David Novak Named Chairman of Comcast's SpinCo as Separation Finalizes

SpinCo, set to become an independent, publicly traded media company, will include major cable networks and digital assets with projected annual revenue of $7 billion.

• David Novak, co-founder of Yum! Brands and former Comcast board member, has been appointed chairman of SpinCo.
• SpinCo will operate independently after its separation from Comcast, expected to be completed by the end of 2025.
• The company will include cable networks like MSNBC, USA, CNBC, and digital platforms such as Fandango and Rotten Tomatoes.
• Mark Lazarus, a longtime NBCUniversal executive, will serve as SpinCo's CEO alongside Novak's leadership.
• SpinCo's extensive portfolio is projected to reach over 65 million U.S. households and generate $7 billion in annual revenue.

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