Comcast spinoff Versant reports declining annual profit as it prepares to go public
1. Versant, Comcast's spinoff, plans to go public under ticker 'VSNT'. 2. Versant's revenue declined to $7 billion last year from $7.4 billion. 3. Net income also fell, indicating ongoing pressures on traditional media. 4. Separation aims to defend cable assets from more profitable streaming ventures. 5. 65 million households still subscribe to some form of cable service.