Comcast is breaking up with NBCU. Why did it ever buy it in the first place?

Today on Decoder, I’m talking with Peter Kafka, who is chief correspondent at Business Insider and host of Channels, a podcast about the media industry.

And it’s a big week for the media industry — Comcast just announced that it’s splitting itself up, into the Comcast broadband company and the NBCUniversal entertainment company. That’s after the media giant spun out its cable assets like CNBC and MS.NOW into a new company called Versant earlier this year.

A quick note, by the way — longtime Vergefans know we’ve been disclosing that Comcast NBCUniversal was an investor in our parent company, Vox Media, for years now. That’s come to an end — not only did that investment spin out with Versant, but Vox Media itself is splitting in two, and that Versant stake now lives inside of a shell company that is part of a joint venture with...

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