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Render Unto Cesar…

Inside 30 Rock, word that Comcast is considering spinning out NBCU’s lesser cable assets—potentially severing MSNBC from NBC—has kicked off a furious sequence of questions about the future of both networks, and about the fate of NBC News Group boss Cesar Conde.

cesar conde
One thing that does seem likely in the event of a spin-off: Cesar Conde, the NBC News Group chairman, would likely vacate that position, presumably seeking to climb another rung up the corporate ladder at NBC or, frankly, anywhere else. Photo: Alberto E. Rodriguez/Getty Images for TIME
Dylan Byers
November 1, 2024

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On Thursday morning, before the opening bell, Comcast president and NBCUniversal interim C.E.O. Mike Cavanagh floated a zeppelin-sized trial balloon. On the company’s quarterly earnings call, he announced that the media-telecom giant was now considering spinning its cable networks into a separate company to “take advantage of opportunities in the changing media landscape.” The stock instantly popped 6 percent before settling down a bit, suggesting that a consensus of investors were unsurprisingly warm to the idea.