On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions.

Comcast's decision to spin off most of its cable networks has split NBCUniversal linear networks' into two groups. Here is why Bravo is staying.

In a move that could portend more changes in the declining business of traditional television, Comcast, the parent company of NBC, announced plans on Wednesday morning to break off several of its cable channels and put them into a separate company.