Should You Invest in Versant Media Group (VSNT)?
Greenlight Capital's Q1 2026 investor letter revealed a new medium-sized position in Versant Media Group, Inc. (NASDAQ:VSNT), a multinational media and entertainment company spun off from Comcast. The firm established its position in VSNT at an average price of $33.69 per share, citing attractive valuation and resistance to cord-cutting due to its live news and events programming.
Greenlight Capital released its Q1 2026 investor letter, reporting a 6.5% return for its funds, net of fees and expenses. The firm highlighted Versant Media Group, Inc. (NASDAQ:VSNT) as a newly added position. Versant Media Group is a multinational media and entertainment company that was spun off from Comcast. Greenlight Capital established its position in VSNT at an average price of $33.69 per share. The company owns cable channels like MS NOW, CNBC, and USA Network, as well as non-Pay TV assets including GolfNow and Fandango. The firm's investment thesis was based on VSNT's attractive valuation, with shares trading at less than 4x adjusted EBITDA, and its resistance to cord-cutting due to live news and events programming. VSNT ended the quarter at $37.02 per share.
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