Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a stand-alone company after separating from Comcast's NBCUniversal and beginning to trade on the Nasdaq earlier this year. The report revealed continued pressure in the traditional pay TV bundle but highlighted growth in digital platform and licensing businesses. Versant stock rose nearly 10% in premarket trading. Linear distribution revenue for its pay TV networks — which include CNBC, MS NOW and the Golf Channel as well as USA, E!, Syfy and Oxygen — was down roughly 7% during the period to $1.01 billion. The company said that was due to subscriber declines and partially offset by rate increases. Advertising revenue for the first quarter fell 5% to $368 million, which was considered an improvement from the same period last year when it posted a 12% decline.…