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Brian Roberts’s plan to spin off NBCUniversal opens up an array of tantalizing strategic possibilities for a number of competitive suitors—from Netflix to Amazon and beyond. And while the theme park business is solid, who can really make the most of the linear assets that Roberts is casting off?
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On Monday, shortly after Brian Roberts announced his intention to split Comcast and NBCUniversal into their own pure-play companies—the latest tectonic shift in the industry’s long and protracted dismantling—he stressed to investors that this was “absolutely not” a prelude to future mergers and acquisitions. Needless to say, dear reader, absolutely no one believes that.
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