As the financial vlaue of cable television drops, expected, Comcast, as expected, announced they were spinning off a number of cable networks into a new company

Comcast is moving forward with the spinoff of its cable networks, including CNBC, MSNBC and E!. The spinoff is expected to take about a year, according to a company memo. Bravo is not part of the spinoff.

Bravo stays with NBC, but other longtime cable networks such as E!, USA and MSNBC will be part of a new company.