Comcast completes spin-off of Versant
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As a standalone company, we enter the market with the scale, strategy and leadership to grow and evolve our business model,” says CEO Mark Lazarus.
The spinoff is Comcast’s response to shifting market dynamics in the media industry, as streaming pressures traditional cable TV viewership.
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Versant Shares Dip On Day One As Comcast Spinoff Settles Into NYC Headquarters, Looks To Future
Shares of the newly public Versant Media fell on the first day of trading as an independent public company, closing down 13% at $40.57.
Comcast's broadband and video headwinds are largely offset by growth in wireless, business customers, and theme parks. Read why CMCSA stock is a Strong Buy.
Jacksonville nonprofit Seniors on a Mission got a $25,000 Comcast grant for its evolving "technology popups" program for elders.