Versant Sees Q2 Profit Fall on Revenue Declines, Despite Ad-Sales Improvements

Versant Media reported second-quarter net income fell thirty percent, dropping to two hundred eleven million dollars from three hundred two million dollars in the prior year. The company—owner of CNBC, USA, and MS NOW—continues pursuing non-traditional media assets to bolster its traditional linear television business. Advertising sales improved in the quarter, according to Variety, but overall revenue declined.

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