Versant Media plunges on debut after Comcast spinoff
ReutersJan 5, 2026 2:50 PM
Cable networks co Versant Media Group's VSNT.O shares fall ~14% to $40 on first day of trading
Comcast CMCSA.O completes spinoff of cable networks division into VSNT; includes channels such as CNBC and USA Network
Existing CMCSA shareholders received one share of VSNT Class A or Class B common stock for every 25 shares of CMCSA Class A or Class B common stock, respectively
Spinoff VSNT headed by Mark Lazarus as CEO
Versant's assets generate ~$7 bln in annual revenue, co says
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