Comcast says its cable spinoff sets up declining networks for a rebound — and potential acquisitions. But SpinCo could also be an M&A target.

Comcast's SpinCo, which will include USA, MSNBC, CNBC and E!, will be renamed Versant to emphasize corporate versatility and adaptability, the company said.

Comcast ‘s cable network “ SpinCo ” has appointed iHeartMedia and 21st Century Fox veteran Jordan Fasbender as chief counsel in a hire that completes the senior management team.