Comcast names insider Michael Cavanagh to serve as co-CEO with Brian Roberts ahead of cable spinoff
1. Comcast appoints Michael Cavanagh as co-CEO to lead restructuring efforts. 2. NBCUniversal cable networks will be spun off into new company Versant. 3. Restructuring includes management cuts and job eliminations in core business units. 4. Company aims to enhance competitiveness against wireless telecom providers. 5. National pricing and bundled packages are introduced to attract customers.