Comcast’s Versant reports declining annual profit as it prepares to go public

Comcast’s Versant reports declining annual profit as it prepares to go public

Versant, Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio, is gearing up to go public. The new entity will trade on the Nasdaq under the ticker “VSNT” after the separation, according to a filing with the Securities and Exchange Commission Thursday. Investors also became privy to more of Versant’s financials. According to…

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FTC sues Ticketmaster, Live Nation, alleging ‘illegal’ ticket resales

FTC sues Ticketmaster, Live Nation, alleging ‘illegal’ ticket resales

The U.S. Federal Trade Commission on Thursday sued Ticketmaster and its parent company, Live Nation Entertainment, over what it called “illegal” ticket resale tactics. The lawsuit was filed in federal court in California. Seven states joined in the lawsuit, including Florida, Illinois and Virginia. In the filing, the FTC wrote that the companies “tacitly worked”…

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