PC-Political Correctitude

MSNBC parent Comcast weighs spin-off of declining cable networks

New York Post–NBC-parent Comcast is exploring spinning of its struggling cable networks business, including left-leaning MSNBC, President Mike Cavanagh said Thursday.

Cavanagh revealed during the third-quarters earnings call that the media giant is mulling the creation of a “new, well-capitalized company owned by our shareholders and comprised of our our strong portfolio of cable networks.”

The cable networks include MSNBC, CNBC, Bravo, E!, Syfy, USA Network and Oxygen True Crime.