Versant Media dips; Paramount Skydance questions Warner Bros Discovery cable value

Reuters
2026.01.08 16:29
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** Cable network company Versant Media'sshares fall ~3% to $32.25** VSNT debuted on Monday after Comcast spun off its cable networks division, which includes channels such as CNBC and USA Network** Paramount Skydance suggests that Warner Bros Discovery's cable properties spinoff central to Netflix's offer is effectively worthless** PSKY values WBD's cable spinoff at zero or even less, citing high leverage and lagging performance** VSNT fell 13% in its market debut on Monday