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19.03.25 - 17:36
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David Novak to Chair Comcast′s “SpinCo” (Business Wire)
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Seasoned executive and public company director to bring significant expertise in strategy, brand development and capital markets to the future publicly traded company board
NEW YORK--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that David Novak will become Chairman of the Board of Directors of “SpinCo,” the company's planned spin-off of select media brands and digital businesses. Mr. Novak previously served as the Co-Founder, Chairman and CEO of YUM! Brands, Inc. and will bring nearly 40 years of experience leading and growing well-known consumer brands to the new company's board.
SpinCo will be a leading independent publicly traded media company comprised of well-known brands, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel, along with complementary digital assets Fandango, Rotten Tomatoes, GolfNow and SportsEngine.
“As Comcast separates this business, we're excited that SpinCo will have the talent and success of David Novak as its new Chairman,”...
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