Business
Comcast’s Breakup Is Overdue. It Shouldn’t Rush Into a New Marriage.
Comcast CMCSA 0.47%increase; up pointing triangle is finally undoing its own bundle. Investors shouldn’t hold their breath for a new one.
The cable giant’s plan to separate from its media business is largely drawing cheers from Wall Street. Comcast shares rose more than 4% Monday on the news, though that was well off their morning highs. Other media stocks rose as well, with the S&P Media & Entertainment Group gaining nearly 4%. As is typical in media-related transactions, the Comcast breakup sparked speculation that more deals could follow, such as Netflix NFLX 2.56%increase; up pointing triangle buying the soon-to-be-independent NBCUniversal.
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