Comcast has officially spun off its cable channels, including CNBC and MS NOW, into a separate company, Versant Media Group.
Comcast has completed its separation of Versant Media, which owns CNBC, MS Now, USA Network & will trade on the NASDAQ.
Comcast (CMCSA) looks undervalued: margin expansion, Versant spinoff, and theme park/EBITDA growth plus a 4.42% dividend.
Versant Media Group Inc., the parent of CNBC, USA and other cable-TV networks, fell 13% in its first official day of trading ...
Versant shares fell after they started trading on the stock market Monday, completing the company's spin-off from former parent Comcast.
The split took effect on January 2 and Versant shares began trading on Nasdaq under the ticker symbol VSNT on Monday morning.
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Shares of newly public Versant Media fell on the first day of trading as an independent public company, closing down 13% at ...