From NBCUniversal to 'SpinCo': Coping with Cable Changes

Next year, Comcast will split NBCUniversal’s cable networks into a new company. Why the change and how will it affect NBCU’s sports coverage? Let’s look into it. After some bumps from Covid and host cities, the Olympics bounced back in Paris last year. More success is expected in the future. But soon, NBCUniversal might face new challenges. Their parent company, Comcast, is planning to split NBCU’s cable networks into a separate, publicly traded business. It’s a big move that might shake things up. NBCU will have to adapt. Around 75% of the new company’s content will be news and sports, according to BofA Securities. Staff from MSNBC and CNBC are already thinking about changes. They might need new ways to use NBC News resources. The same could happen for sports content on channels like USA and Golf Channel. Changes are coming to leadership too. Mark Lazarus, who knows sports media well, will lead the new company, ‘SpinCo’. Matt Strauss will oversee more areas, including NBC Sports. Wall Street isn’t too excited about the split, but some experts think experienced leaders like Lazarus and Anand Kini could help the new company succeed. What about the Olympics? NBC might keep it on their main network to boost ratings. Or, they could license content to the new company. There are also big questions about sports and streaming. Cord-cutting trends mean fewer people watch cable. But sports can attract viewers who stick around, which is good for streaming services. The new company needs to figure out its sports strategy. Will it work with partners like the PGA, NASCAR, and the WNBA? How will it handle sports-adjacent shows like WWE SmackDown? These are big questions for the future.