Versant Unlikely To Acquire Skydance Cable Networks If They Hit The Market, CEO Mark Lazarus Says

Versant Media CEO Mark Lazarus stated that the company, which was spun off by Comcast/NBCUniversal earlier this year, is unlikely to acquire Skydance cable TV networks if they enter the market. Lazarus dispelled rumors regarding the purchase of these linear assets, explaining that acquiring more cable assets on a large scale might prolong the company's life but would not necessarily make it better. Consequently, such an acquisition is probably not in the short-term future for Versant.