Comcast is planning to spin off its NBCUniversal cable TV networks, including MSNBC and CNBC, to create a new company. This decision comes amidst challenges from streaming services like Netflix and Amazon Prime. The spinoff, expected to be completed in about a year, aims to position Comcast for growth while maintaining its control over NBC, film studios, and Peacock streaming. The new firm will be led by Mark Lazarus as CEO. This marks a significant shift in the media industry as cable viewership declines.