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VERSANT (Nasdaq: VSNT) completed its spin-off from Comcast and began independent trading on Nasdaq on January 5, 2026. The separation was effected via a pro rata distribution of 1 share of VERSANT common stock for every 25 shares of Comcast held as of the December 16, 2025 record date, with the distribution completed after the close on January 2, 2026.
VERSANT launches as a standalone media and entertainment company operating across four core markets — political news and opinion, business news and personal finance, golf and athletics participation, and sports and genre entertainment — via a portfolio of brands including CNBC, MS NOW, USA Network, Golf Channel, E!, SYFY, Fandango, Rotten Tomatoes, GolfNow, GolfPass, and SportsEngine. Management cites a strong balance sheet, strong margins, and substantial cash flow as foundations for its capital allocation framework and growth strategy.
Comcast completed the separation of Versant Media Group, Inc. (NASDAQ: VSNT), effective Jan 2, 2026 at 11:59 p.m. ET. Versant began regular-way trading on Nasdaq under ticker VSNT on Jan 5, 2026.
Comcast shareholders received one share of Versant Class A or Class B common stock for every 25 Comcast Class A or Class B shares held as of the record date of Dec 16, 2025. The Versant distribution occurred after the close of trading on Nasdaq on Jan 2, 2026. Goldman Sachs, Morgan Stanley and PJT Partners served as financial advisors; Davis Polk served as legal counsel.
VERSANT (NYSE:VSNT) will host its inaugural Investor Day on December 4, 2025 in New York City as it prepares to spin off from Comcast and become an independent, publicly traded media company. The event will be webcast live on www.CMCSA.com.
Senior leaders scheduled to present include CEO Mark Lazarus, COO/CFO Anand Kini, and other members of VERSANT’s leadership team. Presentations will cover VERSANT’s vision, strategy, business model and financial priorities, and outline priorities across four core markets: political news and opinion, business news and personal finance, golf, and sports and genre entertainment.
The company said its portfolio will include brands such as USA Network, CNBC, MS NOW, Oxygen, E!, SYFY, Golf Channel and digital assets Fandango, Rotten Tomatoes, GolfNow, SportsEngine.
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