The Comcast NBC logo is displayed on a building in Los Angeles, California, June 13, 2018.
Mike Blake | Reuters
Comcast is moving toward expanding its cable network channels, a person familiar with the matter told CNBC’s Julia Boorstin on Tuesday.
The split is expected to take about a year and an announcement from the company could come as early as Wednesday, the person said. The company already has announced in its quarterly earnings in October, it was considering splitting up its cable networks.
The first spinoff is reported of The Wall Street Journal.
A person close to the matter said other networks besides the spinoff include E!, Syfy, Golf Channel, USA and Oxygen. Bravo will remain part of Comcast’s NBCUniversal because its content is heavily featured on the Peacock streaming service, one of the people said.
The separation process will take about a year for the company to figure out whether licensing agreements need to be put in place and whether MSNBC and CNBC will continue to work with NBC News, the two people said.
One of the people said the new organization will be led by Mark Lazarus, the current chairman of media group NBCUniversal.
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Disclosure: Comcast owns NBCUniversal, CNBC’s parent company.
