Comcast considering cable subscriber spinoff, Bloomberg reports

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

Comcast (CMCSA) reportedly is considering options for how to divest ~3M cable subscribers as part of a takeover of Time Warner Cable (TWC), including spinning them off in a new publicly-traded company.

Regulators may push for the spin-out option because it would create a new competitor; such a new company would be the fourth-largest U.S. cable company by subscribers, trailing the merged CMCSA-TWC, Cox Communications and Charter Communications (CHTR).

Comcast also may have received interest from several companies that want to buy the cable assets; Charter is interested, Liberty Media (LMCA) CEO Greg Maffei said today on a conference call, and Bright House Networks and Suddenlink are said to have expressed interest.

Comcast hasn’t picked which cities would be divested or spun out, and sources say it won’t make a decision for at least three months as regulators examine the TWC deal.