Comcast has officially spun off its cable channels, including CNBC and MS NOW, into a separate company, Versant Media Group.
On January 05, 2026, Comcast Corporation (NASDAQ: CMCSA; $28.13; Market Cap: $102.5 billion) and Versant Media Group, Inc.
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Comcast has completed its separation of Versant Media, which owns CNBC, MS Now, USA Network & will trade on the NASDAQ.
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Versant shares fell after they started trading on the stock market Monday, completing the company's spin-off from former parent Comcast.
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Comcast co-CEO Mike Cavanagh told CNBC’s “Squawk Box” on Wednesday that Versant’s stock price was “a little bit below where ...