The Globe and Mail reports in its Tuesday, June 30, edition that Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky. A Reuters dispatch to The Globe reports that the proposed separation will create one company anchored by Comcast's cable, wireless and business services arm, and another built around Universal theme parks, film and TV studios, NBC, Peacock and the European media business Sky. It unwinds 15 years of consolidation at the company, highlighting the strain from the rise of streaming and paving the way for future deals. It also alters the legacy of Comcast chief executive officer Brian Roberts, who stormed the media world in 2011 when he bought NBCUniversal in a deal that valued the entertainment giant at nearly $40-billion (U.S.). Since then, cord-cutting has eroded profits of the cable TV business of legacy media players, forcing them to seek scale to better compete with streaming giant Netflix. Comcast, which leans on cable for much of its cash flow, is also losing broadband customers to fixed wireless offerings from U.S. carriers such as T-Mobile and Verizon, and to fibre rivals that are aggressively building out networks.