VSNT (CMCST) spinoff looks compelling!

Happy New Year to all! The spinoff VSNT from CMCST \[25 shares translates to 1 VSNT share\] seems quite interesting - almost a high quality gift to patient shareholders. The stats below are from StockAnalysis. Curious as to people's thoughts. Context: VSNT spun off this past week and is effectively just most of NBC's U.S. Cable TV Networks such as USA \[think Suits, White Collar\], MSNBC, CNBC \[hello Mr.Cramer :)\], GolfNetwork, Fandango & Rotten Tomatoes. Basics: PE Ratio: 4.7, Forward PE: 3.4, PS Ratio, 0.78, PB: 0.51, P/FCF: 2.45, EV/EBITDA: 2.03, EV/Sales: 0.77 12 months look at Revenue: 6.8b, Gross Profit: 3.91B, Net Income: 1.13B, FCF: 2.16B Gross Margin: 57.42%, operating margin: 23.29%, profit margin: 16.54% 56 Million in Cash, $703 million in working capital, \~2.25 Billion in long term debt At this valuation, despite the debt load and market perception that these are individually declining assets, I think it's worth a look. It's difficult to value these types of networks, but the EV/EBITDA is almost 50% lower than the legacy media average \[it's trading near Paramount Skydance\], meaning any positive news in this company can spark a reversion back to the mean. Another Redditor (Accomplished\_Map3174) on a separate thread said it better than I could: "CNBC functions as a high-margin data proxy for the affluent, it's a terminal asset". Precisely. I also think USA Network has historically delivered high quality content that is easily licensable to their competitors streaming services and it's effectively not being valued at all. I know this pick has been slowly gaining some traction on this sub, I think this could be an asymmetric arbitrage opportunity long term. To me, there's downside, but almost of it feels definitionally priced in. Disclosure: All views are my own - CMCST is one of my largest portfolio holdings \[recently initiated - so I own a tiny amount of VSNT and will likely buy more over the next month\].