Versant Media Goes Public with $6.8 Billion Market Cap Following Comcast Spin-off
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
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Source: Newsfilter
- Public Listing: Versant Media debuted on Nasdaq on Monday with a market capitalization of $6.8 billion, marking its transition to an independent public media company following its spin-off from Comcast, which is expected to enhance its competitive position in the market.
- Stock Price Fluctuation: The stock opened at $55 per share during its initial trading but has since fallen to $46.65 as of last Friday, reflecting market concerns regarding the challenges faced by traditional media companies.
- Financial Performance: In 2024, Versant reported revenues of $7.1 billion, down from $7.4 billion in 2023, indicating pressure on traditional television operations as consumers shift towards streaming services.
- Debt Structure: Versant plans to issue $2.75 billion in new senior secured debt to fund a $2.25 billion cash distribution to Comcast and bolster its balance sheet, with credit ratings agencies assigning a BB rating, placing it in junk territory, yet its low debt levels are viewed as a significant advantage.
Analyst Views on VSNT
Wall Street analysts forecast VSNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VSNT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 32.650
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Current: 32.650
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About VSNT
Versant Media Group, Inc. is a media company. The Company operates across four core markets: political news and opinion, business news and personal finance, golf and athletics participation and sports and genre entertainment. It serves these markets through a portfolio of brands comprised of renowned networks and complementary digital platforms. The Company produces, licenses and acquires content that it distributes through a variety of outlets, including its networks and digital platforms, delivering value to key constituents: the viewing audience, paying subscribers, advertisers, distributors and licensing counterparties. The Company’s portfolio of brands includes CNBC, MS NOW, USA Network, Golf Channel, Oxygen, E!, SYFY, along with complementary digital assets including Fandango, Rotten Tomatoes, GolfNow and GolfPass. It is also a provider of national premium free over-the-air digital broadcast networks (diginets) and free ad-supported streaming TV (FAST) channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
