"FABER: Never had a stock, though, in which we actually may have a true impact, guys. So keep that in mind. As you point out, $8 billion market cap. We are a significant portion of the overall revenue in EBITDA, CNBC, so that'll be different. It's not like we could really impact GE back in the day or even Comcast."
"QUINTANILLA: And, you know, not to toot our own horn, but the pitch would be, you can't really tape-delay us. You got to have us live. Our younger demo appears to love all things risk, whether that's stocks, Jim, a new generation of speculation Just seconds after the opening bell, however, Versant wasn't off to a hot start. When the producers first put a graph on the broadcast, it showed the company was already down 2.75 percent."
"On Monday, media company Versant became a publicly traded company. Its debut on the New York Stock Exchange came days after Versant finalized a split from Comcast. To mark the occasion, members of Versant were at the NYSE to ring the opening bell Monday morning. Moments before Versant's numbers came in, Cramer, David Faber and Carl Quintanilla touched on the impact they could have in this new era of CNBC:"
Versant completed a split from Comcast and debuted as a publicly traded company on the New York Stock Exchange, with company members present to ring the opening bell. CNBC anchors discussed how Versant's $8 billion market cap and CNBC's revenue share could make the network's coverage more consequential. Anchors emphasized live coverage and the younger audience's appetite for risk. Seconds after the opening bell, on-screen graphics showed Versant down 2.75 percent and then down 7 percent within minutes. The stock later traded down about 13 percent near $40.50 per share as the broadcast shifted to other market stories.
Read at www.mediaite.com
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