NBCUniversal’s linear networks are being split into two groups, with NBC, Bravo and Spanish-language broadcaster Telemundo staying within Comcast alongside streamer Peacock and the TV studios and the rest moving to stand-alone offshoot SpinCo. As for how the lines were drawn among the English-language nets, a simplistic answer would be paraphrasing James Carville’s 1992 quip, “It’s the streaming, stupid.” Deadline’s Nellie Andreeva digs deep into the seismic change.