Mark Lazarus, as CEO, and his team will set an independent strategy for the new cable networks company that could become a potential partner and acquirer of complementary media businesses.

Comcast has officially spun off its cable channels, including CNBC and MS NOW, into a separate company, Versant Media Group.

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, ...

Peacock quietly lost content from five major TV channels following the spinoff of Versant Media Group from Comcast.

WASHINGTON — Comcast will spin off many of its cable television networks that were once at the heart of the entertainment giant, with people increasingly swapping out their cable TV subscriptions for ...