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Media industry
fromwww.mediaite.com
5 hours ago

It Hasn't Gone Well': CNBC's David Faber Admits Parent Company Versant's Wall Street Debut Has Been a Flop

Versant, Comcast's spinoff of cable networks, plunged about 26% after its Nasdaq debut, prompting valuation concerns for comparable media assets.
fromwww.mediaite.com
2 days ago

WATCH: Jim Cramer and Colleagues Tip-Toe Through Segment On CNBC Parent Company's IPO As Ticker Shows Stock Getting Crushed

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.
Business
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