Comcast to split into two companies in major media shake-up

Comcast is splitting into two public companies, separating its media arm, NBCUniversal and Sky, from its core connectivity business. This strategic move aims to sharpen focus amidst industry shifts towards streaming and consolidation. Mike Cavanagh will lead the new media entity, while Michael Angelakis takes the helm of the remaining Comcast. The separation, expected within a year, has already boosted investor confidence.