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Buc-ee’s Expands: Discover the 4 Exciting New Florida Locations in 2024

Texas-based Buc-ee’s, known for its iconic Beaver Nuggets, has taken a significant step westward with the recent inauguration of its furthest location yet.

Earlier this month, Buc-ee’s welcomed eager fans in Goodyear, Arizona, just outside Phoenix, for the grand opening of its latest store. According to local news station KPNX, enthusiasts gathered hours in advance, eager to experience the bustling store on its first day.

At the ribbon-cutting ceremony, Buc-ee’s CEO, Arch “Beaver” Aplin III, suggested that more Arizona locations could be on the horizon, as reported by KPNX.

Although no specific details were disclosed, Buc-ee’s is already in the process of constructing or planning numerous new outlets across 16 different states. Discover where Buc-ee’s plans to introduce its mouth-watering brisket next:

Arkansas

In August, Buc-ee’s is scheduled to open its first-ever Arkansas location in Benton. Another location, in West Memphis, is expected to open in 2028.

Florida

Two locations in Fort Pierce and Tallahassee are forecast to open next year. Beyond that, Buc-ee’s is also working on a location in Ocala, slated for a 2029 opening, and in Port Charlotte.

Georgia

In March, Buc-ee’s broke ground on a store in Forsyth, about 60 miles south of Atlanta. If construction isn’t delayed, the location could open in 2027.

Indiana

Earlier this month, Nexstar’s WXIN/WTTV confirmed that documents filed with local authorities show Buc-ee’s is pursuing a location in Greenwood, south of Indianapolis. A proposal shows that 37 acres currently zoned for agricultural and residential purposes would be developed for the travel center.

The Texas retailer may also be considering a location in Whitestown, north of the state’s capital, the Indianapolis Business Journal reported.

Kansas

A location in Kansas City, expected to open next year, would also mark the state’s first-ever Buc-ee’s.

Kentucky

Delays have pushed back the opening date for the Buc-ee’s store in Oak Grove, along the Kentucky-Tennessee border. Local reporting shows it is now expected to open in 2029.

Louisiana

With two locations slated to open next year, in Ruston and Lafayette, Louisiana is gearing up for its first-ever Buc-ee’s stores.

Nebraska

Earlier this year, officials in Gretna, Nebraska, approved a plan that could result in the state’s first-ever Buc-ee’s store. Groundbreaking could happen this fall, according to local reporting.

North Carolina

The state’s inaugural Buc-ee’s is slated to open next year in Mebane, Nexstar’s WNCN previously reported.

Ohio

After its first-ever Buc-ee’s opened in April, Ohio is now awaiting a potential second location. Buc-ee’s and the Mansfield City County entered into a development agreement earlier this year, Nexstar’s WCMH reported, though a petition against the proposed store has gained traction.

South Carolina

Work has begun on a store in Hardeevile, according to local reporting.

Tennessee

In fall, a location in Murfreesboro is expected to open. Another store is under construction near Gallaway, which is set to open next year.

Texas

In August, Buc-ee’s will open yet another Texas location, this one in San Marcos.

Work is also reportedly underway on a store in Boerne.

Utah

While the Goodyear, Arizona, store holds the title as the westernmost Buc-ee’s, an approved location in Springville, Utah, will get close. It’s unclear when the store could open.

Virginia

A location in Stafford County, Virginia, also recently received approval. Meanwhile, a Buc-ee’s in New Kent County is targeting a 2031 opening.

Wisconsin

What is expected to be the northernmost Buc-ee’s is set to open next year in Oak Creek, south of Milwaukee.

According to Buc-ee’s, it takes about 18 to 24 months to build a travel center once construction begins.

Detroit Lions’ Terrion Arnold Faces Legal Troubles with Kidnapping and Robbery Allegations

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Detroit Lions’ cornerback Terrion Arnold could face a life sentence after being apprehended in relation to an armed robbery case.

The 23-year-old Arnold turned himself in to the authorities on June 24 and now confronts four counts each of robbery with a firearm or deadly weapon, as well as kidnapping, based on Hillsborough County jail records available to Oxygen.

Arnold is accused of orchestrating the kidnapping of three men who were lured to a Florida apartment and then robbed, beaten and held at gunpoint, according to a statement from the The State Attorney’s Office in Hillsborough County. 

Arnold reportedly suspected the victims involved in the theft of property exceeding $200,000 from his Airbnb. However, prosecutors stated there is “no evidence to prove the victims were behind the theft.”

A representative for Arnold has denied any involvement in the alleged crime.

“Terrion Arnold firmly denies any participation in the incidents connected to the accusations against him and asserts his innocence,” CEO of EAG Sports Management Denise White communicated in a statement released to Oxygen. “There is no credible evidence linking Mr. Arnold to these claims. The government seems to be basing its case on the accounts of several convicted felons, who have admitted their own roles in the incidents and could have compelling reasons to deflect blame to mitigate their sentences.”

Terrion Arnold Accused of Orchestrating Kidnapping and Beating of Three Men

Tampa Police said the incident began Feb. 1 after “multiple items of personal property belonging to Arnold and others” totaling more than $250,000 were stolen from the Airbnb Arnold was renting.

Arnold allegedly suspected his personal driver and two of the driver’s associates were behind the theft, according to the Detroit Free Press. 

Arnold, Boakai Hilton, Jr., 23, Freddie Hughes, 27, and a fourth individual reported the theft to the Largo Police Department on Feb. 3, police said.

But later that same day, police said Arnold and Hilton allegedly decided to take matters into their own hands and enlisted two teen girls—Arianna Del Valle and Jasmine Randazzo—to lure the victims to an apartment.

The three victims drove to the apartment around midnight on Feb. 4 to see the teens, unaware that Christion Williams, 24, and Lyndell Hudson II, 26, were hiding inside a closet of one of the bedrooms awaiting their arrival, per the Tampa Police.

“When the victims went in the bedroom,” police said, “they said Williams and Hudson grabbed them, held them at gunpoint and hit them.”

Arnold, Hilton and Hughes were allegedly streaming the incident as they made their way to the apartmentl, police said. Arnold and Hilton are also accused of giving directions to the alleged attackers through a group chat message.

When the trio arrived at the property about an hour later, the alleged attack was still going on. Arnold—who was deemed the “primary conspirator” by police—allegedly directed Hilton, Hughes and another individual to go inside the apartment. 

Hughes, Hudson and Williams allegedly stole property belonging to the victims as the beating continued. The victims were then were escorted outside at gunpoint and forced into their vehicle, before they left the scene, police said.

The victims later reported the incident to police and identified their attackers, authorities said.

Arianna Del Valle and Jasmine Randazzo Plead Guilty, Agree to Testify

On June 24, Del Valle and Randazzo, both 19, pled guilty for their roles in luring the victims to the property and have agreed to testify against their co-defendants. In exchange, prosecutors said Randazzo was sentenced to four years in a Florida State Prison, along with six years of probation. De Valle will face sentencing at a later date.

Hilton, Hudson, Hughes and Williams are all currently being held without bond. All four have entered pleas of not guilty, according to court records reviewed by Oxygen. Oxygen also reached out to their attorneys, but did not receive an immediate reply.

Arnold is also currently being held without bond, per jail records.

“Mr. Arnold looks forward to his day in court,” White told Oxygen, “and is confident that the judicial process will lead to his ultimate vindication.”

If convicted, prosecutors said he could be facing life in prison.

“No one has the right to take the law into their own hands,” State Attorney Suzy Lopez noted in the statement from prosecutors. “A dispute over missing property does not justify kidnapping, violence, or retaliation.”

She added that Arnold’s arrest was the culmination of  “months of investigative work.”

“We will continue to pursue justice for the three victims,” she said, “by holding everyone accountable for their roles in this crime.”

In a statement to NFL.com the Lions said they were “aware of the legal situation regarding Terrion Arnold,” but declined to comment further, citing the ongoing legal proceedings.

Teresa Giudice’s Daughter Milania Speaks Out on Assault Arrest: Exclusive Update

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Milania Giudice, daughter of “Real Housewives of New Jersey” star Teresa Giudice, has spoken out for the first time about her recent arrest for assault. Addressing the incident, she remarked, “Sh-t happens in life,” illustrating her candid approach to the situation.

In a TikTok video released on Monday, the 20-year-old shared her perspective, saying, “It is what it is, you gotta learn from it. Just become a better person and talk about it.” These words reflect a mature attitude toward personal growth and accountability.

Milania, a familiar face in the Bravo universe, confessed that the arrest happened during a challenging period of her life back in May. “I was not in a good area in my life,” she admitted, hinting at a turbulent phase that preceded the incident.

She continued by explaining, “That happens, I’ve been through a lot in life and some other stuff happened to me.” Milania also addressed misconceptions about her life, saying the public may not know the full story: “Just because you guys think you know everything that happens in my life, you just really don’t.”

Commencing her video, Milania put an end to circulating rumors, clarifying that the supposed mugshot of her is not making rounds on social media. With this, she invites her followers to look beyond sensationalized headlines and buzz.

“I have one thing to say, I’m going to save the rest for tomorrow. But that ‘mugshot’ of me, if you guys really believe. That’s AI,” she insisted.

“I ate down in my mugshot,” the University of Tampa student added. “I looked fire. I mean, nothing to be proud of.”

Milania ended her video by reiterating that she “can’t believe” her fans think the mugshot photo is real.

“But that’s all I have to say for tonight,” she concluded.

Page Six confirmed Milania was arrested on May 14 for domestic violence, and charged with one count of simple assault, per a press release from Montville Township Chief of Police Andrew Caggiano.

The reality star set to appear in court on May 19, but apparently no plea was entered.

If you or someone you know is affected by any of the issues raised in this story, call the National Domestic Violence Hotline at 1.800.799.SAFE (7233) or text START to 88788.

US Military Lends Support to Venezuela in Earthquake Aftermath Efforts

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Efforts by the U.S. military are underway to aid Venezuela, which was hit hard by lethal earthquakes last week.

“Under the orders of the U.S. Southern Command (SOUTHCOM), military assets from the U.S. continue to arrive in Venezuela today as part of the ongoing earthquake relief mission that the Venezuelan government requested, coordinated by the U.S. State Department,” SOUTHCOM announced in a press statement on Sunday.

SOUTHCOM highlighted that their operations remain entirely self-reliant, with personnel executing their mission without any dependence on local resources, striving relentlessly to provide essential aid to Venezuelans.

On Sunday, Jorge Rodríguez, President of the Venezuelan National Assembly, reported that the death toll from the earthquakes had escalated to 1,450.

V-22 Osprey aircraft in Venezuela

A U.S. military V-22 Osprey aircraft lands in Caraballeda, La Guaira state, Venezuela, on June 27, 2026, as part of rescue operations following earthquakes. (Federico PARRA / AFP via Getty Images)

“Marines on the ground, saving lives,” SOUTHCOM declared in a Sunday post on X.

“U.S. Marines in Venezuela are supporting U.S. and international first responders during search and rescue efforts in areas hardest-hit by the earthquakes,” the post, which included several photos, continued.

TRUMP ADMINISTRATION PLEDGES $150M IN AID, DEPLOYS NAVY WARSHIPS AFTER DEADLY VENEZUELA EARTHQUAKES

“The @DeptofWar continues to work closely with the @StateDept to support earthquake relief efforts and deliver assistance to the Venezuelan communities of greatest need. At the direction of #SOUTHCOM, U.S. military forces are supporting U.S. disaster assistance to the people of Venezuela in the aftermath of the June 24, 2026, earthquakes,” the post noted.

U.S. Marine helping in Venezuela

First responders aid a U.S. Marine climbing through rubble amid a search for survivors following earthquakes in Venezuela. (U.S. Southern Command on X)

“Racing against the clock to save lives in Venezuela: First responders assist a U.S. Marine climbing through rubble during a search for survivors in earthquake-damaged structures,” SOUTHCOM wrote in a different post on X. “Operating day and night, these crews continue to support international search and rescue operations across the hardest-hit communities.”

Revealing the Untold Marital Stories of Country Music Sensation Sam Hunt

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It’s been a long stretch since fans of Sam Hunt last enjoyed a fresh album—2,274 days, to be exact. The wait for new music has been a topic of discussion and anticipation within the music industry and among his fans.

Hunt’s previous album, “Southside,” was released in 2020 and marks one of only two LPs in his discography. Despite his enduring popularity, his fans have had little new music to celebrate. The last time Hunt released a single, “Liberty,” was way back in November 2024.

Hopes were rekindled when Hunt embarked on an 18-date tour last year, sparking speculation that new tracks might be on the horizon. However, the tour concluded without any new releases, leaving fans wondering what’s next.

Considering Hunt’s impressive achievement of amassing over 16 billion all-time global streams— a billion of which are solely attributed to his megahit “Body Like a Back Road”—his absence from the studio is puzzling. Nashville, the heart of the country music scene, is undoubtedly buzzing with questions about his next move.

So, what has kept this chart-topping artist away from releasing new music?

Hunt, 41, has been living a slower life. The five-time Grammy-nominee’s posts have given fans a glimpse of his life away from the spotlight: fishing, bird hunting with his father and spending time with his three children, Lucy Louise, Lowry Lee and Weyman Allen, who he shares with his wife Hannah Fowler.

Sam Hunt's apparent retreat from music has been a hot topic of conversation in Nashville

Sam Hunt’s apparent retreat from music has been a hot topic of conversation in Nashville

His wife Hannah Lee Fowler, 40, is said to be behind Hunt’s decision to ease up on his music career, with one insider telling the Daily Mail that she offered him somewhat of an ultimatum

His wife Hannah Lee Fowler, 40, is said to be behind Hunt’s decision to ease up on his music career, with one insider telling the Daily Mail that she offered him somewhat of an ultimatum

It is Fowler, 40, who is said to be behind Hunt’s decision to ease up on his music career, with one insider telling the Daily Mail that she offered him somewhat of an ultimatum.

‘He is a homebody and loves his family, his farm but he also loves music. It’s been a long-time point of contention that those two things clash for Hannah,’ one insider told us. ‘The label got an EP and some singles out of him recently but touring heavily is probably not on the table for right now.’

Fowler’s concerns are not arbitrary. For the couple, who married in 2017, have had a tumultuous relationship, punctuated by a brief divorce filing in 2022. Fowler cited ‘inappropriate marital conduct.’ They never went ahead with the split, instead reconciling and welcoming their first child, daughter Lucy, just weeks later.

But sources claim Fowler has ‘always had a tight grip on [Hunt]’ even before allegations of his infidelity.

The two are believed to have met sometime in 2008 when Hunt was playing football for the University of Alabama Birmingham. Theirs was a rocky start, with the couple on and off until it finally ended when he moved to Nashville to kickstart his music career.

After the immense success of his debut album – named after Fowler’s hometown of Montevallo, Alabama – he told Entertainment Tonight how he flew to Hawaii where she was living seven times before finally convincing her to move to Nashville with him.

‘I had never visited Montevallo, but right before I left to go to Nashville, I met a girl from there,’ he told E! News in 2014. ‘A lot of the experiences I had with her and the relationship I had with her, that inspired a lot of the song writing on the album.’

After another brief off-again stint, Hunt announced in January of 2017 he had proposed to Fowler in Israel ‘by the Sea of Galilee.’ On par with their relationship, the proposal followed a fight the two had gotten into, he said.

Hunt, 41, performed a handful of gigs last year, but hasn't released a single since 2024 or an album since 2020 (pictured performing at Country Summer Music Festival in 2025)

Hunt, 41, performed a handful of gigs last year, but hasn’t released a single since 2024 or an album since 2020 (pictured performing at Country Summer Music Festival in 2025)

‘When he goes back on tour, he could be back to his shenanigans,' our insider said. '[Hannah] wants to keep him home to keep an eye on him’

‘When he goes back on tour, he could be back to his shenanigans,’ our insider said. ‘[Hannah] wants to keep him home to keep an eye on him’

The couple, who met sometime in 2008, have three children together

The couple, who met sometime in 2008, have three children together  

‘Something came up that irritated her and I realized this may mess up my big plan to ask her to marry me that night, and it kind of agitated me more about this issue,’ he said. ‘It turned into this kind of fight that, fortunately, led to the perfect opportunity to ask her to marry me. So this little altercation we had actually worked out. It was a special moment.’

But their marriage, just months later, didn’t end the early alleged volatility – it seemingly got worse.

Sources claim there was always talk of his alleged promiscuity – something Hunt himself has alluded to in his lyrics. ‘I’ve gone off the deep end, company I’m keeping is messing me up/ The good girls at home sleeping, while I’m out creeping ’til the sun comes up,’ he sings on Single for the Summer.

In 2019 he was arrested for DUI in East Nashville after officers caught him swerving in and out of lanes and driving on the wrong side of the road. He pleaded guilty to two counts of DUI and was sentenced to 11 months and 29 days in jail with all time suspended except for 48 hours. He also lost his license for a year, had an interlock installed in his vehicle and attended an alcohol safety course.

Six years later, Hunt was arrested once again in Tennessee, this time for speeding and violating an interlock device. He was jailed and released the same day on $1,500 bond. He did not face any charges.

‘Sam’s wife had to deal with him getting caught driving drunk,’ one industry insider said of the incident. ‘So would you want your husband to ever do anything again?’ 

Hunt has often addressed his wife’s support in his lyrics, in particular how Fowler struggled with being a public figure.

Sources claim there was always talk of his alleged promiscuity - something Hunt himself has alluded to in his lyrics (pictured performing in 2017)

Sources claim there was always talk of his alleged promiscuity – something Hunt himself has alluded to in his lyrics (pictured performing in 2017)

In 2019 Hunt was arrested for DUI in East Nashville after officers caught him swerving in and out of lanes and driving on the wrong side of the road (mugshot pictured)

In 2019 Hunt was arrested for DUI in East Nashville after officers caught him swerving in and out of lanes and driving on the wrong side of the road (mugshot pictured)

On his 2020 single Locked Up he sang: ‘I knew you were down for me back when we met / But I didn’t know how down for me you’d really get / When you picked up my pieces and my only call.’

He sang about their earlier troubles on Drinkin’ Too Much, which was released two days before their engagement was announced in 2017.

‘I never wanted to be a heartbreaker / Turn your sisters and their friends into matchmakers,’ he sings on the track. ‘I know you think my dreams came true / Since you been gone, singin’ these songs are just something to do / The only dream I ever had was you.’

So it’s perhaps no surprise that Fowler would have reservations about him hitting the road.

‘Sam is literally one of the nicest humans in country music,’ said our insider. ‘Unfortunately, he’s in love with someone who has basically made it clear that if he loves her and wants her, he needs to take a step back from the music and touring and focus on her.

‘When he goes back on tour, he could be back to his shenanigans. She wants to keep him home to keep an eye on him.’

The decision is a sucker punch for many Country Music execs who feel the genre needs Hunt.

‘What’s missing from the genre right now? It’s Sam Hunt in a significant way. If Sam Hunt walked in right now and did the exact thing he did ten years ago, he would save Country Music,’ a second insider said.

His retreat from the music scene is a sucker punch for many Country Music execs who feel the genre needs Hunt. 'If Sam Hunt walked in right now and did the exact thing he did 10 years ago, he would save Country Music,’ a second insider said

His retreat from the music scene is a sucker punch for many Country Music execs who feel the genre needs Hunt. ‘If Sam Hunt walked in right now and did the exact thing he did 10 years ago, he would save Country Music,’ a second insider said

Another added: ‘Sam started the whole content Golden Age. He was the first person in Country that was making highly-produced content that was strictly for social media and documenting touring in a big way. That lit the whole industry on fire and now he couldn’t be further away from that.’

Further away in both a figurative and literal sense, with Sam seemingly hiding out in his four-bedroom cabin outside of Nashville.

Hunt’s fans and the industry are in alignment in wanting more from him. His most recent post on Father’s Day left many wondering if new music was finally coming.

Even the caption, ‘Blackberries growing on the property line, staining little hands that look like mine,’ led many to believe he was teasing lyrics for an upcoming song.

‘This is what you call RICH IN LIFE. I’m seeing and hearing new music inspiration,’ one comment read.

Another added: ‘I’m hoping this means new song, which means new album, which means new tour.’

But unfortunately for fans, an industry exec has said there are ‘no rumblings of new music.’

‘He’s taken a back step,’ they said. ‘He’s taking time to focus on his family. I haven’t heard of anything imminent but he’s the kind of artist that could surprise us with something at any moment.’

The Daily Mail has contacted representatives for Hunt for comment. 

Breakthrough Pancreatic Cancer Drug Offers New Hope for Advanced Stage Patients

CHESTERFIELD COUNTY, Va. (WRIC) — A groundbreaking experimental drug is offering a new glimmer of hope for patients battling pancreatic cancer—even those with advanced conditions.

Clinical trials have unveiled the potential of this new treatment, which not only extends the survival time of patients considerably—almost doubling it—but achieves this with significantly fewer side effects compared to traditional chemotherapy. This promising drug could soon become available at Virginia Commonwealth University’s (VCU) Massey Comprehensive Cancer Center.

Known as daraxonrasib, this drug is being hailed as a major breakthrough in the fight against pancreatic cancer. According to doctors Ricardo Bello and Jose Trevino at the Massey Center, it represents a significant advancement in treatment options.

Despite pancreatic cancer accounting for only around 3% of all cancer cases in the United States, it stands as the fourth leading cause of cancer-related deaths, underscoring the critical need for more effective treatments.

Daraxonrasib works by directly targeting and combating a specific mutation in the ‘KRAS’ gene, a mutation known to spearhead the growth of cancerous tumors.

“About 90% of patients, even 95% of patients have mutations in the RAS pathway, in that family of genes,” Dr. Bello said. “But it was considered to be un-druggable.”

But a clinical trial showed patients’ life expectancies nearly doubled, from 7 months on chemo to 13 months with daraxonrasib.

It’s also in pill form, which means patients could administer it at home and avoid the injections for chemotherapy.

“This is giving hope where were, to some degree, hopeless,” Dr. Trevino said. “Patients who have already been treated with systemic therapy, that are already metastatic, were considered hopeless. That there was nothing more we could do. And now, this drug is giving promise.”

Daraxonrasib has not been approved by the FDA yet. The findings from the clinical trial are under review. The Massey Center is working on getting the medication for eligible patients while they wait for approval.

You can learn more about daraxonrasib and the results of the clinical trial here.

Comcast Restructures: NBCUniversal Spin-Off Ushers in New Chapter

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Comcast announced on Monday its decision to divide its operations into two distinct companies. This strategic move will spin off NBCUniversal and Sky into a separate media entity, while Comcast retains its broadband and wireless services under its original corporate umbrella.

In an official statement, the company highlighted that this tax-free spinoff will empower each entity to independently drive its strategy, invest in growth opportunities, and enhance shareholder value.

Following the news, Comcast’s shares surged by $4.85, marking a 21% increase to reach $28.02 during premarket trading.

This reorganization will establish NBCUniversal as a standalone media and entertainment company. It will encompass Universal theme parks and networks such as NBC and Sky. Meanwhile, the assets remaining under Comcast will include brands like Xfinity, Xfinity Wireless, and Comcast Business.

The move follows earlier announcements from November 2024 when Comcast revealed plans to separate various cable networks like USA, Oxygen, E!, SYFY, and Golf Channel, as well as CNBC and MSNBC, into a new company. Additionally, Fandango, the movie ticketing platform, and Rotten Tomatoes, the popular movie rating site, were also part of this spinoff plan.

Like other cable companies, Comcast in recent years has shifted its business emphasis away from traditional cable toward streaming and other sources of revenue, such as its movie studio, theme parks and home wireless and internet services.

Leadership of the new companies

Comcast co-CEO Mike Cavanagh will become the CEO of NBCUniversal. Comcast’s former chief financial officer, Michael Angelakis, will become the CEO of Comcast following completion of the separation. In the interim, he will serve as a strategic adviser. 

Comcast chairman and co-CEO Brian Roberts will continue to be actively involved in the leadership of Comcast and NBCUniversal, working in partnership with the CEOs of both companies.

Comcast will retain a 19.9% ownership stake in NBCUniversal, the statement said. The transaction is expected to be completed in about 12 months.

Stephen Smith

contributed to this report.

Comcast to Restructure: NBC and Sky Set for Spinoff in Two-Company Strategy

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Comcast revealed on Monday its strategic decision to divide its media and technology sectors into two separate publicly traded entities. This move is a response to the shifting landscape in the entertainment industry, where more consumers are turning away from traditional TV packages in favor of streaming services.

The company’s plan involves a tax-free spinoff, which will split NBCUniversal and Sky into an independent media company. Meanwhile, the core of Comcast will focus on its broadband, wireless, and business services operations. This initiative marks a significant restructuring, aiming to better align with the evolving market demands, as per the company’s official statement.

The closing of this transaction is anticipated to occur within a year, pending necessary regulatory and board approvals.

The back of a white Comcast service truck with the company logo.

Comcast announced plans to split into two separate companies. AP Photo/Gene J. Puskar

Investor confidence surged with the announcement, propelling Comcast shares to rise by as much as 26% during early trading sessions. Once the transaction is finalized, Comcast shareholders will hold shares in both the newly formed media company and Comcast’s core business.

Comcast shareholders will own stock in both companies once the transaction is completed.

Comcast said it expects to retain a stake of up to 19.9% in NBCUniversal for up to one year following the separation before gradually monetizing the holding.

“This is a very exciting day for our company,” Comcast CEO Brian L. Roberts said in the press release.

An "MS NOW" billboard in Times Square announces the MSNBC rebranding.

MS NOW is formerly MSNBC and owned by Versant. Bloomberg via Getty Images

“The transaction we are announcing will unlock a more entrepreneurial management approach and open up a multitude of new opportunities for each business.”

Under the shakeup, Mike Cavanagh will become CEO of NBCUniversal, while former Comcast Chief Financial Officer Michael Angelakis will return to lead Comcast as CEO following completion of the separation.