Added to YB: 2026-02-17
Pitch date: 2026-01-28
VSNT [neutral]
Versant Media Group, Inc.
-10.57%
current return
Author Info
Accrued Interest is an TMT Equity Research Specialist. They manage their family office and write about business and investing. Former tv/radio executive. During corporate years, achieved +3,400% TWR in PA from ’16-‘24. Sign up for the newsletter.
Company Info
Versant Media Group, Inc. focuses on operating cable television networks and digital platforms. Its portfolio of brands delivers news, sports, and entertainment content distributed through its networks and digital platforms.
Market Cap
$4.2B
Pitch Price
$33.59
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.65
P/E
N/A
EV/Sales
0.62
Sector
Media
Category
N/A
Is Versant (VSNT) Worth More Dead Than Alive?
VSNT (pass): Trading at $33.50, public markets correctly value as melting ice cube facing 2028 sports rights cliff. Hidden value in sum-of-parts: GolfNow (~$600M rev SaaS oligopoly w/ 75-80% mkt share), CNBC (high-margin B2B utility), Bad Bundle (declining cable nets). Take-private only viable if stock drops to ~$27; PE could lever 4.5x on $1.47B pro-forma EBITDA, extract $4.25B dividend recap. Not a buy—blueprint for what should happen.
Read full article (9 min)