VSNT on Nasdaq

Versant

Logo: Versant ( Comcast Corporation ) - Catchword, Public domain, via Wikimedia Commons4

American media company, spin-off from Comcast

Versant Media Group, Inc., doing business as Versant, is an American multinational mass media and technology company. Versant is headquartered at 229 West 43rd Street in Midtown Manhattan in New York City, while technical operations and master control for its networks are housed at CNBC's world headquarters in Englewood Cliffs, New Jersey.3 Its shares trade on Nasdaq under the symbol VSNT.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$6.7BRevenue, fiscal 20255
$930.0MNet income, fiscal 20255

Compare with Nexstar Media Group, Liberty Media Corp or Sinclair Broadcast Group, or pick any stock.

  • TickerVSNT on Nasdaq1
  • Industrycable television1
  • HeadquartersNew York City1
  • Websitewww.versantmedia.com
  • Incorporated inPA6
  • Business addressOne Comcast Center, Philadelphia, Pa 191036
  • Filer categoryNon-accelerated filer6
Old NY Times Building 01
Photo: Trxr4kds ( talk ), Public domain, via Wikimedia Commons9

Versant Media Group, Inc., doing business as Versant, is an American multinational mass media and technology company. Versant is headquartered at 229 West 43rd Street in Midtown Manhattan in New York City, while technical operations and master control for its networks are housed at CNBC's world headquarters in Englewood Cliffs, New Jersey.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.0%Operating margin5
13.9%Net margin5
-5.3%Revenue growth, 20255
9.0%Return on equity5
0.10×Debt to equity5
$1.9BFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Linear Distribution brought in 61% of the revenue Versant broke down this way in fiscal 2025.

  1. Linear Distribution$4.1B561%down 5% from 2024
  2. Advertising$1.6B524%down 9% from 2024
  3. Platforms$826.0M512%up 4% from 2024
  4. Content Licensing And Other$193.0M53%down 9% from 2024
Products and services by year
Products and services202320242025
Linear Distribution$4.6B$4.3B$4.1B
Advertising$1.9B$1.7B$1.6B
Platforms$734.0M$795.0M$826.0M
Content Licensing And Other$213.0M$211.0M$193.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin22¢$1.5B
  • Other costs60¢$4.0B
  • Income tax4¢$297.0M
  • Profit14¢$930.0M

Out of $6.7B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending8¢$167.0M
  • Kept or used elsewhere92¢$1.9B

Out of $2.0B of cash from operations.5

Financial statements

Revenue5$6.7B in 2025−10% since 2023
0$2.0B$4.0B$6.0B$8.0B2023: $7.4B$7.4B20232024: $7.1B$7.1B2024−5%2025: $6.7B$6.7B2025−5%
Operating income5$1.3B in 2025−39% since 2023
0$1.0B$2.0B$3.0B2023: $2.1B$2.1B20232024: $1.8B$1.8B2024−11%2025: $1.3B$1.3B2025−31%
Net income5$930.0M in 2025−40% since 2023
0$500.0M$1.0B$1.5B$2.0B2023: $1.5B$1.5B20232024: $1.4B$1.4B2024−11%2025: $930.0M$930.0M2025−32%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$6.7B$7.1B$7.4B
Costs of revenue (exclusive of depreciation and amortization)$2.9B$3.1B$3.2B
Selling, general and administrative$1.5B$1.2B$1.2B
Depreciation and amortization$1.0B$989.0M$991.0M
Total costs and expenses$5.4B$5.2B$5.4B
Operating income$1.3B$1.8B$2.1B
Interest expense-$13.0M$0$0
Investment and other (loss) income, net-$31.0M$1.0M$0
Income before income taxes$1.2B$1.8B$2.1B
Income tax expense-$297.0M-$478.0M-$530.0M
Net income$931.0M$1.4B$1.5B
Less: Net income attributable to noncontrolling interests$1.0M$2.0M$0
Net income attributable to Versant$930.0M$1.4B$1.5B

Compare Versant with another company

Corporate structure

Versant sits at the top of its group. 93 entities, 9 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Versant

  • Versant New York City
    • Fandango Subsidiary · 75% · Los Angeles
    • Albatros Datenservice GmbH Subsidiary · Germany
    • Albatros Solutions (Pty) Ltd Subsidiary · South Africa
    • Blackstream Media, LLC Subsidiary · Georgia, United States
    • Blastr Productions LLC Subsidiary · Delaware, United States
    • BRS Golf Limited Subsidiary · United Kingdom
    • Business News (Asia) LLP Subsidiary · Singapore
    • Business News (Europe) Partnership Subsidiary · Delaware, United States
    • CNBC (UK) Limited Subsidiary · United Kingdom
    • CNBC Advertising (Shanghai) Co., Ltd. Subsidiary · China
    • CNBC LLC Subsidiary · Delaware, United States
    • CNBC Media Productions LLC Subsidiary · Delaware, United States
    • CNBC Productions of Louisiana LLC Subsidiary · Louisiana, United States
    • CNBC Publishing LLC Subsidiary · Delaware, United States
    • CNBC World LLC Subsidiary · Delaware, United States
    • Digital Golf Solutions SAS Subsidiary · France
    • E! Subsidiary · United States
    • E! Entertainment Television, LLC Subsidiary · Delaware, United States
    • E! Media Productions, LLC Subsidiary · Delaware, United States
    • E! Networks Productions, LLC Subsidiary · Delaware, United States
    • Exclamation Music, LLC Subsidiary · California, United States
    • EZLinks Golf Holdings, LLC Subsidiary · Delaware, United States
    • EZLinks Golf LLC Subsidiary · Delaware, United States
    • Fandango at Home, LLC Subsidiary · Virginia, United States
    • Fandango Holdings LLC Subsidiary · Virginia, United States
    • and 64 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Versant reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.0B5 Dec 31, 2025$548.0M5 Dec 31, 2024+89.4%
Accumulated depreciation$615.0M5 Dec 31, 2025$404.0M5 Dec 31, 2024+52.2%
Property and equipment, net$423.0M5 Dec 31, 2025$143.0M5 Dec 31, 2024+195.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$55.0M5 Dec 31, 2025$8.0M5 Dec 31, 2024+587.5%
Long-term investments$214.0M5 Dec 31, 2025$254.0M5 Dec 31, 2024−15.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.6B5 Dec 31, 2025$7.7B5 Dec 31, 2024−1.6%
Finite-lived intangibles, gross$9.8B5 Dec 31, 2025$10.0B5 Dec 31, 2024−2.2%
Accumulated amortization$8.8B5 Dec 31, 2025$8.1B5 Dec 31, 2024+9.0%
Finite-lived intangibles, net$924.0M5 Dec 31, 2025$1.9B5 Dec 31, 2024−50.6%

Properties, in its own words

We are headquartered in New York City, New York and lease our headquarters. Additionally, we own our key operational hub located in Englewood Cliffs, New Jersey. We also lease additional offices, studios, production facilities, among others, in numerous locations in the United States and around the world.

Item 2 of the 10-K filed Mar 3, 2026.12

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Announcement and lead-up

On October 31, 2024, Comcast president Michael J. Cavanagh disclosed that the company was exploring a plan to spin off NBCUniversal's cable networks. He explained that "like many of our peers in media, we're experiencing the effects of the transition of our video businesses and have been studying the best path forward for these assets," and that such a spin-off would "position them to take advantage of opportunities in the media landscape and create value for our shareholders."

On November 20, 2024, Comcast announced its intent to spin off most of NBCUniversal's cable networks and selected digital properties into a new publicly traded company controlled by Comcast shareholders. The spin-off aimed to separate the linear cable television networks and digital properties from NBCUniversal's flagship content production, distribution, and financing (Universal Studios); broadcasting (NBC and Telemundo); streaming (Peacock); and themed entertainment (Universal Destinations & Experiences) businesses, while providing them with the ability to make their own further investments and acquisitions. The spin-off would include assets such as USA Network, MSNBC, CNBC, Golf Channel, and E!, among others, as well as digital properties such as a 75% stake in Fandango Media, and SportsEngine (a technology platform for youth sports organizations, then part of NBC Sports Digital). Bravo and Universal Kids were excluded from the spin-off, with the former remaining under NBCUniversal due to it being a major provider of original content for Peacock, while the latter closed on March 6, 2025.

Initially referred to under the interim name "SpinCo," on May 6, 2025, it was announced that the company would be called Versant, a name developed by Catchword. Lazarus explained that Versant will be treated as a holding company and "house of brands"; a larger focus will be placed upon its individual properties rather than Versant being a public-facing brand, and decisions on digital operations (such as streaming) will be left to each network. Versant is also aiming to invest in non-media businesses that have synergies with its media properties, with Lazarus citing existing examples such as Golf Channel's ownership of the reservations platform GolfNow.

Questions were raised over how the spin-off would impact the synergies between Versant and the legacy divisions being retained by NBCUniversal, such as whether they would still be able to leverage resources from the NBC News and NBC Sports divisions or use the NBC name. Under its new president, Rebecca Kutler, MSNBC began expanding its newsgathering resources and Washington staff so it could operate with autonomy from NBC News. Versant will lease space for CNBC and MSNBC's Washington, D.C., bureaus at NBC's existing facility at 400 North Capitol. NBCUniversal will also provide advertising sales for Versant channels for two years after the completion of the spin-off, and the Versant channels participated in NBCUniversal's 2026 upfronts.

NBC Sports president Rick Cordella stated that the division would "fulfill every obligation" it currently has with the Versant channels; in August 2025, NBCUniversal and Versant renewed their rights to United States Golf Association (USGA) championships from 2027 through 2032, with USA Network and Golf Channel continuing to serve as the cable television home of the events post-split. It was the first major media rights deal negotiated by Comcast to incorporate Versant. Alongside its continued sublicensing of NBC Sports programming, it was later announced that Versant would also establish a separate USA Sports division to encompass Golf Channel and sports broadcasts on USA Network.

In June 2025, Versant leased space at 229 West 43rd Street in Times Square to serve as its headquarters. While the building was originally intended to be an interim location, Lazarus later announced that the company would lease additional space and make it its permanent headquarters, citing the building's central location and "operational effectiveness".

In October 2025, both CNBC and MSNBC began the process of formally separating themselves from NBC News. As part of the spin-off, the two channels and Golf Channel also underwent rebrandings to remove the overt use of NBC trademarks, such as the NBC name or the peacock logo, with MSNBC renamed "MS NOW" (a backronym of "My Source [for] News, Opinion, [and the] World"; a name that contained "MS", reflecting the network's original part-owner Microsoft, was chosen to maintain brand awareness, as "MS" had also been used as a shorthand name for the channel), CNBC adopted a new wordmark logo (it was able to keep "NBC" in its name due to the name originally being an initialism for "Consumer News and Business Channel", although Versant was still required to obtain a trademark license from NBCUniversal), and Golf Channel reinstated a version of its original logo.

In November 2025, AccuWeather announced an agreement to provide weather data and coverage for MS NOW and CNBC, including weather forecasts during their respective morning shows, Morning Joe and Squawk Box, and collaborating on coverage of weather events. The same month, Versant officially launched USA Sports to cover programming across its channels, including USA Network and Golf Channel. As not all of NBC Sports properties would be shared with USA Sports or vice versa, NBCUniversal would relaunch NBCSN in order to maintain a linear television outlet for NBC Sports (with the channel primarily simulcasting Peacock's sports properties).

Read the full text

Post spin-off (2026–present)

On December 3, 2025, the divestment was approved by Comcast's board of directors; Comcast began to distribute Versant shares to its shareholders beginning from mid-December, and the distribution was completed on January 2, 2026. The new company officially began trading on the Nasdaq on January 5, 2026. On December 4, 2025, Versant also announced that it would acquire digital multicast television network and FAST operator Free TV Networks (in a transaction that was completed on January 14, 2026), as well as Indy Cinema Group—a provider of cloud computing services for the cinema industry (via Fandango Media). Free TV Networks founder Jonathan Katz joined the company as an executive to continue overseeing the networks.

Later in December 2025, Versant renewed Golf Channel's content partnership with golfer Rory McIlroy (which primarily focuses on its GolfPass streaming service), and announced a new joint venture with the golfer known as Firethorn Productions, which will "produce original content and experiences that celebrate Rory's world and the modern golf lifestyle".

In January 2026, Versant announced its first content library sale, placing streaming rights to E!'s Keeping Up with the Kardashians with Hulu. While Versant retained on-air rights to 280 original episodes and a variety of specials and spinoffs, the deal unified streaming access to the first 14 years of Kardashian reality shows with the more recent The Kardashians series that has streamed on Hulu since 2022.

In April 2026, Versant announced that it would acquire the AI-based financial analytics platform StockStory for an undisclosed amount; it will primarily be integrated with CNBC.

Versant announced the sale of SportsEngine to PlayMetrics on May 1, 2026. On June 2, 2026, Versant invested in microdrama distributor GammaTime. On July 6, 2026, Versant announced that it would acquire the sports simulator manufacturer Full Swing for $530 million; the company will operate as part of Versant's Digital Platforms and Ventures division, and as part of the Golf Channel unit. The Full Swing acquisition was completed on August 3, 2026.

In July 2026, Versant entered early talks into acquiring film discussion platform Letterboxd, alongside Sony, Netflix and Paramount.

Versant reported second-quarter revenue of $1.644 billion and net income of $211 million on August 6, 2026. Revenue from Versant’s Platforms segment increased 9.3% year over year in the second quarter of 2026, excluding the impact of SportsEngine.

From Wikipedia’s article on Versant, shared under CC BY-SA 4.0.7

Leadership

Who has led Versant, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Subsidiaries and ownership

Subsidiaries

  • E!
  • USA Network

Also owns

Subsidiaries (Exhibit 21)

  • Albatros Datenservice GmbH Germany8
  • Albatros Solutions (Pty) Ltd South Africa8
  • BRS Golf Limited Northern Ireland8
  • Blackstream Media, LLC Georgia8
  • Blastr Productions LLC Delaware8
  • Business News (Asia) LLP Singapore8
  • Business News (Europe) Partnership Delaware8
  • CNBC (UK) Limited England & Wales8
  • CNBC Advertising (Shanghai) Co., Ltd. China8
  • CNBC LLC Delaware8
  • CNBC Media Productions LLC Delaware8
  • CNBC Productions of Louisiana LLC Louisiana8
  • CNBC Publishing LLC Delaware8
  • CNBC World LLC Delaware8
  • Digital Golf Solutions SAS France8
  • E! Entertainment Television, LLC Delaware8
  • E! Media Productions, LLC Delaware8
  • E! Networks Productions, LLC Delaware8
  • EZLinks Golf Holdings, LLC Delaware8
  • EZLinks Golf LLC Delaware8
  • Exclamation Music, LLC California8
  • FTV Acquisition Co, LLC Georgia8
  • Fandango Holdings LLC Virginia8
  • Fandango Loyalty Solutions, LLC Virginia8
All 89 listed subsidiaries
  • Fandango Marketing, Inc. Virginia8
  • Fandango Media, LLC Virginia8
  • Fandango Merchandising, LLC Virginia8
  • Fandango at Home, LLC Virginia8
  • Free TV Networks, LLC Georgia8
  • GolfNow Enterprises Inc. British Columbia8
  • Golfcolorado.com, LLC Colorado8
  • Golfnow, LLC Florida8
  • INDY Cinema Group Limited New Zealand8
  • INDY Cinema Group Ltd. Scotland8
  • INDY Cinema Group Pty Ltd Australia8
  • INDY Cinema Group, LLC North Carolina8
  • Incuborn Solutions, LLC Arizona8
  • LSS Football LLC New York8
  • MS NOW Cable LLC Delaware8
  • MS NOW Music Publishing LLC Delaware8
  • MS NOW Super Desk LLC Delaware8
  • MS NOW, LLC Delaware8
  • MTC Acquisition LLC Delaware8
  • MediaNaviCo LLC Virginia8
  • Mighty Ticket, LLC Virginia8
  • MovieTickets.com Promotions, LLC Virginia8
  • MovieTickets.com, LLC Virginia8
  • Music of Syfy Channel LLC Delaware8
  • Music of USA Cable Entertainment LLC Delaware8
  • Music of USA Network LLC Delaware8
  • National Center for Safety Initiatives, LLC Delaware8
  • NewCo Cable, Inc. Delaware8
  • O2 Holdings, LLC Delaware8
  • O2 Music, LLC Delaware8
  • Oxygen Cable, LLC Delaware8
  • Oxygen Media Interactive LLC Delaware8
  • Oxygen Media Productions LLC Delaware8
  • Oxygen Media, LLC Delaware8
  • PCA Productions LLC Delaware8
  • Papaya Holdings, LLC Delaware8
  • Sci Fi (VCSF) Holding LLC Delaware8
  • Sci Fi Lab Development LLC Delaware8
  • Sci Fi Lab LLC Delaware8
  • Spark EC Property Holdings, LLC Delaware8
  • Sports Cards LLC Kentucky8
  • SportsEngine Canada, Inc. British Columbia8
  • SportsEngine Holdings, LLC Delaware8
  • SportsEngine UK Limited Northern Ireland8
  • SportsEngine, LLC Delaware8
  • Syfy Channel Publishing LLC Delaware8
  • Syfy LLC Delaware8
  • Syfy Media Productions LLC Delaware8
  • TGC, LLC Delaware8
  • TST Events, LLC Minnesota8
  • TST Management Services LLC Minnesota8
  • TZGZ Productions LLC Delaware8
  • TeamUnify, LLC Oregon8
  • USA Cable Entertainment LLC Delaware8
  • USA Cable Entertainment Publishing LLC Delaware8
  • USA Network Media Productions LLC Delaware8
  • USA Network Publishing LLC Delaware8
  • Versant (Singapore) Holdings I Pte Ltd Singapore8
  • Versant (Singapore) Holdings II Pte Ltd Singapore8
  • Versant (UK) Holdings Limited England & Wales8
  • Versant Fandango Holdings, LLC Virginia8
  • Versant Media Holdings, Inc Pennsylvania8
  • Versant Media, LLC Delaware8
  • Versant Sports Mobile Apps, LLC Delaware8
  • Versant Television Networks, LLC New York8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 6, 20268-K Results of operations; Regulation FD disclosure30
  2. Jul 6, 20268-K Regulation FD disclosure31
  3. Jun 26, 20268-K Shareholder vote32
  4. May 14, 20268-K Results of operations; Regulation FD disclosure33
  5. Mar 3, 20268-K Results of operations; Regulation FD disclosure34
  6. Jan 7, 20268-K Bylaws or fiscal year changed35
  7. Jan 5, 2026New chief executive Mark H. Lazarus becomes CEO13
  8. Jan 5, 2026Went public Listed on NASDAQ1
  9. Jan 5, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation36
  10. Dec 8, 20258-K Regulation FD disclosure37

Calendar

Coming up

  1. Nov 3, 2026 · Before the openReports results for the quarter ending Sep/202638

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results30
  2. May 14, 2026Reported quarterly or annual results33
  3. Mar 3, 2026Reported quarterly or annual results34

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

84 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 8 major events, 52 insider forms, 7 large holders, 14 other. The latest 20:

  1. Sep 9, 2026S-8 EDGAR
  2. Aug 6, 202610-Q EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Jul 30, 2026SCHEDULE 13G/A EDGAR
  5. Jul 30, 20264 EDGAR
  6. Jul 6, 20268-K EDGAR
  7. Jun 29, 20264 EDGAR
  8. Jun 29, 20264 EDGAR
  9. Jun 29, 20264 EDGAR
  10. Jun 29, 20264 EDGAR
  11. Jun 29, 20264 EDGAR
  12. Jun 29, 20264 EDGAR
  13. Jun 29, 20264 EDGAR
  14. Jun 29, 20264 EDGAR
  15. Jun 29, 20264 EDGAR
  16. Jun 26, 20268-K EDGAR
  17. Jun 11, 2026DEFA14A EDGAR
  18. May 14, 202610-Q EDGAR
  19. May 14, 20268-K EDGAR
  20. May 5, 20264 EDGAR

The 84 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 7 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 13, 2026Potter LeonardDirectorBuy2,500$37.65$94.1KForm 4
Mar 12, 2026Potter LeonardDirectorBuy5,000$37.88$189.4KForm 4
Mar 11, 2026Potter LeonardDirectorBuy3,000$38.34$115.0KForm 4
Mar 10, 2026Potter LeonardDirectorBuy3,000$37.31$111.9KForm 4
Mar 9, 2026Conway Michael AaronDirectorBuy1,350$36.14$48.8KForm 4
Mar 9, 2026HASSELL GERALD LDirectorBuy10,000$36.07$360.7KForm 4
Mar 5, 2026NOVAK DAVID CDirectorBuy143,000$36.85$5.3MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.18,088,529$651.4M0.0%+729,968
Vanguard Portfolio Management LLC8,460,431$304.7M0.0%−399,743
Vanguard Capital Management LLC6,380,437$229.8M0.0%−69,189
Aqr Capital Management LLC6,003,282$214.1M0.1%+201,714
State Street Corp4,753,738$171.2M0.0%−178,905
Dodge & Cox4,472,367$161.0M0.1%−38,589
Norges Bank4,459,630$160.6M0.0%New
Geode Capital Management, LLC3,615,971$130.2M0.0%+1,719,020
Dimensional Fund Advisors LP3,107,587$111.9M0.0%+1,979,626
Goldman Sachs Group Inc2,795,429$100.7M0.0%+2,310,107
American Century Companies Inc2,237,611$80.6M0.0%+1,500,643
Qube Research & Technologies Ltd2,114,839$76.2M0.1%+1,014,503
Citadel Advisors LLC2,057,431$74.1M0.0%−855,353
DME Capital Management, LP1,922,172$69.2M1.8%−1,106,443
Morgan Stanley1,797,546$64.7M0.0%−6,211
Prudential Financial Inc1,651,778$59.5M0.1%+525,845
Fmr LLC1,339,528$48.2M0.0%−495,784
Northern Trust Corp1,313,938$47.3M0.0%+338,569
Charles Schwab Investment Management Inc1,273,733$45.9M0.0%−85,969
Arrowstreet Capital, Limited Partnership1,243,050$44.8M0.0%+188,937
Gotham Asset Management, LLC1,192,840$43.0M0.1%+298,857
Capital Research Global Investors1,183,060$42.6M0.0%+15,432
Gamco Investors, Inc. Et Al1,135,463$40.9M0.4%+24,097
Franklin Resources Inc1,134,208$40.8M0.0%−144,278
Renaissance Technologies LLC1,043,300$37.6M0.1%+740,400

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 5, 2026Kevin HernRepublican, HouseSale$1,001 - $15,000+13.1%Report
Jan 5, 2026Debbie DingellDemocratic, HouseExchange$1,001 - $15,000Report
Jan 2, 2026Nancy PelosiDemocratic, HouseExchange$15Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Versant is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVersant Media Group, Inc.2
  • CIK0002067876
  • Employer ID (EIN)39-208718612
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company12
  • Incorporated inPennsylvania12
  • Fiscal year endsDecember 312
  • Industry code (SIC)4833 Television Broadcasting Stations2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business addressOne Comcast Center, Philadelphia, PA 191032
  • Phone215 286 17002
  • Shares outstanding143,790,841 Common Class A shares; 377,775 Common Class B shares as of Feb 20, 202612
  • Public float$0 as of Jun 30, 20255
  • AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting12
  • On EDGAR sinceMay 30, 20252
  • Filings84 in all: 4 (34), 3 (18), 8-K (8), SCHEDULE 13G (4), 10-12B/A (3), SCHEDULE 13G/A (3), 10-Q (2), DEFA14A (2)2
    All 16 form types

    DRS/A (2), S-8 (2), 10-12B (1), 10-K (1), ARS (1), CERT (1), DEF 14A (1), DRS (1)

  • Latest filingsAnnual report (10-K) Mar 3, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 23, 2026
    Latest 8-K (8-K) Aug 6, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, par value $0.01 per shareVSNTThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 3, 2026 (Section 12(b) of the Exchange Act).12

Risk factors and legal proceedings

The risks Versant names in Item 1A of its 10-K filed Mar 3, 2026: 36 risks under these headings, as written.12

  • Business Risk Factors
  • We are subject to intense competition, and if we are unable to compete effectively, our business, financial condition and results of operations could suffer.
  • Changes in consumer behavior, evolving technologies and distribution platforms continue to adversely affect our business.
  • The loss of programming distribution agreements, or the renewal of these agreements on less favorable terms, could adversely affect our businesses.
  • A decline in advertisers’ expenditures or changes in advertising markets could negatively impact our business.
  • Damage to our brands or our reputation could have a material adverse effect on our business, financial condition or results of operations.
  • Our business depends on the continued appeal of the content we distribute. The preferences of our viewers and distributors are difficult to forecast and subject to change.
  • The growth of our digital platforms depends on our ability to attract new customers, retain existing customers and continue to grow the revenue we derive from these businesses.
  • Our businesses depend on using and protecting certain intellectual property rights and on not infringing, misappropriating or otherwise violating the intellectual property rights of others.
  • A cyber incident or attack, information or security breach, or technology disruption or failure, may negatively impact our ability to conduct our business or result in the misuse of confidential information, including personal information or other sensitive business information, all of which could adversely affect our reputation and our business, financial condition and results of operations.
  • We are subject to complex and evolving laws and regulations related to privacy and data protection.
  • Our network rebrands may result in customer confusion and disruption, leading to lower ratings and monetization.
The other 25 risks
  • Weak economic conditions may have a negative impact on our businesses.
  • We may from time to time record impairment charges for goodwill and intangible assets.
  • The loss of key management personnel or popular on-air and creative talent could have an adverse effect on our businesses.
  • Labor disputes, whether involving employees or sports organizations, may disrupt our operations and adversely affect our businesses.
  • We are subject to regulation by federal, state and local authorities, which impose additional costs and restrictions on our businesses.
  • Unfavorable litigation or governmental investigation results could require us to pay significant amounts or lead to onerous operating procedures.
  • Our inability to successfully make investments in, or acquire and integrate, other businesses, assets, products or technologies could harm our business, financial condition or operating results.
  • Spin-Related Risk Factors
  • We may not realize the anticipated benefits from the Separation, and the Separation could harm our business.
  • We have no history of operating as an independent company, and our combined financial statements are not necessarily representative of the results that we would have achieved as an independent, publicly traded company and may not be a reliable indicator of our future results.
  • We historically operated within Comcast, and there are risks associated with the Separation.
  • We have and will incur significant costs to create the infrastructure necessary to operate as an independent public company and may experience operational disruptions in connection with the Separation.
  • The obligations associated with being a public company will require significant resources and management attention.
  • If we fail to maintain effective internal controls, we may not be able to report our financial results accurately or timely or prevent or detect fraud, which could have a material adverse effect on our business or the market price of our securities.
  • In connection with the Separation, Comcast agreed to indemnify us for certain liabilities, and we agreed to indemnify Comcast for certain liabilities. If we are required to act under these indemnities to Comcast, we may need to divert cash to meet those obligations, which could adversely affect our financial results. Moreover, the Comcast indemnity may not be sufficient to insure us against the full amount of liabilities for which we will be allocated responsibility.
  • In connection with the Separation, we incurred substantial indebtedness, which could restrict our business and adversely impact our cash flows, business, financial condition and results of operations.
  • We potentially could have received better terms from unaffiliated third parties than the terms we will receive in our agreements with Comcast.
  • If the Separation, together with certain related transactions, do not qualify as transactions that are tax-free for U.S. federal income tax purposes or non-U.S. tax purposes, Comcast and/or holders of Comcast common stock could be subject to significant tax liability.
  • If the Separation is taxable to Comcast as a result of a breach by us of any covenant or representation made by us in the tax matters agreement, we generally will be required to indemnify Comcast and the obligation to make payments on this indemnification obligation could have a material adverse effect on us.
  • We are subject to significant restrictions on our actions following the Separation in order to avoid triggering significant tax-related liabilities.
  • Common Stock Risk Factors
  • The price and trading volume of our Class A common stock may be volatile, and our shareholders could lose all or part of their investment in the Company.
  • Provisions in our articles of incorporation and bylaws and certain provisions of Pennsylvania law could delay or prevent a change in control of Versant.
  • Your percentage ownership in Versant may be diluted in the future.
  • Our common stock is and will be subordinate to all of our existing and future indebtedness and any preferred stock, and effectively subordinated to all indebtedness and preferred equity claims against our subsidiaries.
  • We cannot assure you that our Board will declare dividends or that we will purchase our common stock pursuant to our share repurchase program in the foreseeable future.
  • Our Class B common stock has substantial voting rights and separate approval rights over certain potentially material transactions, and Brian L. Roberts, the Chairman and CEO of Comcast, has considerable influence over Versant through his beneficial ownership of our Class B common stock.

Legal proceedings

See Note 10 to the combined financial statements included in this Annual Report on Form 10-K for a discussion of legal proceedings.

The opening of Item 3, Legal Proceedings.12

Sources

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