spinoff

Their expectation is that Comcast will be better placed for growth after the spinoff.

The Philadelphia-based cable giant plans to unveil the spinoff as well as a new corporate structure for NBCUniversal on Wednesday morning, according to three people familiar with the matter who were not authorized to comment publicly.

The $7-billion spinoff comes as traditional media companies grapple with the diminishing value of what was once an economic pillar of the entertainment businesses.

The Wall Street Journal first reported news of the spinoff.

No foul play is suspected in the death of actor Cole Brings Plenty, who played Pete Plenty Clouds in Taylor Sheridan’s ‘Yellowstone’ spinoff ‘1923.’