RE:Vaulations what's interesting about the valuation comments is that they extract the media assets out and comment on their stand alone values. So it does introduce an interesting comparable. Global is smaller than ctv but the size difference isn't enough to warrant any additional discount.
Puma1back wrote: Globe in the article below suggests Bell's media assets cobbled together around 10 years ago for some $6.2 billion is now worth some $4 plus billion at the low end.
so CTV is worth $4 billion and Global is worth argueably ZERO based on the current $1.6 billion enterprise value of CJR.
or Nelvana & related production assets, which were a stand alone $2 billion asset for years, are now worth ZERO evevn though Wildbrain,which is almost a pure production play, somehow has an enterprise value of over $1 billion.
The Globe and Mail reports in its Thursday edition that despite significant opposition, the market seems to be confident that the proposed Rogers-Shaw merger will be approved. Guest columnist Dvai Ghose writes that in response to this seismic shift in industry dynamics, BCE refocus on its core telecom operations and shed legacy assets such as Bell Media, which has proven to be a distraction, as evidenced by the recent Lisa LaFlamme controversy. If the market is right, Rogers will create a coast-to-coast broadband carrier with unprecedented scale. This should result in significant competitive and strategic advantages, including being better positioned to win national corporate and government contracts, secure lower prices from vendors, and build partnerships with technology behemoths such as Microsoft and Alphabet. Bell Media was created through Bell's acquisition of CTV (including TSN) in 2010 at a valuation of $3.8-billion, followed by its acquisition of Astral Media in 2012 for $3.4-billion. Unfortunately, analysts now value Bell Media at just $4-billion to $6-billion. Globally, legacy media asset valuations have declined significantly owing to disruption from streaming services such as Netflix and YouTube.