Moffett: WBD Seems Best Pairing for Spun-Off Comcast Cable Networks

Comcast's spun-off cable networks clearly will consider deals, though whether they're bought or buy other networks remains to be seen, MoffettNathanson's Craig Moffett noted Tuesday. The spinoff makes deals far more likely since, as a publicly traded company, it will have a market-derived valuation and be easier for the sides to reach mutually agreeable terms, he said. Taxation issues mean no deal happens before 2026, at the earliest, he added. Its large cable portfolio "make[s]" Warner Bros. Discovery "the most natural dancing partner" for a deal.