Details of the planned spin firstemergedTuesday night, and the companymade it officialearly today.
Investors have yearned for exactly this, or at least something close to it, for years.
Every aspect of the businesses Comcast wants to sell benefit from scale, Wieser wrote.
A Comcast NBCUniversal building in Universal City, CARonen Tivony/SOPA Images/LightRocket via Getty Images
The simple reason: cord-cutting.
Legacy Media is in perpetual decline, he wrote in a note to clients.
Most of the larger companys profit comes from the broadband business, not traditional linear TV.
