Comcast Announces Plans to Separate Media and Technology Businesses Into Two Leading Public Companies

About this update from Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) today announced its intention to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Upon completion of the transaction, Comcast shareholders will own shares in both Comcast and NBCUniversal, creating two focused industry leaders, each with significant scale, strong financial profiles and distinct strategic opportunities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260628400752/en/Brian L. Roberts, Chairman and Co-Chief Executive Officer of Comcast Corporation The proposed separation reflects Comcast's track record of positioning its businesses to compete and win in rapidly changing markets. As technological innovation, consumer behavior and competitive dynamics continue to reshape both media and communications, Comcast's Board and management team believe each company will be better positioned to pursue its own strategic priorities, invest for growth and create long-term shareholder value as independent entities. Brian L. Roberts will continue to be actively involved in the leadership of Comcast and NBCUniversal, working in partnership with the CEOs of both companies. Mike Cavanagh will be the Chief Executive Officer of NBCUniversal and Comcast’s former Chief Financial Officer Michael Angelakis will become the Chief Executive Officer of Comcast, following completion of the separation and in the interim will join as a Strategic Advisor. Comcast is a leading technology company serving residential and business customers through its broadband, wireless and entertainment platforms. Comcast will focus on delivering exceptional customer experiences backed by the nation's largest converged network, reaching more than 65 million homes and businesses, its intelligent fiber network architecture and global technology platforms. With one of the nation's fastest-growing wireless businesses, the industry’s leading business services platform and substantial free cash flow generation, Comcast is well-positioned for long-term growth. NBCUniversal is a premier global media and entertainment company, anchored by its growing theme parks division, Universal film and television studios, NBC and Telemundo networks, Peacock, and Bravo. In addition, NBCUniversal’s global portfolio will include Sky, our European media business...

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