Versant CEO Mark Lazarus says large-scale cable-network acquisitions are outside the company’s near-term plans, according to Cord Cutters News, citing Deadline’s coverage of his remarks at an Axios conference. The comments temper speculation that the owner of MS NOW and CNBC could absorb Skydance’s extensive cable portfolio.
Instead, Versant is emphasizing opportunities to extend its existing brands into digital and other businesses. The strategy reflects the challenge facing cable operators as subscriber losses put pressure on traditional distribution revenue.
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