Comcast hires Morgan Stanley to advise on spinoff of Cable Networks

According to people familiar with the matter, Comcast Corp. with investment bank Morgan Stanley to explore options for its cable networks after it announced this week it would sell the business.

Morgan Stanley is helping Comcast, a cable provider and media company, explore scenarios for the networks, the people said. Comcast owns cable networks including MSNBC, CNBC, E! and Bravo, among others. No details were given as to which of these might be split off, but it could still choose to keep them.