Entertainment
Versant Posts Lower Second Quarter Revenues and Profits After Comcast Spinoff
The CNBC and MS NOW owner, led by Mark Lazarus, has raised its full-year 2026 revenues and EBITDA guidance for the second half of the year.
AI Summary
Versant, the NBCUniversal spinoff that operates CNBC, MSNBC, USA, Golf Channel and other cable assets, posted lower second‑quarter revenue and profit after its split from Comcast. For the quarter ending June 30, revenue fell 3.8 percent to $1.64 billion, with linear distribution revenue dropping 6.3 percent to $954 million as the company contends with a shrinking pay‑TV market.
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