Comcast leadership are queuing up to separate the operator’s cable TV networks from the NBCUniversal division – creating a separate company which in theory would be better incubated from the streaming cyclone. The strategy is clear: cut its legacy products free (CNBC, MSNBC, USA Network, etc.) so that digital-first services (Peacock, Now TV) can fly. A move to spin-off Comcast’s networks business would unlock resources to invest in NBCU’s flagship Peacock streaming service, free from the financial drag of legacy cable and broadcast properties. However, a fine balance is needed to manage shared resources, such as content rights and infrastructure, while ensuring that the ensuing branding fragmentation is not a complete farce. Speaking of farcical situations, comparisons with Comcast’s cable…