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Cable TV is dying — and can still be a very good business.

Turning cable TV businesses like MS NOW and CNBC into something else is difficult task.

  • Versant CEO Mark Lazarus aims to transform cable TV business into new, cable-free enterprises.
  • Cable distribution revenue declined 6.3% due to fewer subscribers and advertising.
  • Non-cable TV divisions, excluding SportsEngine, grew 9.3% with digital subscription services.

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