Comcast has announced plans to spin off its media businesses. This move will affect several major brands, including NBC and Peacock. The decision was made public on Monday morning, with Comcast stating that NBCUniversal, along with its European media arm Sky, will be spun off into a new company.

Further details about the spin-off, including information about the new company, can be found through CNN, as reported by KVIA ABC-7 in El Paso, TX.