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

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions.

As the financial vlaue of cable television drops, expected, Comcast, as expected, announced they were spinning off a number of cable networks into a new company