Versant reports smaller-than-expected revenue decline, unveils $1 billion buyback plan

March 3 (Reuters) - Versant Media reported a smaller-than-expected decline in quarterly revenue and unveiled a $1 ‌billion share buyback on Tuesday, in the first ‌results for the owner of CNBC and MS Now since ​it was spun out of Comcast. Shares of the company were up 5.6% in premarket trading. The results indicate Versant's legacy linear cable business is holding up better than ‌expected, even as ⁠the industry contends with a steady drop in traditional TV viewership amid the shift ⁠toward on‑demand stre ...