Versant Media
Coverage of Versant Media in the Nexus archive.
- Versant Media Group raised its full-year outlook as digital brands offset pay TV slide
Versant Media Group raised its full-year outlook because digital brands offset a slide in pay TV. Furthermore, the cable network spinoff from Comcast beat Wall Street estimates on earnings per share and revenue during the second quarter.
- Business model in terminal decline? Try a round of golf
Versant Media aims to revive its struggling business model by acquiring Full Swing, a golf simulator manufacturer. The purchase is positioned as a strategic move to re-enter the market.
- Comcast stock surges after it said it's spinning off its media businesses
Comcast announced plans to spin off its media businesses, including NBCUniversal and Sky, into two separate publicly traded companies through a tax-free process. The move caused its stock price to surge more than 25% in premarket trading, as the separation aims to provide greater strategic focus and growth opportunities for each business.