Comcast Corporation (CCZ) completes Versant Media Group share distribution

Rhea-AI Filing Summary

Comcast Corporation has completed the previously announced spin-off of Versant Media Group, Inc., separating its portfolio of cable television networks and digital platforms into an independent company. The separation became effective at 11:59 p.m. Eastern Time on January 2, 2026.

Comcast distributed 100% of Versant’s Class A and Class B common stock to holders of Comcast Class A and Class B common stock of record as of December 16, 2025, at a rate of one Versant share for every 25 Comcast shares. Fractional Versant shares will be sold in the open market and eligible Comcast stockholders will receive cash for their fractional interests. After the distribution, Comcast no longer owns any Versant shares, and Versant Class A stock trades on Nasdaq under the symbol “VSNT.”

Insights

Equity & Corporate Actions Analyst

Comcast completed the spin-off of Versant, fully separating those media assets.

Comcast Corporation has finalized the separation of Versant Media Group, Inc., which holds cable networks and digital platforms. The transaction was executed as a pro rata stock distribution effective at 11:59 p.m. Eastern Time on January 2, 2026, using a one-for-25 share ratio based on Comcast holdings.

Stockholders of record on December 16, 2025 received Versant Class A or Class B shares matching their Comcast share class. Fractional Versant shares will not be issued; instead, they will be aggregated, sold in the market, and stockholders will receive cash equal to their proportional share of the net proceeds.

Following the distribution, Comcast no longer retains any ownership interest in Versant, and Versant Class A common stock trades on Nasdaq under the symbol VSNT. Future filings from both companies may provide more detail on Versant’s standalone performance and Comcast’s post-spin business mix.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549 

FORM 8-K

CURRENT REPORT

 Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 2, 2026

Comcast Corporation

(Exact Name of Registrant

as Specified in its Charter)

Pennsylvania

(State or Other Jurisdiction of Incorporation)

001-32871	27-0000798
(Commission File Number)	(IRS Employer Identification No.)

One Comcast Center Philadelphia, PA		19103-2838
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (215) 286-1700

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Class A Common Stock, $0.01 par value		CMCSA		The Nasdaq Stock Market LLC
0.000% Notes due 2026		CMCS26		The Nasdaq Stock Market LLC
0.250% Notes due 2027		CMCS27		The Nasdaq Stock Market LLC
1.500% Notes due 2029		CMCS29		The Nasdaq Stock Market LLC
0.250% Notes due 2029		CMCS29A		The Nasdaq Stock Market LLC
0.750% Notes due 2032		CMCS32		The Nasdaq Stock Market LLC
3.250% Notes due 2032		CMCS32A		The Nasdaq Stock Market LLC
1.875% Notes due 2036		CMCS36		The Nasdaq Stock Market LLC
3.550% Notes due 2036		CMCS36A		The Nasdaq Stock Market LLC
1.250% Notes due 2040		CMCS40		The Nasdaq Stock Market LLC
5.250% Notes due 2040		CMCS40A		The Nasdaq Stock Market LLC
5.50% Notes due 2029		CCGBP29		New York Stock Exchange
2.0% Exchangeable Subordinated Debentures due 2029		CCZ		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On January 5, 2026, Comcast Corporation (“Comcast”) issued a press release announcing the completion of the previously-announced separation of Versant Media Group, Inc. (“Versant”) from Comcast, effective as of 11:59 p.m. Eastern Time on January 2, 2026. The separation of Versant, which comprises a strong portfolio of cable television networks and complementary digital platforms, was achieved through Comcast’s distribution (the “Distribution”) of 100% of the shares of Versant Class A common stock and Versant Class B common stock to holders of Comcast Class A common stock and Comcast Class B common stock as of the close of business on the record date of December 16, 2025. Comcast stockholders of record 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. Fractional shares of Versant Class A common stock were not delivered in the Distribution. Any fractional share of Versant Class A common stock otherwise issuable to a holder of Comcast Class A common stock will be aggregated into whole shares and sold in the open market on such stockholder’s behalf, and such stockholder will receive a cash payment for the fractional share based on the stockholder’s pro rata share of the aggregate net cash proceeds of the sales.

Following the Distribution, Versant became an independent, publicly-traded company, and Comcast retained no ownership interest in Versant. Versant Class A common stock will commence regular way trading under the symbol “VSNT” on the Nasdaq Stock Market LLC.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 8.01.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press release issued by Comcast Corporation, dated January 5, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	COMCAST CORPORATION
Date: January 5, 2026	By:	/s/ Elizabeth Wideman
		Name:	Elizabeth Wideman
		Title:	Senior Vice President, Senior Deputy General Counsel and Assistant Secretary

FAQ

What corporate action did Comcast Corporation (CCZ) disclose in this 8-K?

Comcast disclosed that it completed the separation of Versant Media Group, Inc. into an independent company through a distribution of Versant shares to Comcast stockholders.

How did Comcast distribute Versant Media Group shares to its stockholders?

Comcast distributed 100% of Versant’s Class A and Class B common stock to holders of Comcast Class A and Class B common stock as of the December 16, 2025 record date.

What was the share distribution ratio for Versant Media Group in relation to Comcast stock?

Comcast stockholders of record received one share of Versant Class A or Class B common stock for every 25 shares of Comcast Class A or Class B common stock held.

How are fractional shares of Versant handled for Comcast stockholders?

Fractional Versant Class A shares are not issued. They are aggregated into whole shares, sold in the open market, and each Comcast stockholder receives cash equal to their pro rata share of the aggregate net proceeds.

Does Comcast retain any ownership interest in Versant after the separation?

No. Following the distribution, Versant became an independent, publicly traded company and Comcast retained no ownership interest in Versant.

On which exchange does Versant Media Group’s stock trade and under what symbol?

Versant Class A common stock trades on the Nasdaq Stock Market LLC under the trading symbol “VSNT.”

When did the separation of Versant Media Group from Comcast become effective?

The separation became effective as of 11:59 p.m. Eastern Time on January 2, 2026.