Versant Q1 Sees Profit Slip On Revenue Dip, Corporate Costs; Non TV Operations Show Strength Versant Media's latest quarterly earnings report reveals a mixed bag of results. While revenue slipped only 1.
1% to nearly $1. 69 billion, net income fell by $81 million. A closer examination of the numbers highlights significant challenges facing Versant in its traditional TV operations.
The main culprit behind the decline in profit is the erosion of ad revenue at Versant's TV networks.