Comcast Board Approves Separation Of Cable Networks Into New Versant Media Group In January

Comcast’s Board of Directors approved the separation of the company’s cable television networks and complementary digital platforms from its remaining businesses to create an independent, publicly traded company called Versant Media Group in early January. The spinoff has been a year in the making and comes as the Philadelphia-based media giant is bidding to acquire the studio and streaming businesses of Warner Bros. Discovery amid a massive transformation of the media landscape. It will trade on the Nasda ...