Comcast’s cable channel shake up could have industry wide ripple effects. Plus, Donna Langley is promoted to Chairman of NBCUniversal.

Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a Comcast is spinning off NBCUniversal’s cable television networks into a separate publicly traded company.

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