Accrued Interest's Simeon McMillan on $VSNT and the evolving media space
YAVP #376
Simeon McMillan of Accrued Interest discusses the shifting media landscape and recent industry restructurings. Simeon brings experience from inside major media companies, offering a perspective on how traditional networks, streaming platforms, and sports rights are shaping valuations across the sector. The conversation examines Comcast’s Versant spin-off, the positioning of assets like Bravo and other entertainment channels, and how investors should think about cable decline versus streaming economics. Andrew and Simeon also discuss incentives behind corporate restructurings, the quality of assets being separated, and what could drive value creation or destruction. Throughout the discussion they analyze media strategy, market narratives, and how investors can interpret these evolving industry dynamics.
This podcast is sponsored by a replay of my AlphaSense media Webinar:
If you like this podcast (or this blog), I suspect you’re going to like this webinar! WE discussed all things media, including the fall out from the PSKY / WBD / NFLX bidding war, the VSNT spin, and what’s likely to happen as the NFL rights come up for bidding. You can sign up for a replay here.
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Disclaimer: Nothing on this podcast or on this blog is investing or financial advice; please see our full disclaimer here. The transcript below is from a third party transcription service; it’s entirely possible there are some errors in the transcript.
Transcript for paid subs begins below (Note: in order to get these up quickly, I post an AI generated transcript alongside the podcast. A professionally edited transcript comes a few days later; I replace the AI generated transcript once the professional one is available)