Bravo, the NBC broadcast network and the Peacock streaming service are among the assets expected to remain part of Comcast. Mark Lazarus, the current chair of the NBCUniversal Media Group, is expected to lead the new company, according to the Journal and CNBC, and the process is expected to be completed in about a year.

MSNBC and other NBCUniversal cable channels currently under the Comcast umbrella will be under new ownership soon, as their parent company is going forward with plans to spinoff these assets. Comcast acquired NBCUniversal in 2011,

Comcast‘s announcement that it will spinoff almost all of its cable networks has left a host of questions as to the path forward, particularly given the intertwined nature of NBC News with MSNBC and,

Comcast officially announced its plans for a spinoff company comprised of NBCUniversal's cable TV networks and more on Wednesday.

Comcast, the parent company of NBCUniversal, is announcing a major shakeup in some of its key assets. The company is expected to spin off its cable networks into a separate company and would cleave off some of NBCUniversal’s best-known brands,

Comcast, the media conglomerate that owns NBC News, announced a plan to spin off most of its cable television networks into a separate publicly traded company.

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company. CNBC's Andrew Ross Sorkin discusses.

Comcast is spinning off many of NBCUniversal's cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.

Comcast would retain NBCUniversal's NBC broadcast television network, its film and television studios and its theme parks, as well as its Peacock streaming service.

The $7 billion spinoff comes as traditional media companies grapple with the diminishing value of what was once an economic pillar of the entertainment business.

The new publicly traded company is set to debut next year, with a bundle of channels that also includes Oxygen, E! and Syfy.