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International Business Times
International Business Times
Luke Funk

FOUND: Comcast offloads cable channels into new company called spinco | Mind Blowing Facts

The Comcast NBC logo is shown on a building in Los Angeles, California. (Credit: Reuters / MIKE BLAKE)

Comcast has announced Wednesday its intent to create a new publicly traded company comprised of many of NBCUniversal's cable television networks into a new company called SpinCo.

The affected channels include USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel along with complementary digital assets including Fandango and Rotten Tomatoes, GolfNow and Sports Engine.

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