Business
Thursday, 7/9, 10:52 PM
Comcast Moves to Split Off NBCUniversal, Ending a Convergence Bet
- Comcast is separating much of its NBCUniversal media empire from its cable and broadband business, splitting into two companies.
- It is an unwinding of the 2011 bet that owning both content and the pipes to deliver it was the future, a logic that the rise of streaming has undone.