Comcast spun off its cable networks into Versant Media, which began trading publicly on Jan. 5, 2026.

Comcast separated its cable networks, including USA Network, CNBC, MS NOW, SYFY, and the Golf Channel, into a new publicly traded company that started trading on Nasdaq under the ticker VSNT on January 5, 2026, completing the spinoff of Versant Media Group. Finalized following a pro rata distribution to Comcast shareholders, the move represents a strategic change as Versant operates independently under its own leadership, including CEO Mark Lazarus, while Comcast concentrates on streaming and film. Additionally, Versant makes roughly $7 billion a year, owns digital platforms like Rotten Tomatoes and Fandango, and intends to grow into streaming and new content endeavors. Early trading saw a decline in its stock, which was indicative of market uncertainty.