business
Comcast says it plans to split into 2 companies, spinning off NBCUniversal and Sky
By Aimee Picchi at CBS Texas (KTVT) DFW
· June 29, 2026
· 3 min read
Comcast said Monday it will split into two companies by spinning off NBCUniversal and Sky into a separate media company, leaving its broadband and wireless businesses under Comcast.In a statement, the media company said the tax-free spinoff will allow each business to pursue its own strategy, inv...
Key takeaway In a statement, the media company said the tax-free spinoff will allow each business to pursue its own strategy, invest for growth and create shareholder value.
Why this matters in Southlake News
The planned split of Comcast into two companies will have significant implications for the Dallas-Fort Worth area, where the company has a substantial presence. As Comcast focuses on its broadband and wireless businesses, including Xfinity and Xfinity Wireless, the impact on local customers and employees will be worth watching. The separation of NBCUniversal, which includes Universal theme parks and networks like NBC and Telemundo, may also affect the local entertainment and media landscape. With the new NBCUniversal spinoff potentially pursuing mergers and acquisitions, it will be interesting to see if any local media assets are involved in future deals. Additionally, the potential merger between Comcast and Charter, as suggested by analyst Vikash Harlalka, could lead to changes in the local cable market, affecting pricing, services, and employment in the region. As the situation unfolds, local residents and businesses will be keeping a close eye on how these developments shape the local media and telecommunications industry.
About this story
Original reporting by CBS Texas (KTVT) DFW . Southlake News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS Texas (KTVT) DFW . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 29, 2026 ·
Source: CBS Texas (KTVT) DFW ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? Comcast said Monday it will split into two companies by spinning off NBCUniversal and Sky into a separate media company, leaving its broadband and wireless businesses under Comcast.In a statement, the media company said the tax-free spinoff will allow each business to pursue its own strategy, inv...
When was this published? This article was first published on June 29, 2026 by CBS Texas (KTVT) DFW and curated for Southlake News readers.
Who reported this story? This story was reported by Aimee Picchi at CBS Texas (KTVT) DFW. To learn more about how Southlake News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Southlake News, or browse our daily briefing and topic hubs .
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