Mixed Signals from Semafor Media

Can MS survive without NBC? Inside CEO Mark Lazarus’ efforts to save cable’s great brands

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Sep 26, 2025
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INSIGHT

Verticals Over Linear/Digital

  • Versant groups 11 cable brands into vertical businesses rather than 'linear' or 'digital.'
  • Mark Lazarus plans to reinvest cash into each vertical to expand audience reach beyond pay TV.
ANECDOTE

Golf Channel As Model Business

  • Lazarus described Golf Channel as a near 50/50 mix of pay TV and other revenue streams.
  • He highlighted Golf Now tea-time bookings and Golf Pass as examples of profitable, diversified businesses.
INSIGHT

Live Content Drives Media Value

  • Sports and live events consistently drive media technology adoption and audience value.
  • Lazarus expects roughly 65% of Versant's business to be news, sports, and live-focused.
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