Comcast’s Versant spinoff is done — what’s inside VSNT and why CMCSA shares slid
NEW YORK, January 5, 2026, 09:30 EST Comcast (CMCSA) said on Monday it completed the spinoff of its NBCUniversal cable networks into Versant Media Group, distributing shares of the new company to existing investors. Versant (VSNT) began trading on Nasdaq and was down 3.5% in premarket trading. Comcast has said the assets generate about $7 billion in annual revenue. Reuters The separation lands as U.S. pay-TV bundles keep shrinking and streaming pulls viewers toward on-demand platforms. For Comcast, it peels off slower-growing cable channels that once anchored its media unit. Investors now get two stocks to price: Comcast’s remaining businesses