MSNBC staffers are hitting the panic button after news Comcast plans to abandon the liberal news outlet from NBCUniversal.
In a shocking decision, Comcast announced it would spin most of its cable networks into a separate company. This move could drastically change the landscape of legacy media, as streaming appears to be the future. This move includes MSNBC, CNBC, USA, Oxygen, E!, SYFY, and the Golf Channel, a company separate from the NBC broadcast network.
Although the spinoff, temporarily dubbed “SpinCo,” won’t require approval from the Department of Justice (DOJ) or the Federal Communications Commission (FCC), the company will need to find a partner to make its way through the post-cable viewing environment. It is unclear whether the incoming Trump Administration will make it easy on the network.
During his radio show last week, Trump ally Steve Bannon unleashed an all-out-war on liberal cable news networks, warning them that they “better be worried” and to “lawyer up.”
“There are only two media entities that Donald Trump dislikes more than CNN. One is MSNBC, and the other is NBC,” Craig Moffett, founder of MoffettNathanson, said in a phone interview with CNN. […]
— Read More: townhall.com
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