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Comcast plans to split its media and entertainment assets from its broadband business. The separation follows an earlier spin-off of its cable networks into a new company called Versant.
Comcast will separate its NBCUniversal media and entertainment assets from its broadband operations. The company said the move will allow each business to set its own strategy and attract different investors.
Comcast completed the spin-off of its cable television networks into a standalone company named Versant several months earlier.
Executives at other firms have previously pursued similar combinations and later reversed course. Comcast stated that its broadband unit faces competition from telecommunications providers offering their own internet services. The company also noted competition from satellite-based internet providers.
These outlets didn't split into competing frames — coverage was uniform.
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axios.comThe U.S. Supreme Court sent the Federal Reserve governor's removal challenge back to lower courts without ruling on the merits. President Trump had sought to remove Lisa Cook citing mortgage fraud allegations under federal law that limits removals to cases of cause.
sbs.com.auThe Supreme Court ruled 6-3 that the president can fire members of most independent agencies, overturning a 1935 precedent. The decision upheld the removal of a Federal Trade Commission member and is expected to affect other agencies including the Consumer Product Safety Commissi…
Breaking DefenseRomania signed an initial agreement to acquire six Spyder systems from Israel's Rafael. The deal forms the first phase of a framework valued at more than €2 billion and includes local production plans.