Versant stock jumps 10% after company's Q1 report shows bright spots in licensing, platforms
Adrian Bogdan
Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a stand-alone company after separating from Comcast's NBCUniversal and beginning to trade on the Nasdaq earlier this year. The report revealed continued pressure in the traditional pay TV bundle but highlighted growth in digital platform and licensing businesses. Versant stock rose roughly 10% in premarket trading. Linear distribution revenue for its pay TV networks — which include CNBC, MS NOW and the
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