00:00Versant Media Group, spun off from Comcast, begins trading on the Nasdaq today as one of the few traditional media companies to go public amid industry disruption.
00:10The company holds a portfolio of major cable networks and digital brands, positioning itself around news, sports, and expanding digital assets despite declining cable viewership.
00:21Versant reported falling revenue over recent years but remains profitable, generating more than $7 billion in revenue and $1.4 billion in net income in 2024.
00:33Executives say the company's future growth strategy will focus on digital acquisitions and investments as the media sector continues to consolidate.
Be the first to comment