Versant Media dips; Paramount Skydance questions Warner Bros Discovery cable value

Cable network company Versant Media's VSNT.O shares fall ~3% to $32.25

VSNT debuted on Monday after Comcast CMCSA.O spun off its cable networks division, which includes channels such as CNBC and USA Network

Paramount Skydance PSKY.O suggests that Warner Bros Discovery's WBD.O cable properties spinoff central to Netflix's NFLX.O offer is effectively worthless

PSKY values WBD's cable spinoff at zero or even less, citing high leverage and lagging performance

VSNT fell 13% in its market debut on Monday