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MS Now, Golf Channel, CNBC, & More Plan to Make Half of Their Revenue From Non-Cable TV Sources After Comcast Spun Them Off This Year
Versant Media Group, the independent media company spun off from Comcast, aims for 50% of its $6.6 billion 2026 revenue to come from non-cable TV sources. This strategy, driven by cord-cutting trends, involves leveraging digital assets like GolfNow and Fandango, strategic acquisitions such as Indy Cinema Group and Free TV Networks, and direct-to-consumer initiatives for brands like MS Now and CNBC. The company seeks to balance legacy strengths with digital growth to ensure sustainability in an evolving media landscape.