Added to YB: 2026-03-19
Pitch date: 2026-03-16
VSNT [neutral]
Versant Media Group, Inc.
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. engages in the media and entertainment business in the United States. It produces, licenses, and acquires content that is distributed through various outlets, including networks and digital platforms.
Market Cap
$5.5B
Pitch Price
N/A
Price Target
27.00
Dividend
3.95%
EV/EBITDA
2.86
P/E
5.89
EV/Sales
0.97
Sector
Media
Category
special_situation
Interview: Yet Another Value Podcast and the Shifting Media Landscape - Versant Media Group, Inc.
VSNT (overview): Comcast cable spin w/ channels not distributed w/ NBC network starting 2028. Currently over-earning due to NBC ad sales umbrella (ends 2028). Trading ~7x 2026 FCF vs AMC at 7.5x in '28; FCF falling 15-20%/yr. Hidden gem: GolfNow $600M rev, mid-single digit growth, barter model adds inflation hedge. CNBC trophy asset for tech/fintech buyer. 2028 carriage renewals will be brutal w/o NBC leverage; sports rights likely lost. Target $27/share vs current $35. Negative on strategic value despite ~4.5% div yield.
Read full article (36 min)