Comcast will explore spinning off its cable networks. It’s the opening step in restructuring of one of the world’s largest media companies.

Comcast Corp. is working with investment bank Morgan Stanley to evaluate options for its cable networks, according to people familiar with the matter, after announcing this week it’s considering divesting the business.

Comcast is exploring the idea of making a stand-alone company for its cable networks. The American multinational telecommunications and media conglomerate is the second-largest cable provider in the United States,

Comcast is contemplating the prospect of spinning off its cable networks into its own, standalone company, writes Ryan Mulligan for the Philadelphia Business Journal. The Philadelphia media and technology conglomerate is also open to partnerships with its streaming platform,