Versant Media on Tuesday unveiled a $1 billion share buyback plan and reported a decline in annual revenue in the company’s first results since the completion of its spin-off from Comcast, creating a business dominated by legacy linear cable networks.
Shares of the company jumped 6% in premarket trading.
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Traditional cable networks have seen a steady drop in viewership, a trend intensified by the popularity of on-demand content that offers greater choice and flexibility than sched… [317 chars]
Source: Reuters | Published: 2026-03-03T12:11:01Z
Credit: Reuters
