Comcast said Monday that it plans to spin off NBCUniversal into a separate publicly traded company, the latest shift in an industry grappling with rapid technological change and new consumer habits.

Comcast is planning to split off NBCUniversal as a separate company, creating two titans — one in cable and internet service and another in media and entertainment — that will remain independent, Comc...

Comcast's current co-CEO Mike Cavanaugh will become CEO of the new media and entertainment company, which will be called NBCUniversal.