Comcast's cable channel spinoff plan is prompting a restructuring that will give NBCUniversal Chief Content Officer Donna Langley more turf and a new home for longtime executive Mark Lazarus.

The new venture will house channels like E!, USA and MSNBC, and Comcast is set to announce several leadership changes.

MSNBC, CNBC, Syfy, E!, Oxygen, Golf Channel and USA Network will move to a spinoff company while Bravo will stay with NBCUniversal.

The move, which was first reported by The Wall Street Journal, is expected to be structured as a tax-free spinoff to Comcast shareholders that will take around a year to complete. The venture’s ownership structure will see Comcast chairman and CEO Brian Roberts hold a one-third voting stake, though he will not be on the spun-off entity’s board.

Comcast, one of the largest media conglomerates in the country, is planning to spin off its cable assets as part of a major shakeup of the company’s business, according to multiple reports.

Comcast Corp. stock rose in after-hours trading Tuesday after the Wall Street Journal reported the company is expected to announce a plan to spin off most of its cable TV networks.

TV channels including MSNBC and USA as it looks to reduce its exposure to a business that’s losing viewers and advertisers.

Comcast shares gained in extended trading Tuesday following a report the company is expected to announce plans Wednesday to spin off its NBCUniversal cable TV networks.