Sports
Behind Comcast's big TV deal: a bleak picture for once mighty cable industry
When Comcast swallowed NBC and Universal Studios 14 years ago, the sibling cable channels USA Network, Bravo and CNBC were considered diamonds in the rough.
USA Network had gained traction with its “Blue Skies” programming strategy: sunny and upbeat TV programs infused with a buoyant energy and natural light. The cable channels were NBCUniversal’s equivalent of blue skies, routinely delivering three-quarters of the company’s profit. In 2012, cable networks threw off a robust $3.3 billion in cash flow.
Times have changed.
Comcast this week announced its plans to jettison all but one cable channel into a separate, stand-alone publicly traded company that will take shape over the next year.
“This is a reminder that the cable television network business is yesterday’s news,” analyst Craig Moffett said Wednesday in an interview. “If it feels like Comcast is shedding itself of an albatross — that’s because it is.”
For now, Comcast’s cable channels remain a viable business by generating $7 billion in annual revenue. But you have only to look at the properties the Philadelphia cable giant is keeping to see how the top brass has picked future winners and losers in a fast-changing media landscape.
Comcast will hold on to the NBC broadcast network, with its NBC News and NBC Sports units, along with its prolific Los Angeles-based Universal film and television studios, Universal Studios theme parks, local TV stations, including KNBC-TV in Los Angeles, and streaming service Peacock, which now has 36 million subscribers.
The lone cable outlet set to remain within NBCUniversal is Bravo, which has a bold brand, cultural cachet and the “Real Housewives” franchises. Company executives reviewed data that showed NBC and Bravo shows had strong viewership on Peacock, insiders said.
The spinoff company will be composed of the remainder of the cable channels, including MSNBC, CNBC, USA, Oxygen, Syfy, E! and the Golf Channel as well as digital properties, including Rotten Tomatoes, Fandango and SportsEngine.
Comcast’s move is the strongest sign yet of alarm reverberating throughout Hollywood’s traditional companies. Cable channels have long been a key economic pillar by generating billions of dollars in cable distribution fees that more than covered up the misses when big-budget movies flopped or during advertising recessions.
No more. Rampant cord-cutting has roiled the television business and linear cable channels — once a mighty draw for couch-potato viewing — have become endangered species.
Industry executives privately acknowledge that they unintentionally contributed to the erosion by making cable channels less appealing — stuffed with endless sitcom reruns, dated movies and extended commercial breaks, contributing to the rise of on-demand streaming services.
Millions of consumers have switched to streaming platforms that offer fewer commercials, or none at all, and lower subscription prices. In the first six months of the year, an additional 4 million customer homes dropped pay-TV, according to a recent MoffettNathanson report.
That’s a 30% decline since 2012, when there were more than 100 million pay-TV homes in the U.S.
Consumers also can cancel streaming services with a click of a button — without haggling with a customer service representative at a pay-TV company call center.
The toll has been enormous. Thousands of entertainment company workers have been laid off in the last four years in seemingly endless waves of restructuring. Traditional media companies have struggled to shore up their slumping stock prices.
In August, Warner Bros. Discovery took a $9-billion write-down on the value of its basic cable portfolio, which includes CNN, TBS, TNT and Cartoon Network. That same month, Paramount Global wrote down $6 billion in value for its cable channels, including MTV, Nickelodeon, VH-1 and Comedy Central.
Pay-TV channel blackouts have become more common. And pioneering satellite TV company DirecTV two months ago announced its plan to buy competing Dish Networks for $1. That merger is expected to face regulators’ scrutiny.
More separations and roll-ups may be coming.
Warner Bros. Discovery Chief Executive David Zaslav has telegraphed his desire to wheel or deal assets now that President-elect Donald Trump is preparing to take office. Zaslav’s company is desperate to pay down debt taken on two years ago when the smaller Discovery merged with WarnerMedia, relieving AT&T of its entertainment headache.
Although Comcast’s move is bold, the reckoning began seven years ago after Netflix had become the go-to destination for younger viewers. That’s also when Rupert Murdoch, the now 93-year-old media baron, decided to sell much of 21st Century Fox to Walt Disney Co. Some investors and analysts believe the $71-billion price for the Fox assets was wildly overvalued.
Since then, Disney has taken steps to de-emphasize cable distribution, and the Burbank powerhouse is planning to launch ESPN directly to consumers next year — a move that many in the industry believe will mark the tipping point for the cable channel business.
“Comcast is accelerating this pressure [in the cable business] with its success with Peacock, which makes the legacy pay-TV model with multi-channel bundling of cable networks a much more difficult prospect going forward,” Raymond James analyst Frank G. Louthan wrote in a note Wednesday.
Comcast executives say they are not entirely pulling the plug on their cable channel business, noting that the new company will have resources to buy additional channels or other properties to build scale..
“The company will have significant cash flow, a strong balance sheet, and the financial flexibility to pursue growth opportunities, both organically and potentially through acquisitions,” Comcast President Mike Cavanagh said in a note to employees.
The spinoff company, which doesn’t yet have a name, will continued to be controlled by Brian Roberts, chair of Comcast.
Mark Lazarus, who currently serves as chair of NBCUniversal Media Group, will shift to the new company as its chief executive.
Comcast shareholders will receive stock in the new company in tax-free transactions.
Moffett, the analyst, said the cable channel company will face considerable challenges maintaining the channels’ position in the pay-TV and advertising markets.
“This [spinoff] is good news for investors but it’s not a guaranteed success,” Moffett said. “We’ve seen this movie before with Viacom and CBS. Separating the broadcast network from the cable channels could leave the cable channels adrift.”
In 2006, the late mogul Sumner Redstone split his media empire consisting of the cable channels and the Paramount film studio. CBS forged forward with its broadcast network, television studio, Showtime and a book publishing house.
Five years ago, Redstone’s daughter, Shari, reunified the company. In July, she decided to unload the entire enterprise, now called Paramount Global, to the Larry Ellison family. That transaction also faces a regulatory review.
Moffett and other analysts say the spinoff company could struggle to maintain the size of distribution fees that Comcast was able to wrangle from pay-TV operators, thanks to the muscle of NBC and its marquee program, “Sunday Night Football.”
Some analysts wonder whether Comcast is preparing the cable channels to be absorbed by another company or a private equity firm.
“It looks like this is set up for [another] transaction,” Moffett said of the Comcast spin.
Wall Street seemed to endorse the spinoff news. Comcast shares gained 1.6% Wednesday to close at $42.99.
Sports
Cancer left him blind. When his son was diagnosed, ex-USC long snapper found Trojans had his back again
Former USC long snapper Jake Olson made college football history at the Coliseum in September 2017 as the first completely blind player to compete in a Division I college football game.
Eight years later, his not-quite-8-month-old son was having the time of his life crawling around on the same field.
The significance of the moment was not lost on Olson.
Rowan Olson plays with a football Sept. 5 on the field at the Coliseum.
(Courtesy of the Olson family)
“Watching Rowan crawl around out there on that grass, in that stadium that shaped so much of my story, was emotional in a way I didn’t expect,” Olson told The Times during a series of interviews over the phone and via email. “It felt like a full-circle blessing.”
It wasn’t the only blessing Olson, his wife, Audrey, and their son experienced during that trip to Los Angeles in September.
“We were actually out there for Rowan’s first checkup after finishing his last round of systemic chemo,” Olson said, “so the whole trip already carried this sense of celebration and relief.”
Rowan was born Jan. 17, 2025, with bilateral retinoblastoma, the same rare childhood cancer that had caused his father to lose both of his eyes by age 12. Since his diagnosis at 6 days old, Rowan has made monthly trips with his parents from their home in Jacksonville, Fla., to Children’s Hospital Los Angeles, the same place his father had been treated decades earlier while growing up in Huntington Beach.
During those hospital visits, Rowan underwent systemic and intravitreal chemotherapy and laser treatments designed to shrink the cancerous tumors in each of his eyes, stop the cancer from spreading and preserve his vision.
After six months of treatment, the tumors had become small enough that the systemic chemotherapy could stop. And now, according to Dr. Jesse Berry, chief of ophthalmology and director of the retinoblastoma program at CHLA, the laser treatment and injections into Rowan’s eyes are no longer needed as well.
“I think right now he is cancer-free,” Berry said. “We have no evidence that he has active cancer anywhere in his body, but he’s a kiddo that we will always watch closely.”
Rowan celebrates his first birthday in January. His doctor says he has “excellent vision” after months of chemotherapy.
(Courtesy of the Olson family)
The monthly visits to CHLA will eventually be spaced out, but Rowan will have to be monitored the rest of his life in case the cancer returns.
“There’s always a chance that small tumors pop up here and there over the next couple of years, which is normal for retinoblastoma. That’s why constant monitoring is so important,” Olson said. “As long as we stay on top of it, any tiny spot that appears can be lasered immediately and taken care of.”
Unlike Rowan, Olson was not diagnosed until he was 8 months old. His left eye was removed two months later, while the remaining cancer was treated with systemic chemotherapy. Olson was 12 when doctors decided his right eye needed to be removed.
“Retinoblastoma is very treatable — you know, you catch it early, it’s very treatable,” Olson said.
“I just don’t want [Rowan] to have a 12-year battle with this. Dr. Berry made that very clear up front that his situation is a lot different than mine, that we’re going to knock these things out, and he’s going to grow up with sight in both eyes and really never probably remember a lot of it.”
According to Berry, Rowan has “excellent vision.”
Olson’s ophthalmologist at CHLA was the late Dr. A. Linn Murphree, a pioneer in ocular oncology who later served as Berry’s mentor.
After Rowan was diagnosed, the Olsons didn’t hesitate in choosing a hospital more than 2,400 miles from home for their son’s treatment, both because of its reputation as a leading retinoblastoma center and because of the special care Olson received there throughout his childhood.
Dr. Jesse Berry holds Rowan Olson while standing between the newborn’s parents, Audrey and Jake, in early 2025.
(Courtesy of the Olson family)
“I texted [Berry] — at what was 6:30 in the morning her time — and she responded within two minutes, encouraging us and confidently telling us that she will take the best care of Rowan,” Olson said. “That’s just a glimpse into who she is and the culture Dr. Murphree built.”
At the time, Berry was dealing with hardship of her own. She and her family had just lost their Altadena home in the Eaton fire and were considering leaving the Los Angeles area to rebuild their lives. She said a call from Olson about his newborn son helped her decide to stay.
“Jake called and said, ‘I just had a baby, and I’m sitting in a doctor’s office and they think he has RB, and I want to come see you.’ And that was the same week as the fire,” Berry said. “And so I said, ‘OK, we’ll see you next week.’ He and his family were a real anchor to keeping us set in L.A. and really focused on the greater mission.”
Once back at CHLA, Olson experienced an intense feeling of deja vu.
“We walked into the same waiting room I used to sit in, the same exam rooms, hearing the same vocabulary I hadn’t heard in years. It was like being thrown straight into the deep end of my past,” Olson said.
“The hardest moment was going to the part of the hospital where my last surgery — the one that took my eyesight — took place. Even though I couldn’t see it, my body remembered. I had to fight back panic I didn’t even know I was capable of feeling. But I had to stay steady for Audrey and for Rowan. That was probably the hardest thing I’ve ever had to do.”
But the location of the monthly treatments came with an extra benefit.
“When we found out that [Rowan] had this tumor, we immediately flew out to California and were surrounded by Jake’s family, who had gone through this and had the experience, the wisdom and knowledge around the disease,” Audrey Olson said.
Audrey, Jake and Rowan Olson take a family selfie after a long travel day from Florida to Children’s Hospital Los Angeles in May.
(Courtesy of the Olson family)
“So I really leaned on the support of the family we were surrounded by. And then I also just leaned on Jake, who I know lived a major life after losing his sight and battling his cancer. We definitely leaned on each other a ton and could not have done it without each other.”
USC football has been a major part of Olson’s life since childhood. Upon learning he would be losing his eyesight, Olson became determined to watch as much of the Trojans as he could before his surgery. Then-coach Pete Carroll heard about Olson and allowed him to hang out with the team in meetings, in the locker room and on the sideline. His last day with sight was spent at a USC practice.
It wouldn’t be Olson’s last time in that environment. Not even close. After years of learning the techniques of a long snapper, Olson earned a first-string spot at the position for Orange Lutheran and joined the Trojans in 2015 as a walk-on player.
Two years later, on Sept. 2, 2017, then-coach Clay Helton called on the 20-year-old long snapper for an extra-point attempt following a USC touchdown against Western Michigan. Olson’s snap, as described by The Times’ Bill Plaschke at the time, was “perfect” and the kick was good, sealing a 49-31 Trojans victory.
USC long snapper Jake Olson conducts the marching band after the Trojans’ 49-31 win over Western Michigan on Sept. 2, 2017, at the Coliseum.
(Mark J. Terrill / Associated Press)
“You just never know what’s going to come from adversity and from situations, like the miracles that can come from what we think are tragedies. And that miracle for me was playing football at SC,” said Olson, who played in a total of three games during his time with the Trojans. “Honestly, I don’t know if I ever would have done that if I kept my eyesight or never had cancer. So for me, being able to play at that school was a pinnacle of everything I’d gone through that had led me there.
“I don’t know what Rowan’s pinnacle is going to be, but there’s going to be miracles that come from this. … There’s a level of excitement to that, just hope and knowing there’s going to be something special that comes from this. For me, it was playing at USC, and I think that’s just indisputable evidence of that. And we’ll see what that is for Rowan.”
As news broke about Rowan’s recovery in recent weeks, Olson said he received a text from current USC coach Lincoln Riley.
“He sent a really, really special message that just let us know he’s praying for us,” Olson said. “Trojan football has helped me get through so much in life. It did last year, is going to this year and for every year to come. And if, Lord willing, Rowan will one day wear that helmet too.”
Former USC long snapper Jake Olson holds son Rowan on the football field at the Coliseum on Sept. 5, 2025.
(Courtesy of the Olson family)
During his family’s visit to the Coliseum last fall, Olson introduced his wife and son to Helton, now the head coach at Georgia Southern, whose team was practicing ahead of its game against the Trojans the next day.
“That alone felt special,” Olson said of meeting up with the coach who had helped change his life. “But then, we were able to walk out onto the exact yard line where I snapped from.
“Standing there with my wife and son, on the very spot where I had shown so much resilience myself, felt like seeing the fruits of ‘Fight On’ in real time. It acted as a reminder and encouragement for why I was still fighting on now through this new cancer journey. It was surreal and sacred at the same time.
“If it weren’t for the Coliseum and USC football, I genuinely don’t know if Audrey or Rowan would be in my life. And if it weren’t for me learning how to fight on through all that it took in order to get to that 3-yard line, I don’t know how I would be fighting on as a father or a husband now. So to have both of them there, on that field, taking it all in for the first time, it meant the world.”
Sports
Chiefs and Browns make first trade of 2026 draft and both eventually fill needs
The Cleveland Browns, rumored to be willing to trade down from their No. 6 overall selection in the 2026 NFL draft, did just that Thursday evening when the traded the pick to the Kansas City Chiefs.
Cleveland traded the sixth overall pick in the first round of the 2026 NFL Draft to the Chiefs, in exchange for the ninth overall pick, as well as pick No. 74 in the third round and No. 148 in the fifth round.
The Browns now hold the No. 9 and No. 24 picks in the first round of the draft. They have a total of 11 picks in the 2026 NFL Draft.
Quarterbacks Shedeur Sanders and Deshaun Watson of the Cleveland Browns watch from the sidelines during a game against the Cincinnati Bengals at Huntington Bank Field in Cleveland, Ohio, on Sept. 7, 2025. (Jason Miller/Getty Images)
So the Chiefs gave up three picks in making the first trade of the first round.
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And we know what the fan bases of both clubs were thinking prior to the selection:
Chiefs fans were thinking we know something they don’t. And then the Chiefs selected cornerback Mansoor Delane from LSU — a move no doubt forced by the club’s trade of Pro Bowl cornerback Trent McDuffie to the Los Angeles Rams earlier in the offseason.
So, the Chiefs fill a major need, assuming Delane is indeed the quality corner they believe.
LSU Tigers CB Mansoor Delane celebrates a defensive stop against the Clemson Tigers at Memorial Stadium in South Carolina. (Ken Ruinard/USA TODAY Network)
GREG OLSEN’S ADVICE FOR NFL DRAFT FIRST-ROUND PICKS ON HANDLING HIGH EXPECTATIONS
ESPN’s Mel Kiper didn’t like the pick, by the way. He had Delane as the 14th best player in the draft.
“It was a necessity,” ESPN analyst Louis Riddick, a former NFL defensive back, responded.
Browns fans weren’t thinking that way.
BROWNS MAKE STUNNING KENNY PICKETT TRADE TO RAIDERS AS BACKUP QUARTERBACK ROLE REMAINS WIDE OPEN
They were probably thinking something akin to “We screwed up.”
This is understandable because they’re Browns fans and this could have been the Browns Browning.
Well, the Browns, moving down three slots, gave up a shot to draft linebacker Sonny Styles of Ohio State to the Washington Commanders, receiver Jordyn Tyson to the New Orleans Saints and then the Browns got their chance with the newly acquired No. 9 pick:
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Offensive tackle Spencer Fano of Utah.
Cleveland Browns general manager Andrew Berry speaks at the NFL Scouting Combine at the Indiana Convention Center in Indianapolis, Ind., on Feb. 24, 2026. (Kirby Lee/Imagn Images)
Fano is good. And he makes the Browns offensive line instantly better because he’s going to likely start at left tackle for them.
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So what will Browns fans think of this pick?
They’ll probably wonder why the Browns didn’t pick Miami’s Francis Mauigoa, who went with the No. 10 pick to the New York Giants and promised “to die for” Jaxson Dart if necessary. They’ll wonder this because Browns fans expect the worst.
Sports
Defending champion UCLA women’s basketball lands top transfer, continues roster overhaul
UCLA women’s basketball team has added some star power as its revamped roster begins to take shape.
Former Iowa State forward Addy Brown announced Thursday she is committing to UCLA, giving the Bruins one of the top players in the portal.
Brown averaged 11.9 points, 8.8 rebounds and 5.3 assists per game while shooting 43.1% from the floor and 33.8% from three-point distance with the Cyclones last season. She played just 21 games due to injury, but she is one of the better two-way players in the nation on the transfer market.
The 6-foot-2 forward co-starred with Audi Crooks for Iowa State the past few seasons and was a part of the mass exodus from the Cyclones’ program.
The Bruins reeled in former North Carolina junior guard Elina Aarnisalo and former Texas Christian senior guard Donovyn Hunter a few weeks ago, adding two more experienced players to the depleted starting lineup after a record six UCLA players were selected in the WNBA draft.
UCLA also signed Arkansas sophomore guard Bonnie Deas earlier this month. She is likely to start at point guard for the Bruins and is one of the best rebounding guards in the nation.
Along with returner Timea Gardiner, the Bruins are starting to form somewhat of a core to defend their national championship. Gardiner was a starter during UCLA’s 2024-25 Final Four run, but missed all of this past season with injury and has one season of eligibility left.
A lineup with Deas and Aarnisalo in the backcourt, Hunter at the three and Gardiner or Brown at the four and adding another big or Sienna Betts at the five would be a competitive lineup in the Big Ten.
Before going to TCU, Hunter played two seasons at Oregon State where she earned All-Pac-12 Defensive Team honorable mention and All-Pac-12 Freshman team honors. This past season with a Horned Frogs team that went to the Sweet 16, she was third in scoring with 10.2 points per game and averaged 3.2 rebounds per contest. She also shot 45.7% from the field and was 33.7% from beyond the arc.
Aarnisalo played her freshman year in Westwood after she originally committed to UCLA in 2025. Due to injuries from point guard Kiki Rice at the start of the 2024-25 season, she was forced into action early her freshman season and finished the year averaging 5.1 points per game.
The Helsinki, Finland, native averaged 10.2 points per game for the Tar Heels as a sophomore last season while shooting 47.3% from the field and 40.3% from the arc. The Bruins will desperately need to replace the three-point production lost with the departure of Rice, Gianna Kneepkens and Charlisse Leger-Walker.
UCLA coach Cori Close said she wanted to sign five players from the portal. She probably needs one more guard and a little more forward depth coming off the bench following the departures of Gabriela Jaquez and Angela Dugalic.
Lena Bilic and Amanda Muse are returners coming off the bench who got a little bit of playing time in the tournament and should have much larger roles, but they are still relatively unproven in late-game situations. They will get a chance to develop as backups with some more Power Four experienced starters now in the fold.
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