Comcast Surges on Media Spinoff Plan
Comcast NASDAQ:CMCSA surged as much as 25% after announcing plans to spin off its media businesses, a move LightShed Partners analyst Rich Greenfield said was long overdue.Greenfield told CNBC that NBCUniversal's assets had been trapped inside Comcast and valued at only 4 to 5 times EBITDA. He said…