Comcast Splits, OpenAI Weighs IPO Delay, and Buttigieg Targeted

No. Um, anyway, we've got a lot to get to today, so let's dig in.

We, we, there's so much news.

Scott even participated in the group chat.

[laughs] He's like, "There's so much news." Um, what's going on? But actually, his selections were correct, but, 'cause the first one is something I think I was a little...

Was I surprised? Comcast is spinning off NBCUniversal and Sky into a separate publicly traded company.

The new NBCUniversal will include NBC, the Universal Film Studio, theme parks, and Sky.

This is the, the satellite service they have in Europe.

Uh, Comcast keeps Xfinity internet and wireless, so it's back to square one, I guess.

Mm-hmm.

The market liked it.

Comcast shares jumped 21% in pre-market trading Monday morning.

It's not a totally clean break.

Comcast will hold a roughly 20% stake in the new NBCUniversal.

I think they still have a big stake in MS now, too.

Um, and the deal's expected to close w- in about a year.

There's a catch, though.

Analysts say while the spinoff gives NBCUniversal more freedom to do deals, it leaves Comcast broadband business more exposed at a time when cable is already under pressure.

So talk about this.

The people they're putting in place are very good executives, um, but does NBC now, now remerge with MS now, or what in the...

I don't un- You need to explain this to me.

I really didn't quite understand why they're doing it now, uh, what the troubles they're seeking.

I know they had looked at, uh, buying Warner at one point, so could Netflix buy NBCUniversal? There's a lot there.

There's a lot at those studios, so thoughts?

So this is why companies conglomerate.

The board who decides the CEO's compensation hires a firm called Towers Perrin, uh, b- 'cause compensation's the hardest part and one of those important things that a board does.