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Comcast CMCSA -0.19%decrease; red down pointing triangle announced Wednesday that it is moving forward with a plan to spin off its NBCUniversal cable TV networks, acknowledging that it will be better off without a business that was once its crown jewel.
The company, which last month said it was studying the idea, will separate off entertainment and news channels including MSNBC, CNBC, USA, Oxygen, E!, Syfy and Golf Channel.