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Comcast Bosses Say NBCU-Cable Separation ‘Absolutely Not’ Designed to Pursue M&A Deals; ‘We’ve Now Simply Changed Our Mind’ That the Businesses Are Better Together

Adrian Bogdan

More than 15 years ago, Comcast took its first steps toward taking over NBCUniversal . Now it’s unwinding the media business from the broadband and TV pipes, planning to spin off NBCU and Sky into a stand-alone entity . So what changed in the intervening years? Mike Cavanagh , Comcast co-CEO who is set to become chief exec of NBCU after it spins off, tried to explain the evolution of the company leadership’s thinking on a call with Wall Street analysts Monday morning. Apple Products Go on Rare

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