JOURNAL ARTICLE

Comcast Cable Spinoff Makes Acquisitions, Sets Kalshi Tie-In.

  • 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 Inc., which is being spun off from Comcast Corp. and is actively acquiring companies to diversify beyond its core cable-TV network business. Versant has acquired Free TV Networks, known for its ad-supported channels, and Indy Cinema, which provides software for independent theaters, to enhance its offerings. The company aims to generate half of its revenue outside traditional pay-TV, with projected sales of $6.6 billion and earnings of $2.2 billion for the year. Additionally, Versant plans to launch a direct-to-consumer product related to its cable news channel, MS Now, and has formed a partnership with Kalshi Inc. to integrate prediction market data into CNBC's newsroom. [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:189829130
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