Versant Capital Structure Details Coming Soon, Cable Spinoff Will Have Options – Comcast CFO

With Comcast on track to spin off Versant by year end, CFO Jason Armstrong said more details of the standalone linear network company are coming soon and the new entity will enter the world solid and with “lots of options.” Comcast and all traditional media companies faced a choice amid cable’s inexorable decline as subscribers dwindle but the business still throws off cash. “Either they are cash generating and permanently in support of the existing growth businesses, or they are separable,” Armstrong posi ...