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Comcast considers spinning off cable channels like MSNBC. But analysts have doubts

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Comcast considers spinning off cable channels like MSNBC. But analysts have doubts

NBCUniversal parent Comcast Corp. is considering spinning off its cable networks into a separate company as the media giant continues to grapple with massive changes in the overall linear television business.

Folding the cable networks into their own company owned by Comcast shareholders could “position them to take advantage of opportunities in the changing media landscape and create value for our shareholders,” President Michael Cavanagh told analysts Thursday during Comcast’s third fiscal quarter earnings call.

“Like many of our peers in media, we are experiencing the effects of the transition in our video businesses and have been studying the best path forward for these assets,” he said, adding that the company was not ready to talk about specifics yet, but would update investors when there were “firm conclusions.”

NBCUniversal’s cable networks include USA Network, Bravo, MSNBC and Syfy.

Comcast also said it would consider partnerships for its streaming business, which has lost billions of dollars since launch.

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The consideration comes as the cable television business is undergoing upheaval. As customers have turned to streaming services, they are continuing to cut the cord, leading to major concerns for legacy TV businesses. Paramount Global and Warner Bros. Discovery recently wrote down the value of their cable channel segments by billions of dollars.

But analysts were skeptical of such a move by Comcast to unload its cable channel assets.

These networks are able to maintain carriage and increase their fee rates with distributors in part because they’re bundled with broadcast network NBC. In addition, much of the content from the cable networks feeds into NBCUniversal’s streaming service, Peacock, Ric Prentiss, managing director at Raymond James, wrote in a Thursday note to clients.

“Splitting off these declining assets may be alluring, but we think there are complexities and dis-synergies in doing so,” he wrote. “Perhaps a private equity owner would find them attractive, but we think a standalone public stock may not perform well.”

Media analyst Rich Greenfield of LightShed Ventures was even more blunt, noting the extreme complexity of such a potential deal.

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“We suspect this is much ado about nothing,” he wrote in a note to clients. “When you see a dismal future, with no path to growth, you sound the alarm and explore strategic alternatives.”

Walt Disney Co. Chief Executive Bob Iger previously floated the idea of spinning off the Burbank entertainment giant’s linear TV businesses, but later walked the comments back.

Comcast’s stock rose 3% to $43.67 after reporting generally positive earnings, thanks in part to a boost from the Summer Olympics. The shares are flat year-to-date.

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Video: Can You Rely on A.I. to Translate Love?

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Video: Can You Rely on A.I. to Translate Love?

new video loaded: Can You Rely on A.I. to Translate Love?

A.I. translation has become a huge industry, but how accurate is it? Our tech reporter, Kashmir Hill, explores its successes and failures through a couple who relies on of A.I. translation to communicate.

By Kashmir Hill, Gilad Thaler, Kassie Bracken, Jon Miller, Jon Hazell and Joey Sendaydiego

February 14, 2026

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Parents who blame Snapchat for their children’s deaths protest outside company’s headquarters

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Parents who blame Snapchat for their children’s deaths protest outside company’s headquarters

Standing in front of Snap’s Santa Monica offices, parents clutched photos of their children who died from taking fentanyl-laced pills facilitated through the disappearing messages of the Snapchat app.

They rolled white paint onto the ground, spelling out the names of 108 children who died from alleged social media harms.

“Snapchat: Protect kids not predators,” a banner read.

Yellow signs with images of dead children accused the company of being an “accomplice” to “murder,” videos and photos of the demonstration showed.

More than 40 parents attended Thursday’s protest, an event organized by Heat Initiative, an advocacy group that focuses on holding tech companies accountable if they fail to protect kids online.

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“For years, families have watched their children die from fentanyl poisoning and sexual exploitation facilitated by Snapchat’s design—and for years, Snapchat has fought to avoid any meaningful accountability,” Sarah Gardner, chief executive of Heat Initiative, said in a statement.

The demonstration highlighted the mounting pressure social media companies such as Snap continue to face as a landmark trial in Los Angeles over whether tech companies such as Instagram and YouTube can be held liable for allegedly promoting a harmful product and addicting users to their platforms continues in Los Angeles.

TikTok and Snap, the parent company of messaging app Snapchat, settled for undisclosed sums to avoid the trial.

Parents who allege the Santa Monica company is responsible for drug sales facilitated through the app have also sued Snap. Parents who attended this week’s protest urged the company to do more to safeguard young people from predators and called for Snap to disable its AI chatbot.

Social media companies have faced allegations for years that their platforms are designed to be addictive and make it easy for predators and drug dealers to target and harm young people. Parents who have lost their children have also pushed for more legislation, including in California, to make social media platforms safer.

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The rise of artificial intelligence chatbots, which are also incorporated within apps such as Snapchat and Instagram, have also raised more safety concerns because young people who have died by suicide have spilled some of their darkest thoughts online.

Snap said in a statement that the company has invested in online safety, including efforts to combat illegal drug sales on its platform. The company pointed to the technology it uses to detect illegal drug content, its work with law enforcement and education initiatives. This week, Snap was among the companies that agreed to get evaluated on their child safety efforts.

“Snap unequivocally condemns the criminal conduct of the drug dealers whose actions led to these tragedies. Addressing the fentanyl crisis demands a united front, bringing together law enforcement, government officials, medical professionals, parents, educators, tech companies, and advocacy organizations,” a company spokesperson said in a statement.

Amy Neville, an Orange County mom who lost her 14-year-old son Alexander Neville from fentanyl poisoning after he obtained drugs through Snapchat, said in a statement that parents have testified before Congress, held rallies and brought the deaths to Snap’s doorsteps for years.

“We are painting our children’s names in the street and bringing this memorial to his doorstep because Evan Spiegel won’t acknowledge what his platform has taken from us,” she said in a statement.

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Spiegel is the chief executive and co-founder of Snap.

On Friday, parents also gathered at the Gloria Molina Grand Park in Los Angeles to honor children who they say died because of social media harms. They unveiled the “Lost Screen Memorial,” displaying large smartphones with the images of 50 dead children.

“Their faces serve as a constant reminder of what has been lost. The responsibility to keep children safe online should not lie with parents alone,” the website for the memorial said.

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Rivian finds a way to shine even as the EV market struggles in the dark

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Rivian finds a way to shine even as the EV market struggles in the dark

Rivian shocked the market with strong earnings results, proving itself an outlier in the electric vehicle market, which has been struggling with the end of government subsidies and cooling consumer excitement.

The shares of the Irvine-based high-end EV manufacturer skyrocketed 27% on Friday after it announced stronger-than-expected results, indicating that, after years of struggling with losses, it may have at last found a path to profitability.

On Thursday, Rivian reported gross profits for 2025 of $144 million, compared with a net loss in 2024 of $1.2 billion.

In its earnings release, Rivian credited the swing to gross profit to “strong software and services performance, higher average selling prices, and reductions in cost per vehicle.”

Last October, it laid off roughly 600 employees, more than 4% of its workforce.

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Rivian delivered 42,247 vehicles in 2025 and produced 42,284 vehicles. The company still reported a $432-million net loss for the year for automotive profits, an improvement from 2024.

“It’s a turnaround for the ages,” said Dan Ives, an analyst with Wedbush Securities. “The past few years have been very frustrating for investors.”

Rivian was founded in Florida in 2009 and made its initial public offering in 2021. It competes with Tesla and other automakers selling all-electric vehicles for a premium price.

Following the expiration in September of the $7,500 federal tax credit for new electric vehicles, companies have been under pressure to offer lower sticker prices. Last year, Tesla launched new variations of the Model 3 and Model Y that start at roughly $5,000 less than the more expensive versions of the same models.

Investors said the discounts weren’t enough and the vehicles, still priced above $35,000, remained out of reach for many consumers. There are only a handful of EVs on the market available for under $35,000.

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Rivian is banking its future on the success of its own lower-priced R2 model, which is expected to start around $45,000 with deliveries slated to begin this spring.

The least expensive Rivian model available now, the R1T pickup truck, starts at $72,990.

The company has received positive early feedback on its R2 SUV, according to the earnings release.

“It’s incredibly exciting to see the early strong reviews of the R2 pre-production builds, and we can’t wait to get them to our customers next quarter,” Rivian founder and chief executive, RJ Scaringe, said in a statement.

Ives said the popularity of the R2 will be pivotal for Rivian, which laid off nearly 1,000 workers in 2025.

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“It’s going to be the epicenter of their success or challenges,” Ives said.

Rivian shares have risen more than 33% over the last year but are down 8% since the start of 2026.

“They’re back on their flight path with still some turbulence in the air,” Ives said. “

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