About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Viewpoint - Comcast is preparing to spin off Versant by the end of the year, with CFO Jason Armstrong indicating that the new entity will be well-positioned and have multiple options available [1][3] Group 1: Spin-off Details - The spin-off is a strategic decision made by Comcast as traditional media companies face declining cable subscriptions while still generating cash [1] - The upcoming Form 10 filing will provide details on Versant's strategy and capital structure, which will be conservatively leveraged [2] Group 2: Company Structure and Focus - Versant will be led by CEO Mark Lazarus and is in the process of establishing its executive team and board of directors [4] - The new company will include cable channels such as MSNBC, CNBC, E!, Syfy, Golf Channel, Oxygen, and USA, along with digital assets like Fandango and Rotten Tomatoes [5] Group 3: Comcast's Future Focus - Post-spin-off, Comcast will retain a streamlined mix of approximately 60% of its former business, focusing on high-growth areas such as streaming with Peacock and NBC's entertainment assets [3]