Oct 31 (Reuters) - Comcast ( CMCSA ) is considering

spinning out its cable networks business into a new company, the

broadband and media giant said on Thursday, as cord cutting

hammers earnings in the unit.

"We are now exploring whether creating a new

well-capitalized company owned by our shareholders and comprised

of our strong portfolio of cable networks would position them to

take advantage of opportunities in the changing media

landscape," the company said on its earnings call.