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Analyst Green-Lights Comcast Spinoff: How CMCSA's Restructure Plan Could Unlock Significant Shareholder Value

Benzinga ·  Nov 21 08:27

Analysts are seeingComcast Corp's (NASDAQ:CMCSA) plan to restructure its media empire as a positive for investors.Craig Moffett, the senior managing director at MoffettNathanson has said that "investors have yearned for this" and carving off the cable television business will be good for its growth prospects.

He also said how the decline in the cost of capital to set up the cable infrastructure, is the only revolutionary aspect of this sector because building fiber in lower-density areas was "enormously expensive."

What Happened:Comcast Corp will be spinning off most of its cable television networks including MSNBC...

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