Comcast Announces Completion of Separation of Versant Media Group, Inc.

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regular-way trading financial

Regular-way trading is the standard process for buying and selling securities where the trade is completed and ownership is transferred on the market’s normal settlement date (commonly two business days after the trade). It matters to investors because it determines when you legally own the shares, when payment is due and when you qualify for dividends or other corporate actions—think of it like a purchase with a fixed delivery date that affects your rights and responsibilities.

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class b common stock financial

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation today announced the completion of its previously announced separation of Versant Media Group, Inc. into a separate public company, effective as of 11:59 p.m. Eastern Time on January 2, 2026. Versant will commence regular-way trading today on Nasdaq under the ticker symbol VSNT.

Comcast shareholders received one share of Versant Class A common stock or Versant Class B common stock for every 25 shares of Comcast Class A common stock or Comcast Class B common stock, respectively, held at the close of business on the record date of December 16, 2025. The distribution of Versant shares occurred after the close of trading on Nasdaq on January 2, 2026.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and PJT Partners LP served as financial advisors to Comcast, and Davis Polk & Wardwell LLP served as legal counsel.

About Comcast Corporation

Comcast Corporation (NASDAQ: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

About VERSANT

VERSANT (NASDAQ: VSNT) is an industry-changing media and entertainment business and home to trusted brands that shape culture, inform audiences, and build lasting connections. It operates across four core markets: political news and opinion, business news and personal finance, golf and athletics participation and sports and genre entertainment. These markets are served through a powerful portfolio of iconic and innovative brands, including CNBC, MS NOW, USA Network, Golf Channel, Oxygen, E!, SYFY, along with complementary digital assets including Fandango, Rotten Tomatoes, GolfNow and GolfPass. Visit www.VersantMedia.com for more information.

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Source: Comcast Corporation