May. 12 at 7:44 PM
$CMCSA ~4.9x EV/EBITDA, not stretched. Market is pricing in faster Xfinity erosion, but visibility is mixed. NBCU alone could be ~
$75B, implying Xfinity/Sky at ~3x EBITDA. Split talk persists around Roberts family, but no clear catalyst yet. M&A optionality also looks capped unless Paramount/WB or Sony shifts strategy in a meaningful way.
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