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Brian Steinberg
Senior TV Editor
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Heidi Gutman/NBCUniversal Versant Media said second-quarter net income fell by 30% as the new media company continued its efforts to add non-traditional assets to lend ballast to its linear media operations.
The owner of MS NOW, CNBC and USA said net income fell to $211 million from $302 million in the year-earlier quarter, a decline of $91 million. The company cited lower revenue, the costs of operating as a public company, interest expense following its separation from Comcast, and increased tax expense tied mostly to the divestiture of SportsEngine, an online sports management software company that was sold in May.
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