JOURNAL ARTICLE

Comcast Cable Spinoff Versant to Buy Free TV Channel Provider.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Griffis, Kelcee 3 of 3

Abstract

The article focuses on Versant Media Group, a company being spun off from Comcast Corp., which is actively acquiring businesses to diversify beyond its primary cable-TV network operations. Versant has acquired Free TV Networks, which operates ad-supported channels like Outlaw and Busted, and Indy Cinema, a software provider for independent movie theaters, which will be integrated into Fandango. This strategic move comes as Comcast aims to shift its focus towards its NBC broadcast channel and Peacock online service, in response to declining viewership and advertising revenues in the cable-TV sector. Comcast plans to distribute shares of Versant to its stockholders after trading closes on January 2. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:189829112
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