Versant lifts annual revenue forecast as digital growth offsets pay-TV weakness

Aug 6 : Versant Media raised its annual revenue forecast on Thursday as higher advertising sales, driven by strong demand for its news and sports programming, and digital platform growth offset weak quarterly pay-TV distribution revenue.Shares of the New York-based company rose 7.4 per cent in premarket trading.Revenue

The cable network spinoff from Comcast beat Wall Street estimates on earnings per share and revenue in the second quarter