
MS NOW, formerly MSNBC, is owned by Versant (Nasdaq: VSNT), an independent publicly traded media company spun off from Comcast on January 5, 2026. Founded in 1996 as a joint venture between Microsoft and NBC, the channel rebranded as MS NOW as part of the spin-off. It is known for progressive news coverage and political commentary.
Parent Company
Founded
1996
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| MS NOW | Versant Media Group | Brand division |
MSNBC launched on July 15, 1996, as a joint venture between Microsoft and NBC. The name combined MS (Microsoft) and NBC. The initial concept merged NBC's journalistic resources with Microsoft's technology platform, creating a 24-hour cable news channel with a companion website at msnbc.com.
In its early years, MSNBC struggled to find a distinct identity. The channel mixed news coverage with talk shows and competed poorly against established competitors CNN and Fox News. Programming included a mix of NBC News content, talk shows, and technology-focused programs reflecting Microsoft's influence. Microsoft divested most of its stake in 2005, giving NBCUniversal majority control of the channel.
The September 11 attacks in 2001 marked a turning point. MSNBC began shifting toward political commentary and analysis. By the mid-2000s, the channel developed a progressive editorial stance, particularly through hosts like Keith Olbermann and Rachel Maddow. Olbermann's "Countdown with Keith Olbermann" became a flagship program. Maddow launched her own show in 2008 and became one of the channel's most recognizable personalities.
Comcast acquired a controlling interest in NBCUniversal in 2011, becoming MSNBC's ultimate parent company. Comcast completed its full acquisition of NBCUniversal in 2013. Under Comcast ownership, MSNBC continued to build its progressive brand identity and expanded its digital presence.
The 2016 presidential election and its aftermath drove significant ratings growth. MSNBC's prime-time lineup, featuring Rachel Maddow, Lawrence O'Donnell, and Chris Hayes, consistently drew large audiences among viewers critical of the Trump administration. MSNBC regularly ranked second in cable news ratings, behind Fox News but ahead of CNN. The channel's total day viewership grew substantially between 2016 and 2020.
In November 2024, Comcast announced plans to spin off most of its cable television networks into a separate publicly traded company. The spin-off included MSNBC, CNBC, USA Network, Golf Channel, E!, SYFY, Oxygen, and digital properties like Fandango and Rotten Tomatoes. NBC News, the NBC broadcast network, NBC Sports, and Peacock remained with Comcast. The decision reflected broader industry trends of media conglomerates separating legacy cable businesses from streaming and broadcast operations.
On January 5, 2026, Versant officially began trading on Nasdaq under the ticker symbol VSNT. MSNBC rebranded as MS NOW as part of the transition. The rebranding separated the channel from NBCUniversal branding and established it as an independent news organization within Versant's portfolio. The channel adopted a new logo and visual identity.
The spin-off required MS NOW to build its own newsgathering infrastructure, previously shared with NBC News. The channel leased space for its Washington, D.C., bureau at NBC's existing facility at 400 North Capitol Street. NBCUniversal agreed to provide advertising sales support for two years following the separation, giving Versant time to build its own ad sales operation.
What does Versant own?
Versant owns 12 brands across cable television and digital media. Cable networks include CNBC, MSNBC, USA Network, E!, Syfy, Oxygen, and Golf Channel. Digital assets include Fandango (movie ticketing), Rotten Tomatoes (review aggregation), GolfNow (golf booking), GolfPass (golf subscription), and SportsEngine (youth sports management). All brands were transferred from Comcast as part of the January 2026 spin-off.
Is Versant publicly traded?
Yes. Versant trades on Nasdaq under the ticker symbol VSNT. The company was created through a tax-free spin-off from Comcast Corporation on January 5, 2026. Comcast shareholders received Versant shares in a tax-free distribution. No parent company or controlling shareholder exists.
When was Versant created?
Versant Media Group was created through the spin-off of Comcast Corporation's cable television networks. The planning process began in January 2025, the company was officially named Versant in November 2025, and regular-way trading on Nasdaq began January 5, 2026, under the ticker symbol VSNT.
Who is Versant's CEO?
Mark Lazarus serves as CEO. He previously served as Chairman of NBCUniversal Media Group at Comcast. Lazarus was appointed to lead Versant in preparation for the spin-off and is responsible for executing the company's strategy of growing digital revenue while managing the decline of linear cable television.
What is the relationship between Versant and Comcast?
Versant was spun off from Comcast and operates as a completely independent company. Comcast retained NBC, Telemundo, Peacock, Universal Pictures, and the theme park businesses. There is no ongoing ownership relationship between the two companies. Versant and Comcast maintain temporary transition services agreements for shared IT, real estate, and back-office functions.
How many brands does Versant own?
Versant owns 12 brands: seven cable television networks (CNBC, MSNBC, USA Network, E!, Syfy, Oxygen, Golf Channel) and five digital assets (Fandango, Rotten Tomatoes, GolfNow, GolfPass, SportsEngine).
What is Versant's revenue?
Versant has not yet published full financial results as an independent company. Estimated annual revenue is approximately $7 billion, based on the revenue generated by these assets while part of Comcast. The company's revenue is split between cable affiliate fees, advertising sales, and digital platform transactions.
Why did Comcast spin off Versant?
Comcast announced the spin-off in January 2025 to separate its declining linear cable television assets from its growth businesses in streaming (Peacock), broadband, and theme parks. Comcast leadership argued that the cable networks would perform better as an independent company with focused management and the ability to pursue its own strategic priorities, including digital expansion and potential acquisitions.
As a newly independent media company, Versant is establishing its own corporate sustainability and ethical framework. MS NOW operates with a commitment to journalistic standards, though specific sustainability initiatives for the channel are still emerging post-spin-off.
The channel maintains editorial guidelines emphasizing accuracy, source verification, and transparent reporting. While known for progressive commentary, the newsgathering operations follow professional journalistic principles. The separation from NBC News required MS NOW to build its own editorial standards and practices, a process that began in 2025 ahead of the formal spin-off.
Versant has committed to fostering a diverse and inclusive workforce across its brands. This includes promoting equal employment opportunities and supporting employee resource groups. MS NOW's on-air talent and production staff reflect these commitments, with the channel having built a relatively diverse lineup of hosts and contributors over the past decade.
The channel provides closed captioning, audio descriptions, and other accessibility features for its content. MS NOW continues to invest in digital innovation to deliver news through various platforms, adapting to changing consumer preferences and ensuring wide access to its programming.
As a news organization, MS NOW contributes to public service by providing information and fostering public discourse. Versant is expected to develop its own corporate social responsibility initiatives as an independent company, though detailed plans have not yet been publicly outlined.
MS NOW, building on MSNBC's legacy, has received significant journalism awards. Programs and journalists associated with the channel have been honored with Emmy Awards for news and documentary excellence, recognizing achievements in breaking news coverage, investigative journalism, and interview segments.
The channel has received Peabody Awards for impactful storytelling and contributions to public understanding of important issues. Edward R. Murrow Awards have recognized excellence in broadcast journalism, including overall excellence and breaking news coverage.
The Gracie Awards, presented by the Alliance for Women in Media Foundation, have honored female journalists and programs on the channel. The National Association of Black Journalists has recognized coverage of issues affecting the Black community. GLAAD Media Awards have acknowledged fair and inclusive representation of the LGBTQ community in news coverage.
MS NOW's digital platforms have received Webby Awards for excellence in online content, including news websites and social media presence. These awards reflect the channel's adaptation to digital media distribution alongside its traditional cable broadcast.
MS NOW, like its predecessor MSNBC, has faced controversies related to perceived political bias, on-air conduct, and editorial decisions.
Perceived Political Bias: A persistent criticism is the channel's strong progressive bias. Critics argue that commentary and guest selection lean heavily left, leading to accusations of partisan journalism. This perception has fueled debates about the role of opinion in cable news and the balance of perspectives.
Don Imus Termination (2007): Shock jock Don Imus was terminated after making racist and sexist remarks about the Rutgers University women's basketball team. The incident drew national attention and led to MSNBC cutting ties with the longtime radio host.
Alec Baldwin Show Cancellation (2013): Baldwin's talk show "Up Late With Alec Baldwin" was canceled after six weeks when he used homophobic language toward a paparazzo. The same week, Martin Bashir resigned after suggesting Sarah Palin should be punished inappropriately for comments about national debt.
Chris Matthews Exit (2020): Longtime "Hardball" host Chris Matthews exited the channel in March 2020 following controversies over inappropriate comments toward women and colleagues. His departure ended a multi-decade run on the network.
Ronna McDaniel Hiring (2024): NBC News hired former RNC chair Ronna McDaniel as a political analyst. MSNBC anchors publicly rebelled against the decision, citing her role in attempts to overturn the 2020 election. McDaniel was subsequently let go from the network.
Melissa Harris-Perry Departure (2016): Weekend host Melissa Harris-Perry walked off her show after feeling sidelined during election coverage, citing racial implications in her treatment. She stated she would not be used as "a token, mammy, or little brown bobblehead."
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Warner Bros Discovery | USA | 1980 | Mass market | Global | All-ages | |
| Fox | USA | 1996 | Mass market | United states | All-ages |
Media EntertainmentOwned by Warner Bros. Discovery
American multinational news-based television channel and flagship property of Warner Bros. Discovery's CNN Worldwide division. WBD announced plans in June 2025 to split into two companies by mid-2026, with CNN to be housed in the "Global Networks" company.
Media EntertainmentOwned by Fox Corporation
American cable news network and flagship property of Fox Corporation, consistently ranked as the most-watched cable news channel in the United States.
Market Positioning: MS NOW competes with 2 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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British national newspaper and digital media company providing news, politics, opinion, culture, and lifestyle content across print and digital platforms.
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British national newspaper founded in 1855, owned by Axel Springer since June 30, 2026. Axel Springer acquired Telegraph Media Group for £575 million, ending three years of ownership uncertainty following the Barclay family's debt default.
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Media EntertainmentOwned by Spark Networks
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Media EntertainmentOwned by Access Industries, Inc.
French music streaming service with 8.9 million subscribers and €534 million revenue in FY2025. Achieved first positive net income of €8.5 million.
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