Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

Comcast is positioning itself for the next round of media industry merger and acquisition activity by spinning off NBCUniversal.

Comcast subsidiary Sky plans to buy the UK's biggest broadcaster, ITV.

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Comcast is splitting into two companies to separate its broadband arm from its media and entertainment business.

Brian Roberts’ surprise plans to spin off NBCUniversal from Comcast have set the stage for an M&A bonanza, with bankers working overtime to concoct deals where the media mogul is both a buyer and a ...

Communications giant Comcast is planning to split itself into two: one media-centered business that would include brands like NBCUniversal and Sky and a separate company focused on broadband and ...