MSNBC and other NBCUniversal cable channels currently under the Comcast umbrella will be under new ownership soon, as their parent company is going forward with plans to spinoff these assets.

Comcast acquired NBCUniversal in 2011, giving it ownership of channels such as MSNBC, CNBC, SyFy, and E!. While these and several other NBCUniversal networks generated roughly $7 billion for the network in the year ending Sept. 30, Comcast has opted to do without these networks following consideration of the idea last month, according to a report from the Wall Street Journal.