, Universal film and television studios, NBC and Telemundo networks, Peacock, and Bravo.
Comcast co-CEO Mike Cavanagh will become the CEO of NBCUniversal.
Comcast will continue providing internet services.
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