Comcast Corp is planning to spin off a large part of its NBCUniversal’s cable TV channels into a separate publicly traded company (SpinCo).

NBCU execs past and present feel a bit resigned to the fact that the halcyon days of cable TV are over, and that it's all about managing a slowly dying business at this point. No

Comcast is restructuring its portfolio by spinning off a group of NBCUniversal’s cable networks and digital assets into a new independent, publicly traded company. The move, announced Wednesday, includes channels such as MSNBC,

Comcast just jump-started a new season of major change across the television industry. And no one quite knows what will happen next.

Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a Comcast is spinning off NBCUniversal’s cable television networks into a separate publicly traded company.

Comcast is officially cutting the cord on most of its cable networks. The company announced a plan Wednesday that will offload the bulk of NBCUniversal’s financially challenged cable portfolio — excluding Bravo — into a new entity owned by Comcast shareholders.

Comcast officially announced its plans for a spinoff company comprised of NBCUniversal's cable TV networks and more on Wednesday.

Comcast's decision to spin off cable networks like MSNBC and CNBC aims to free up cash, but may invite more competition. Read why CMCSA stock is a Sell.