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Comcast Spinoff Versant Announces Board of Directors. Here's the Slate
UNITED STATES, JUL 24 – Versant Media Group will operate independently with $7 billion in annual revenue and reach over 65 million U.S. households, housing NBCUniversal's cable networks and digital assets.
- Thursday, Comcast announced the first board of directors for Versant Media Group, unveiling its planned spin-off of NBCUniversal's cable networks and digital businesses for an independent company.
- Expected before the end of this year, the spin-off will create Versant as an independent media company comprising USA Network, CNBC, MSNBC, Oxygen, E!, Syfy, Golf Channel, Fandango, Rotten Tomatoes, GolfNow and SportsEngine.
- According to Versant, eight new board members have diverse backgrounds in media, technology, finance and other industries, noting their brands reach over 65 million U.S. households and generate about $7 billion annually.
- Prospective CEO Mark Lazarus said `The announcement of the future Board marks a critical milestone`, while David Novak said `I am pleased to welcome this accomplished team`.
- On Monday, July 21, 2025, Versant signage appeared on the floor of the New York Stock Exchange, and after the spin-off is completed before the end of 2025, Versant will operate as an independent company.
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According to the original report, Comcast has announced the names of members who will be part of the first board of directors of Versant Media Group. This new entity is a split of Comcast that will assume much of NBCUniversal's cable networks, such as USA Network, CNBC and MSNBC. The formation of this board is a significant step towards the execution of the split, which is scheduled to be completed this year. Key figures such as Versant's CEO, M…
Coverage Details
Total News Sources15
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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