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Mike Cavanagh, the company’s president, said on an earnings call that Comcast might transfer the cable networks owned by its NBCUniversal division—including Syfy, Bravo, and USA Network—into a new company.

The deal will give the three companies rights to telecast NBA games beginning with the 2025-26 season and running through the 2035-36 season. TNT Sports claims to have matched Amazon’s offer to keep the rights, yet the league said it did not.

Comcast Corporation presented its Q1 results. Although it exceeded earnings forecasts, its stock price fell more than 6%.

Comcast’s new President Mike Cavanagh unveiled a significant revamp of the company’s senior management ranks, with Donna Langley, Mark Lazarus and Cesar Conde gaining significant promotions.

César Conde, quien actualmente está a cargo de NBC News, CNBC, MSNBC y NBC News Now, continuará en su cargo pero ampliará sus funciones para liderar NBCUniversal Local y Telemundo Enterprises.