"Versant is now officially a publicly traded media company after completing its long-planned spin-off from Comcast, a move that now separates a portfolio of cable and news networks from the media conglomerate. The split took effect at 11:59 p.m. ET on January 2 and Versant shares began trading on Nasdaq under the ticker symbol VSNT on Monday morning after the distribution to Comcast shareholders after markets closed on Thursday."
"Following the spin-off, Comcast retains control of its major entertainment and international assets, including NBC, Telemundo, Universal, Peacock and Sky. Those businesses will continue to operate within Comcast's core structure. Versant now assumes ownership of a collection of cable and news brands, including CNBC, the newly renamed MS NOW (formerly MSNBC), USA Network, SYFY, Golf Channel, Oxygen, E!, and Rotten Tomatoes."
Versant completed its planned spin-off from Comcast and began trading on Nasdaq under the ticker VSNT after the separation took effect at 11:59 p.m. ET on January 2. Comcast shareholders received one share of Versant Class A or Class B common stock for every 25 shares of Comcast held at the December 16, 2025 record date. Comcast retains NBC, Telemundo, Universal, Peacock and Sky within its core business. Versant now owns a portfolio of cable and news brands including CNBC, MS NOW, USA Network, SYFY, Golf Channel, Oxygen, E!, and Rotten Tomatoes. The move responds to pressures on traditional cable amid changing subscriptions and advertising markets and mirrors similar industry spins.
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