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X owner Elon Musk joked that he is open to buying MSNBC after Comcast announced that they would be spinning the once valuable media asset into a separate package before selling.
Comcast announced Monday that it will be merging a number of cable assets, including news assets like MSNBC and CNBC, into a separate publicly traded company.
The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain a number of NBCUniversal assets, including the Peacock streaming service, the NBC broadcast network, NBC News and the Bravo cable channel.
“The transaction will be structured as a tax-free spin to existing shareholders,” Comcast President Mike Cavanagh said in an internal memo. “While we don’t have a precise timetable for completing the transition, we are estimating that it will take approximately a year.”
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