NBC Spins Off Cable Networks into New Company
Update: 2025-12-04
Description
NBCs parent company, Comcast, is spinning off several cable networks into a new company called Versant, effective January 2, 2026. Versant will include MSNBC, CNBC, E!, USA, Oxygen, Golf Channel, Fandango, and Rotten Tomatoes. Shareholders will receive one Versant share for every 25 Comcast shares. The move aims to boost NBC and Peacocks growth, as cable networks face declining revenue and viewership due to streaming platforms. NBCUniversal will retain Bravo, while Versant will be led by CEO Mark Lazarus and trade on Nasdaq under V S N T.
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