Versant Sees Q2 Profit Fall on Revenue Declines, Despite Ad-Sales Improvements

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…