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Sky to Join Standalone NBCUniversal Company Under Comcast Split. Comcast has announced plans to split its business into two publicly traded companies, Placing NBCUniversal and Sky into a standalone media and entertainment group while retaining its broadband, wireless and connectivity operations in the remaining Comcast business. The restructuring is designed to give both companies greater strategic focus as traditional media companies face pressure from streaming competition and shifting consumer habits .Sky will continue to sit alongside NBCUniversal's portfolio, including Universal Studios, Peacock, NBC and other entertainment assets, under the leadership of Mike Cavanagh. Meanwhile, the remaining Comcast business will concentrate on its core communications operations, with former chief financial officer Michael Angelakis set to become chief executive. Existing Comcast shareholders will receive shares in both companies, while Comcast plans to retain a minority stake in the new NBCUniversal business for up to a year. The tax-free spin-off is expected to be completed within the next year, subject to regulatory and board approvals.
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