Comcast said David Novak, a Comcast director, will become non-executive Chairman of the board of SpinCo upon completion of the spin-off, announced on March 19, 2025. The company said it expects the spin-off to be completed by the end of 2025.

1. 01

   Comcast said David Novak, a Comcast director, will become non-executive Chairman of the board of SpinCo upon completion of the spin-off, announced on March 19, 2025. The company said it expects the spin-off to be completed by the end of 2025.

2. 02

   The company said Novak will vacate his current Comcast board seat when he assumes the SpinCo chairmanship. He has served on the Comcast board since December 2016, the company said.

3. 03

   The company said SpinCo will consist of cable networks including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel, along with digital assets including Fandango, Rotten Tomatoes, GolfNow and SportsEngine.

4. 04

   SpinCo's assets generate approximately $7 billion in annual revenue and will reach more than 65 million U.S. households upon completion of the spin-off, Comcast said. It added that Novak served as CEO of YUM! Brands, Inc. from 2000 to 2014.

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