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
It’s Game 7, and we have a bet locked in as the Cavaliers and legacies are on the line against the Pistons
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The NBA takes a lot of flak for having meaningless games, and I can definitely understand it, watching on a random Wednesday in January. However, the playoffs have delivered over and over to viewers and rewarded us for putting up with garbage regular-season games.
This will be the fourth Game 7 of the playoffs. Three series have been sweeps, and the other three have been six games. That shows competitive hoops. Now, how do we bet this Game 7 in the Eastern Conference?
The Cleveland Cavaliers blew it. After not winning a road game all postseason, they took Game 5 in surprising fashion. It looked like they were going to win in six games. After all, they hadn’t lost a game at home in the postseason.
Instead, Detroit came out and blitzed the Cavs, never giving them a chance to get their footing. They lost in an ugly fashion and now have to figure out a way to win a game on the road.
Cleveland Cavaliers guard James Harden drives to the basket against the Detroit Pistons during the second half of Game 5 in the second-round NBA playoffs in Detroit on May 13, 2026. (Duane Burleson/AP)
It isn’t just the Cavs’ fate that rests in this game. It is also the legacy of James Harden and, to a lesser extent, Donovan Mitchell.
We know that Mitchell is a very good player, but he isn’t regarded as one of the best players ever. Harden is. Unfortunately, Harden has struggled in Game 7s. He’s averaged 19.1 points, 7.3 assists and 5.8 rebounds. That’s not terrible, but looking at his shooting percentages, he is at 35.3% and 22.2% in those games. He actually is 4-4 overall in the games, but in his past three, he has scored a combined 34 points over 113 minutes.
The Detroit Pistons seem to like playing with their backs against the wall. They are a gritty team, so I suppose it makes sense.
Detroit Pistons’ Jalen Duren reacts after allowing a pass to go out of bounds in the second half of Game 4 of the second-round NBA playoff series against the Cleveland Cavaliers in Cleveland on May 11, 2026. (Sue Ogrocki/AP)
Cade Cunningham continues to deliver for the team, and he finally got some help in Game 6 from Jalen Duren. This was never going to be an easy series for Duren, but it feels like he is taking more time to mature than others. He definitely improved this year, but the consistency they need from him just isn’t there yet.
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Now as the team goes home they will need Duren to be a beast on the glass. If he can keep the Pistons in the rebounding battle, they should win this game with ease. They won Game 6 by just three rebounds, but that takes away a big dimension of what Jarrett Allen and Evan Mobley do for the Cavs. It isn’t everything, though, as the Pistons won the rebounding battle in both losses in Cleveland.
I don’t see this being a runaway game for the Pistons. Mitchell and Cunningham likely will cancel each other out with scoring. Harden needs to establish himself as the third-best player on the floor. I haven’t seen him do that in the postseason, yet.
Cleveland Cavaliers All-Stars Donovan Mitchell and James Harden talk during Game 2 in the first round of the 2026 NBA Playoffs vs. the Toronto Raptors at Rocket Mortgage FieldHouse in Ohio. (David Dermer/Imagn Images)
This is the second Game 7 of the playoffs for both of the clubs, so it isn’t like either will be caught off guard about what this entails.
If I look at it objectively, I think the Cavs have the better players. However, the Pistons have looked significantly better this season, and definitely in the playoffs overall. Both are prone to issues and slipping. The Cavs shouldn’t be as they are a veteran team.
This game has to be won by Cleveland, though. There is too much riding on the franchise and legacies of guys for them to not prepare properly for it. Maybe that’s weak analysis, but I’m taking the Cavs with the points and I do think they win outright. I expect a monster game from Mitchell, and Harden should get 10+ assists.
Either way, whoever wins will lose to the New York Knicks.
For more sports betting information and plays, follow David on X/Twitter: @futureprez2024
SOUTHERN SECTION SOFTBALL PLAYOFFS
FRIDAY’S RESULTS
FIRST ROUND
DIVISION 1
Murrieta Mesa 10, Valley View 0
Orange Lutheran 10, Millikan 0
Chino Hills 2, El Modena 1
Etiwanda 14, Agoura 13
Palos Verdes 3, Riverside King 2
Cypress 4, Fullerton 2
Ayala 11, Charter Oak 1
Riverside Poly 7, California 3
Norco 2, Marina 1
DIVISION 3
Rancho Cucamonga 9, Paloma Valley 1
Great Oak 5, West Torrance 2
Edison 8, El Segundo 5
El Toro 9, Colton 0
Murrieta Valley 9, Redondo Union 8
North Torrance 5, Beaumont 0
West Ranch 7, Trabuco Hills 6
San Juan Hills 8, Riverside North 7
Oak Park 10, Cerritos Valley Christian 4
Highland 7, Northview 2
La Serna 4, Carter 0
Dos Pueblos 5, Crescenta Valley 0
Liberty 10, Arcadia 3
DIVISION 5
Anaheim 11, Flintridge Sacred Heart 0
Patriot 11, Arrowhead Christian 9
Temple City 9, Rancho Christian 6
Grace 11, Buena Park 0
Crean Lutheran 3, Alemany 2
Shadow Hills 8, Cerritos 3
San Marcos 10, Leuzinger 0
South El Monte 7, Long Beach Wilson 5
Covina 11, Garden Grove Santiago 1
Muir 8, Rio Hondo Prep 7
Santa Monica 6, Katella 5
Ontario 6, Norwalk 2
Northwood 18, Duarte 11
DIVISION 7
Bloomington 9, Fillmore 8
Miller 11, Savanna 3
Santa Ana Calvary Chapel 11, Riverside Springs Magnolia 4
Faith Baptist 18, St. Pius X-St. Matthias Academy 4
Twentynine Palms 16, Rancho Alamitos 15
Riverside Notre Dame 12, Costa Mesa 2
Firebaugh 9, Pioneer 8
Chadwick 6, Desert Christian Academy 1
Cathedral City 2, Artesia 1
Orange 9, Bellflower 3
Santa Ana 10, Hawthorne 0
Culver City 9, Temecula Prep 8
DIVISION 8
Banning 20, Redlands Adventist 3
SATURDAY’S SCHEDULE
(Games at 3:15 p.m. unless noted)
SECOND ROUND
DIVISION 1
La Habra at Murrieta Mesa, noon
Chino Hills at Orange Lutheran
Etiwanda at Westlake
La Mirada at Palos Verdes, noon
Garden Grove Pacifica at Cypress, noon
Ayala at JSerra
Sherman Oaks Notre Dame at Oaks Christian, 1 p.m.
Norco at Riverside Poly
DIVISION 2
Bonita at Ganesha, 11 a.m.
Whittier Christian at Warren
Simi Valley at St. Paul
Moorpark at Lakewood St. Joseph, 11 a.m.
Temescal Canyon at San Clemente, 12:30 p.m.
Huntington Beach at Camarillo, Monday
Saugus at Vista Murrieta, 12:30 p.m.
Mater Dei at Gahr, noon
DIVISION 3
Great Oak at Rancho Cucamonga
Edison at El Toro, Monday
Murrieta Valley at North Torrance
West Ranch at San Juan Hills
Riverside Prep at Oak Park, 12:30 p.m.
La Serna at Highland
Dos Pueblos at La Salle, Monday
Villa Park at Liberty, 1 p.m.
DIVISION 4
St. Bonaventure at Harvard-Westlake, 11 a.m.
Apple Valley at Oxnard
Don Lugo at Monrovia, 1:30 p.m.
La Quinta at Mira Costa
Rio Mesa at Mission Viejo, 10 a.m.
Oak Hills at Sunny Hills
Ramona at Paramount
Burbank Burroughs at Rosary, Monday
DIVISION 5
Anaheim vs. Santa Clara at Beck Park
Temple City at Patriot
Crean Lutheran at Grace
Viewpoint at Shadow Hills
San Marcos at Irvine University, noon
South El Monte at Covina
Santa Monica at Muir, 10:30 a.m.
Northwood at Ontario, 1 p.m.
DIVISION 6
Irvine at Lakeside
Alhambra at Heritage
Eastside at Granite Hills, noon
El Monte at St. Genevieve
Sierra Vista vs. Southlands Christian at Brea Canyon Cutoff Rd
Hesperia Christian vs. St. Monica Prep at Memorial Park, 2 p.m.
Arroyo at Lancaster
San Jacinto at Jurupa Valley
DIVISION 7
Bloomington at Ramona Convent
Miller at Santa Ana Calvary Chapel
Faith Baptist at Twentynine Palms, Monday
Firebaugh vs. Riverside Notre Dame at Ramona
Chadwick at Cathedral City
Orange at Victor Valley, 11 a.m.
Santa Ana at Culver City, Monday
Windward at Edgewood, Monday at 3:30 p.m.
DIVISION 8
ACE at Avalon
Bolsa Grande vs. San Bernardino, Monday at San Bernardino College
Workman at Glendale
Cobalt at Santa Rosa Academy
Bell Gardens vs. Brentwood at John Anson Ford Park
Pomona Catholic vs. Capistrano Valley Christian at Laguna Hills, 2 p.m.
Fontana at Banning
Hawthorne MSA at Arroyo Valley, 1 p.m.
Note: Quarterfinals May 20; Semifinals May 23; Finals May 28-30 at Bill Barber Memorial Park, Irvine.
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After a slow first round at Aronimink Golf Club in Philadelphia on Thursday, pace of play was a point of emphasis at the PGA Championship on Friday.
However, when an official approached Justin Thomas and Keegan Bradley, they became animated.
Thomas, a longtime Team USA Ryder Cup member, and Bradley, last year’s United States captain, were on the fourth hole when they were approached by an official in a cart, and the conversation quickly turned into finger-pointing.
Justin Thomas and Keegan Bradley watch from the tenth green during the second round of the PGA Championship at Aronimink Golf Club in Newtown, Pennsylvania, on May 15, 2026. (Richard Heathcote/Getty Images)
Thomas said after the round that he, Bradley and fellow USA Ryder Cupper Cameron Young, who won the Cadillac Championship earlier this month, were put on the clock, with the official telling them to pick up the pace. However, both Bradley and Thomas appeared to point at the group in front of them.
“We just didn’t really agree with it,” Thomas said, citing course conditions, high winds and tough pins. “We were behind. That wasn’t our issue… It’s just the fact that we weren’t holding up the group behind us.”
Thomas said they were caught up with the pace on the very next hole.
Justin Thomas plays his shot on the 15th tee during the second round of the PGA Championship in Newtown Square, Pennsylvania, on May 15, 2026. (Bill Streicher/Imagn Images)
GARRICK HIGGO SHARES BAFFLING COMMENTS WHILE REACTING TO TWO-SHOT PENALTY AT PGA CHAMPIONSHIP
Thomas had a lengthy conversation with the official, while Bradley appeared to make his point short and sweet — though he was definitely not happy with the call.
It is a large PGA Championship field, with 156 golfers at the course and groups even starting their rounds on the back nine. The scores have also been rather high, with just 25 players below par at the time of publishing.
Aronimink also features a shared tee box on 1 and 10, holes 9 and 17 crossing paths, and a lengthy par-3 eighth hole that’s causing problems. Three par-3s are over 200 yards on the course, and there is also a 457-yard par 4 on the fourth.
Keegan Bradley prepares to putt on the 14th green during the first round of the PGA Championship at Aronimink Golf Club in Newtown Square, Pennsylvania, on May 14, 2026. (Bill Streicher/Imagn Images)
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As Chris Gotterup put it on Friday, “You’re not going to get any four-and-a-half hour rounds out here.”
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