Versant Shares Dip On Day One As Comcast Spinoff Settles Into NYC Headquarters, Looks To Future

Shares of newly public Versant Media fell on the first day of trading as an independent public company, closing down 13% at $40.57. Executives led by CEO Mark Lazarus were on hand at the Nasdaq market for the debut of the newly standalone entity that houses TV networks and complementary digital businesses, including CNBC, MS NOW formerly MSNBC), USA Network, Golf Channel, Oxygen, E!, SYFY, Fandango, Rotten Tomatoes, GolfNow, GolfPass and SportsEngine. Comcast announced about a year ago plans to separate de ...