A week ago, news came that Comcast was considering spinning off these valueless, money-losing properties.

Comcast said it was considering spinning off its cable networks that include CNBC and MSNBC into a separate company, as the media industry grapples with a decline in traditional TV viewership due to cord-cutting by consumers shifting to streaming.

The potential spin-off would exclude the NBC broadcast network and the Peacock streaming service. The company, however, is interested in seeking a partner for Peacock to help grow that business, Comcast president Mike Cavanagh said on Thursday.

So they want to partly sell off Peacock. They want someone to take a share of the losses.

"We chose not to participate in the M&A process around Paramount in the earlier part of this year. But we would consider partnerships in streaming," Cavanagh added.
Shares of Comcast were nearly 3% higher in early trading as the company also reported better-than-expected revenue for the third quarter on the back of box office hits and an Olympics-driven surge in ad sales.

Declining profitability in cable TV has been pushing media companies to explore options for their legacy businesses, even as they struggle to stem losses at their streaming services.

Now comes word that Comcast is officially putting these loser properties up for sale.

Eric Daugherty
@EricLDaugh

NEW: Comcast reportedly set to sell left-wing network MSNBC

I'm not sure if he's just repeating the already-reported news of a potential sale, or if he's saying he has word that MSNBC will be sold.

I can't think of any other potential buyers other than George Soros or, say, a joint partnership between Soros and a cadre of other communist billionaires. The networks do not make money, they just make leftwing narratives. They have no economic value.

Oh -- Time magazine is on the chopping block, too.