Versant Media Group (VSNT)
Runs news, entertainment, golf, and sports media brands across networks and digital platforms.
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Combines cable networks including CNBC, MS NOW, and USA Network with digital businesses such as Fandango and GolfNow. Operates independently after a Comcast spin-off, with advertising sales and other transition arrangements still linking the businesses.
Operates a standalone portfolio of cable networks and digital media businesses across political and business news, golf and athletics participation, sports, and genre entertainment.
Network brands include CNBC, MS NOW, USA Network, Golf Channel, Oxygen, E!, and SYFY. Digital businesses such as Fandango, Rotten Tomatoes, GolfNow, and GolfPass extend the portfolio into movie discovery and golf services. The mix combines news, entertainment, and consumer-facing platforms inherited from Comcast.
Began independent operations after the Comcast separation in 2026. Post-separation relationships remain governed by transition, tax, intellectual-property, and commercial agreements, including a temporary arrangement for NBCUniversal to sell domestic linear and related digital advertising inventory.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $42 | Target: $43 |
| May 18, 2026 | Seaport Global | Target | Target: — | Target: $46 |
| May 14, 2026 | Goldman Sachs | Target | Target: $34 | Target: $42 |
| Jan 27, 2026 | Goldman Sachs | Target | Target: — | Target: $34 |
| Jan 13, 2026 | Wolfe Research | Target | Target: — | Target: $52 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.48B · Total debt $2.95B · Total assets $12.74B · Shareholders' equity $8.11B
- Revenue
- $1.64B
- Operating income
- $367.0M
- Net income
- $211.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | 88.72% | 123.47M shares | |
|---|---|---|---|
| 805 holders · as of Jun 30, 2026 | |||
| Insiders | 1.01% | 1.40M shares | |
| 13 holders · as of Jul 30, 2026 | |||
| Other | 10.27% | 14.30M shares | |
| remainder | |||
139.17M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.00% | 18.09M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.08% | 8.46M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.58% | 6.38M A | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 4.31% | 6.00M A | as of Jun 30, 2026 |
State Street CorpInstitution | 3.42% | 4.75M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 10, 2026 | Leonard Potter | director | +3,000 | $37.31 |
| Mar 11, 2026 | Leonard Potter | director | +3,000 | $38.34 |
| Mar 12, 2026 | Leonard Potter | director | +5,000 | $37.88 |
| Mar 13, 2026 | Leonard Potter | director | +2,500 | $37.65 |
| Mar 9, 2026 | Gerald L. Hassell | director | +10,000 | $36.07 |
- Fox Class B
Direct rivalry across cable news, business news, and live sports
- Warner Bros. Discovery
Broad overlap in news, cable entertainment, sports, and streaming
- Paramount Skydance
Competes across cable brands, news, sports, and ad-supported video
- Walt Disney
Major rival for sports rights, entertainment audiences, and ad budgets
- AMC Networks
Focused overlap in genre cable networks and targeted streaming
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Versant Media Group | $33.10 | −1.21% | $4.74B | 6.3 | 7.2 | 0.7 | −3.8% |
| Fox Class B | $56.61 | −1.24% | $25.14B | 15.0 | 9.5 | 1.5 | +28.1% |
| Warner Bros. Discovery | $30.73 | −0.34% | $77.30B | — | — | 2.1 | −11.2% |
| Paramount Skydance | $10.19 | +0.79% | $11.00B | — | 12.3 | 0.4 | +0.9% |
| Walt Disney | $103.96 | +0.13% | $180.30B | 21.4 | 13.9 | 1.8 | +7.1% |
| AMC Networks | $11.96 | −1.03% | $391.9M | — | 3.0 | 0.2 | −8.8% |
| Median | 18.2 | 10.9 | 1.5 | +0.9% |