Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a Comcast is spinning off NBCUniversal’s cable television networks into a separate publicly traded company.

The new publicly traded company is set to debut next year, with a bundle of channels that also includes Oxygen, E! and Syfy.

In a move that could portend more changes in the declining business of traditional television, Comcast, the parent company of NBC, announced plans on Wednesday morning to break off several of its cable channels and put them into a separate company.