1316 ET - Comcast's media assets are significantly undervalued by the market, which shortchanges the media and theme park assets embedded within NBCUniversal, BofA Securities analysts say in a note. However, the time may be right for Comcast to unlock the value of NBCU, given its apparent willingness to merge with another media company and the recent spinoff of its linear cable networks, as well as the successful launch of Epic Universe last year and Peacock approaching EBITDA breakeven, the analysts say. Comcast could do a tax-free spinoff of its NBCU assets into a standalone entity. It could do a subsequent consolidation of its cable assets, likely with Charter or potentially a wireless operator, the analysts say. "It appears imperative to us that NBCU will participate in some form of industry consolidation over the intermediate term," they say. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

January 12, 2026 13:16 ET (18:16 GMT)

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