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CMCSA
New York Post
7 hrs

NBC News to lay off London bureau staff ahead of divorce from MSNBC, CNBC: report

1. NBC News begins layoffs as part of restructuring before its split from MSNBC. 2. Deeper job cuts are anticipated, causing anxiety within NBC News staff. 3. Comcast plans to spin off cable assets into a new company, Versant. 4. Versant will focus on digital growth while NBCUniversal retains streaming and studios. 5. NBC reported $7 billion in revenue but faces declining cable profits.

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$30.410/02 04:45 PM EDTEvent Start
$30.410/02 11:21 PM EDTLatest Updated
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FAQ

Why Bearish?

The layoffs indicate financial instability within NBC News, which may affect Comcast's broader business.

How important is it?

The restructuring and layoffs signal instability, directly affecting investor confidence in CMCSA.

Why Short Term?

Layoffs and restructuring are immediate concerns that could impact stock prices shortly.

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