Tuesday, March 3rd, 2026 – 3:00 pm
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On Tuesday, Versant Media Group reported its first earnings as a publicly traded company. The portfolio of networks, which includes CNBC, MS NOW (formerly MSNBC), USA Network, E! and Fandango, was spun off from Comcast in January.
Versant Media reported $6.69 billion in 2025 revenue, representing a 5% year-over-year decline. Advertising revenue in particular was $1.6 billion – a 9% YOY drop.
Comcast created Versant to separate out its declining cable assets from the high-performing digital assets like the Peacock streaming service. But that certainly doesn’t mean Versant is content to leave its cable networks out for dead.
