Comcast is contemplating the prospect of spinning off its cable networks into its own, standalone company, writes Ryan Mulligan for the Philadelphia Business Journal.

The Philadelphia media and technology conglomerate is also open to partnerships with its streaming platform, Peacock.

Comcast’s cable networks include Bravo, USA Network, the NBC family of channels, and Syfy, among others. The legacy NBC channel, however, would not be part of the spinoff.

All the networks are under the umbrella of Comcast’s NBCUniversal division, which also includes production studios like DreamWorks and Universal Pictures, and theme parks like the Universal Orlando Resort.

“We’re experiencing the effects of the transition of our video businesses and have been studying the best path forward for these assets,” said Comcast President Michael Cavanaugh. “To that end, we are now exploring whether creating a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks would position them to take advantage of opportunities in the media landscape and create value for our shareholders.”

In addition, Cavanaugh said Comcast will conduct a study to determine if spinning off the cable networks is the right path.

“There are a lot of questions to which we don’t have answers,” said Cavanaugh.

Read more about Comcast’s prospects of spinning off its cable networks in the Philadelphia Business Journal.

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