NBCUniversal and Sky will be spun off into separate companies.

NBCUniversal and Sky spun off as ex-CFO Michael Angelakis returns to become CEO

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Comcast is set to divide into two separate, publicly traded entities, spinning off its NBCUniversal and Sky media assets. This strategic move will create distinct companies: one…