Versant Media Group, Inc.

Versant Media Group, Inc. is a U.S.-based media and entertainment company organized around television networks and digital platforms. Its portfolio spans political news and opinion, business news and personal finance, golf and athletics participation, and sports and genre entertainment, with brands such as MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY, Oxygen, GolfNow, Fandango, and Rotten Tomatoes.

20,0 %

13,9 %

−5,3 %

4.02

4.02

— Versant Media Group, Inc.
%
Television Networks55% Linear cable and network brands that distribute news, sports, and entertainment programming.
Advertising20% Sale of advertising time and space across television and digital brands.
Distribution15% Fees from multichannel video distributors and other platforms for carrying the networks.
Digital Platforms7% Consumer-facing platforms such as GolfNow, Fandango, and Rotten Tomatoes.
Content Licensing3% Licensing of owned and acquired content to third parties for further distribution.

Versant sells to a mix of viewers, advertisers, distributors, and licensing partners. Its core revenue base comes from...

  • Multichannel video distributorsprimary

    Cable and satellite distributors that pay carriage fees for Versant's networks and need recognizable channels to retain subscribers.

  • Advertisersprimary

    Brands and agencies buying audience access across live news, sports, and entertainment inventory.

  • Consumerssecondary

    Viewers and users engaging with network content and digital platforms such as Fandango, Rotten Tomatoes, and GolfNow.

  • Content licensing partnerssecondary

    Third parties that license programming and library content for additional distribution windows and platforms.

  • Golf industry participantssecondary

    Golfers and golf courses using GolfNow for tee-time reservations and course management services.

Versant operates primarily in the United States, where most of its television networks and digital platforms are based...

  • •Primary operating base is the United States
  • •Networks are distributed mainly through U.S. cable and media platforms
  • •Advertising demand is tied to U.S. audience reach and demographics
  • •Digital platforms serve U.S. consumers and transaction users
  • •Content licensing can extend brands beyond the core U.S. footprint

Versant's strategy is to use its established brands to hold audience share in news, sports, and entertainment while...

01
Develop premier content for target audiencesmedium-term

Distinctive programming supports audience loyalty, carriage value, and advertising demand.

02
Expand digital platformsmedium-term

Digital products broaden reach and create transaction-based revenue opportunities beyond linear TV.

03
Monetize audience scale across multiple channelsshort-term

A diversified mix of distribution, advertising, platforms, and licensing improves resilience.

Versant faces structural pressure from the decline in traditional cable television viewing, which can reduce...

high

Decline in cable television demand

Lower MVPD subscriber levels reduce distribution fees and weaken ad inventory economics.

Scope
Traditional network distribution
Materiality
high
high

Intense competition for content and advertising

The company competes with other networks, streaming services, and digital platforms for audience attention and ad budgets.

Scope
News, sports, and entertainment brands
Materiality
high
high

Comcast-related commercial and IP arrangements

Versant relies on transition services and trademark licenses that may need renewal or replacement.

Scope
CNBC brand and shared services
Materiality
high
medium

Brand and reputation risk

Audience trust and advertiser demand depend on the perceived quality and neutrality of the brands.

Scope
News and opinion programming
Materiality
medium
medium

Impairment of goodwill and intangibles

A decline in expected cash flows or market conditions could trigger impairment charges.

Scope
Goodwill and brand-related intangibles
Materiality
high
Goodwill impairment testing
A weaker outlook for cable, advertising, or brand value could trigger impairment charges
Content cost accounting
Changes in content mix or audience performance can shift expense timing
Carve-out and separation accounting
Comparability to future standalone periods may be limited
Trademark and transition service arrangements
Renewal terms or rebranding needs may change expense and revenue patterns

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: 29/04/2026