From Deadline · Dade Hayes · · 50s
Versant Unlikely To Buy Skydance Cable Networks
Versant Media CEO says Skydance's cable TV networks won't be acquired if they enter the market.
In brief
Versant Media CEO says Skydance's cable TV networks won't be acquired if they enter the market. Versant Media CEO Mark Lazarus states the company won't buy Skydance's cable TV networks due to secular decline risks. Originally reported by Deadline.
Versant Media CEO Mark Lazarus
Versant Media CEO Mark Lazarus says the company spun off by Comcast/NBCUniversal earlier this year is unlikely to be a buyer if Skydance looks to shop some of its dozens of cable TV networks.
Lazarus on cable assets
Buying more cable assets on a large scale would prolong our life but not necessarily make our life better because we would still have the secular decline.
Lazarus on alternative verticals
Might there be some interest in another vertical that we could create around a pay television business?
The headline
Versant Media CEO Mark Lazarus states the company won't buy Skydance's cable TV networks due to secular decline risks.
