TLDR · MISCELLANEOUS

JEFF BEZOS WEIGHING POSSIBLE ACQUISITION OF CNBC CABLE NETWORK

nypost.com4 min read

Summary from the TLDR newsletter

Jeff Bezos has signaled his interest in buying CNBC. The network would serve as a credible 'neural voice' in his media portfolio. Bezos also owns the left-leaning Washington Post. Comcast plans to spin off its struggling cable assets by the end of the year. CNBC will become part of a publicly-traded company called Versant - there will be a two-year period where Versant will not be able to sell major assets without major tax implications.