The historic sundering of NBC from a portfolio of cable networks that have girded it for years will take place early next year.

Comcast , NBC’s corporate parent will on January 2 spin off MSNBC, CNBC and a group of other businesses into a new company called Versant , the company revealed Wednesday.

Comcast shareholders will receive one share of Versant Class A common stock or Versant Class B common stock for every 25 shares of Comcast Class A common stock or Comcast Class B common stock they hold, respectively, held at the close of business on the record date of December 16. Distribution of Versant shares should be complete following the close of trading on Nasdaq on January 2, 2026.

The new publicly traded entity, led by CEO Mark Lazarus ( above, pictured ) will be comprised of th

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