As a standalone company, we enter the market with the scale, strategy and leadership to grow and evolve our business model,” says CEO Mark Lazarus.

The split took effect on January 2 and Versant shares began trading on Nasdaq under the ticker symbol VSNT on Monday morning.

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key ...

Comcast and Warner Bros. Discovery are reevaluating their linear cable strategy, and sports is at the heart of it, even if the leagues and sports owners are looking ahead to streaming. By Alex Weprin Senior Editor When Comcast decided to spin off its cable ...

New York (CNN) — Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan. The spinoff is expected to be formally ...

The spinoff is Comcast’s response to shifting market dynamics in the media industry, as streaming pressures traditional cable TV viewership.