The Future of Security Has Gone Autonomous

The K7 isn't a concept. It's a real AI robot that operates nonstop, cutting expenses while boosting protection. Designed for massive facilities and mixed terrain, it's built to scale.

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

DAVID BAUDER
November 21, 2024

Comcast's corporate reorganization means that there will soon be two television networks with "NBC" in their name -- CNBC and MSNBC -- that will no longer have any corporate connection to NBC News.

How that affects viewers of those networks, along with the people who work there, still needs to shake out. Their new corporate leader, Mark Lazarus, visited the set of MSNBC's "Morning Joe" as the plan was being announced on Wednesday and spoke to network staff members during a morning conference call to address concerns.

Comcast is spinning off most of its cable networks, also including USA, Oxygen, E!, SYFY and the Golf Channel, into a separate company. That recognizes how streaming is considered the future and the cable networks are a drag on the bottom line.

In the space of a lifetime, the networks went from upstarts aside a legacy operation like NBC to profitable superstars to castoffs.

Questions range from the simple to complex

Lazarus, chairman of the NBC Universal Media Group, is becoming CEO of the newly-formed company of cable networks, temporarily dubbed "SpinCo." Cesar Conde, who as NBC Universal News Group chairman had oversight of CNBC and MSNBC, will lose those networks from his portfolio, yet remain in charge of NBC News, NBC News Now streaming, Telemundo and the news operations of the NBC-owned local stations.

The presence of Lazarus and Anand Kini, who will be chief operating officer and chief financial officer of SpinCo, is a good sign for the new company, said Jessica Reif Ehrlich, research analyst for the Bank of America. "You can't dismiss it as getting rid of the crappy assets, because these are talented executives," she said.

At MSNBC, questions about the future range from the simple -- will it even keep its name? -- to the complex.

MSNBC's staff and studios are based in the same Rockefeller Center offices as NBC News, and it was unclear on Wednesday whether they will remain or move elsewhere, Lazarus told MSNBC employees.

MSNBC's relationship with NBC News has caused some awkwardness, particularly as the network has become known for its stable of liberal commentators while still attached to a news division that stresses impartiality. For much of MSNBC's broadcast day, NBC News journalists like Katy Tur, Jose Diaz-Balart, Chris Jansing and a host of reporters appear on the network.

It's unclear whether arrangements could be made for that cross-pollination to continue -- where will Steve Kornacki land, for example? -- or if MSNBC will bear the expense of building out its own newsgathering operation or lean more heavily into commentary.

It's a nervous time at MSNBC for other reasons. The network has seen a dramatic drop in viewership since Donald Trump's election victory, although it is common that news networks that appeal primarily to one side of a political divide lose viewers when their candidates are defeated. History shows most viewers return, and MSNBC executives anticipate that.

Less clear is whether a second Trump administration will make life difficult. Trump ally Steve Bannon, on his radio show last week, sent out a specific warning to the network's anchors and producers. "You better be worried," he said. "You better lawyer up."

'A bittersweet thing'?

CNBC launched in 1989, while MSNBC started in 1996. They have seemed inextricably bound with the broadcast network since, and the sharing of legal, promotional, technical and other support is something else that needs to be worked out.

With its financial concentration, CNBC has been more independent of NBC News than its cable brethren. With offices in Englewood Cliffs, N.J., its operation is even physically separate. However, NBC News often taps CNBC reporters for their business expertise on broadcast and its streaming service.

For both MSNBC and CNBC, the current sharing of legal, promotional, technical and other support services with NBC News will have to be worked out.

"I completely empathize with people who think this would be a bittersweet thing," Lazarus said, according to MSNBC. "I think it's exciting because very few times in life you get to have the opportunity to be part of what I'll call a 'well-funded startup.'"

Despite the old-school nature of a company of cable properties, Comcast executives are bullish on its prospects, noting that many of them produce profits individually. And there's the potential for buying other networks undervalued by big media companies.

Andrew Ross Sorkin, host of CNBC's "Squawk Box," said on "Morning Joe" Wednesday that the two cable news networks produce "extraordinary profits" for Comcast that are not being reinvested in cable properties.

"If you could take that money that's coming off of these channels and invest in the businesses as an independent entity, what will that ultimately look like"?" Sorkin asked. "Could you use that money to go make other acquisitions? Could you make investments in the business itself? That's the big question."

One piece of advice from Bank of America's Ehrlich: Keep the names. "Those are pretty big brand names," she said. "I would not advise them to change."

___

David Bauder writes about media for the AP. Follow him at http://x.com/dbauder.

Continue Reading...

Popular

Flying-Taxi Maker Archer Loses Altitude As Investors Question Costly Airport Move

Archer Aviation Inc. (NYSE: ACHR) shares down on Q3 results and plans to acquire Hawthorne Airport for $126 million.

Criminal case against Boeing over deadly 737 Max plane crashes is dismissed by a US judge

A federal judge in Texas has agreed to dismiss a criminal conspiracy charge against Boeing in connection with two that killed 346 people.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Qatar Airways to sell its holdings in Hong Kong's Cathay Pacific for $896 million

DUBAI, United Arab Emirates (AP) — Qatar Airways will sell its stake in Hong Kong-based Cathay Pacific Airways in a share buyback valued at $896 million, the companies announced, ending the Qatari carrier's .

The K7 Is Bringing Physical AI to Life - Ad

From ports to campuses, the K7 is delivering 24/7 coverage with real-time intelligence. It's the moment where automation meets necessity and the result could change how America protects itself.

Former colleagues pay tributes to pilots killed in UPS cargo plane crash in Kentucky

LOUISVILLE, Ky. (AP) — Former colleagues are mourning three pilots killed in a in Louisville, Kentucky, as relatives of a man who was pulled from the wreckage confirm he’s among those who died.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough - Ad

For decades, toxic chemotherapy defined cancer care. This biotech's innovative approach could finally change that. With early results showing precision without poison, this story is one investors will want to see early.

Hegseth says he wants the Pentagon to prioritize speed over cost when buying weapons

WASHINGTON (AP) — said Friday the Pentagon is revamping how the military buys weapons, shifting the focus away from producing advanced and complex technology and toward products that can be made and delivered quickly.

Monster Stock Climbs After Q3 Earnings Beat: Details

Monster Beverage shares were up after the company released its third-quarter earnings report after Thursday's closing bell.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Can Solana Do What Bitcoin Can't? Amplify's New ETF Aims For 36% Income

Amplify ETFs, the issuer known for thematic and income-driven fund products, has just launched the Amplify Solana 3% Monthly Option Income ETF (BATS:SOLM), a first-of-its-kind product combining the growth momentum in Solana (CRYPTO:

Attackers board a ship off the coast of Somalia after firing rocket-propelled grenades

DUBAI, United Arab Emirates (AP) — Attackers firing machine guns and rocket-propelled grenades boarded a ship off the coast of on Thursday, British officials said, likely the latest assault by resurgent Somali pirates operating in the region.

Another Gold High? Here's the Move Wall Street Is Missing ... - Ad

Gold just surged past $4,200, up 45% in a year - but Sean Brodrick says $6,900 could be next. History shows when gold booms, one hidden play has delivered far bigger gains - 21x, 49x, even 1,386x. The same strategy once handed 26,000% profits. And Sean says it's back on the table now.

Why Is Sigma Lithium Stock Gaining Friday?

Sigma Lithium posts Q3 revenue of $28.5M, EPS loss narrows to 10 cents, as sales volumes rise 21% and lithium prices jump 33% Q/Q.

Some Social Security Recipients Won't Have To Wait Until 2026 For COLA Hike

Social Security and SSI recipients will receive a 2.8% cost-of-living adjustment in 2026, with SSI beneficiaries seeing the increase a day earlier due to a federal holiday.

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

E.I. isn't science fiction anymore. It's already here. And one little-known company is quietly supplying the systems behind it. This stock is still under Wall Street's radar... but not for long. You'll get the name, the ticker, and the full thesis inside.

Dramatic videos show the UPS plane ablaze and crash in a massive fireball

LOUISVILLE, Ky. (AP) — Videos from phones, cars and security cameras captured the tragic final moments of a as it caught fire and crashed in a massive explosion just outside Louisville's airport, killing at least 12 people and carving a path of destruction on the ground.

MP Materials Sets Stage For Heavy Rare Earth Breakthrough In 2026

MP Materials Corp. (NYSE: MP) rose on mixed quarterly results, with progress on domestic rare earth separation boosting long-term outlook.

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger - Ad

Since Amazon's IPO in 1997, it climbed enough to turn $100 into $250,000. Now, one man says Elon Musk could be gearing up to take his internet satellite giant public... in what Fortune magazine says will be the biggest IPO in history! James Altucher is sharing how ANYONE can get a pre-IPO stake... with as little as $100!

Why Did Expedia Shares Jump Nearly 15% In After-Hours Trading?

Expedia shares jumped nearly 15% in after-hours trading Thursday after the company reported stronger-than-expected third-quarter results.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

MSNBC's name is being replaced, but its leaders insist that its mission will remain the same

NEW YORK (AP) — Asked what viewers should expect when television's MSNBC makes its from NBC News final this weekend, network president Rebecca Kutler points to a poster on the wall of a conference room at its new offices off Times Square.

America's Next Security Revolution Has Begun - Ad

Built for endurance, powered by AI, and proven in the field, the K7 is redefining protection for ports, energy hubs, and cities across the nation. The rollout is already underway.

Cathie Wood's New Bitcoin Target: 'Only' $1.2 Million By 2030—And Stablecoins Are To 'Blame'

Ark Invest has adjusted its long-term bullish outlook on Bitcoin (CRYPTO: BTC) from $1.5 million by 2030 down to $1.2 million, citing the rapid rise of stablecoins as a factor for its downward revision.

Robinhood Beats Earnings Expectations — Yet HOOD Drops 10%

Robinhood doubles revenue but shares drop 6% after CFO Jason Warnick announces retirement, raising concerns over leadership stability.

The Future of Security Has Gone Autonomous - Ad

The K7 isn't a concept. It's a real AI robot that operates nonstop, cutting expenses while boosting protection. Designed for massive facilities and mixed terrain, it's built to scale.

Dave Ramsey Reveals Why Millionaires Crush Mortgages Early

Dave Ramsey advises buying a home with cash, citing his firm's survey of millionaires who often retire their mortgages in about 10 years.

Forge Global Stock Rockets 53% After Hours On Charles Schwab Buyout Buzz

Forge Global shares surged over 53% in after-hours trading Wednesday to $40 following acquisition reports.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trump no-show at big Asian economic forum may risk US reputation in region

GYEONGJU, South Korea (AP) — A hot mike caught U.S. President Donald Trump saying that his much-anticipated meeting Thursday , meant to settle the most important trade relationship in the world, would be “three, four hours” and he would then fly back to Washington.

The K7 Is Bringing Physical AI to Life - Ad

From ports to campuses, the K7 is delivering 24/7 coverage with real-time intelligence. It's the moment where automation meets necessity and the result could change how America protects itself.

Hedera Gets Its First ETF: Canary's HBAR Fund Lets Investors Tap Into The Tokenization Boom

Canary Capital Group’s new fund, the Canary HBAR ETF (NASDAQ:HBR), launched on Oct 28, marking a significant expansion of investors’ access to digital assets outside of Bitcoin and Ethereum.

Peloton Stock Rallies After Q1 Earnings: Here's Why

Peloton stock climbs after the company released its first-quarter earnings report after Thursday's closing bell.

After 50 Years of Chemo, One Biotech Could Lead the Next Cancer Breakthrough - Ad

For decades, toxic chemotherapy defined cancer care. This biotech's innovative approach could finally change that. With early results showing precision without poison, this story is one investors will want to see early.

Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

Wedbush analysts Dan Ives and Scott Devitt raise the price target on Amazon stock from $330 to a Street high of $340

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service