PERSON DIRECTORY
Simeon McMillan
Simeon McMillan appears in 3 indexed conversations across Yet Another Value Podcast, Business Breakdowns. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
$FOX dropped 25% buying $ROKU. Is the market wrong? | Accrued Interest
Fox’s $22B purchase of Roku adds the “front door of streaming”: roughly 44% of big-screen streaming TV viewing and 100M North American connected TVs, while a relaunched homepage and Tubi offer monetization upside.Management’s $1B of 2028 free cash flow implies 22x EV/FCF, or 16-17x with “light synergies,” but Walker’s winner’s-curse and self-preferencing objections leave execution, advertiser economics, and AI’s impact on time share unresolved.
Accrued Interest's Simeon McMillan on $VSNT and the evolving media space
Versant’s dividend-driven rerating contrasts with McMillan’s $27 conservative fair value versus $35–36, while free cash flow falls 15–20% annually. 2028 brings NBC’s ad-sales separation and easing Morris Trust restrictions, potentially exposing packaged-advertising economics and weakening carriage leverage.GolfNow and TeeOff’s estimated 75% share is strategic, but mid-single-digit growth may not offset media declines.
Nexstar Media: Broadcasting's Biggest Bet - [Business Breakdowns, EP.221]
Nexstar reaches 68% of the US population through roughly 200 stations, 116 markets and LMAs around the FCC’s 39% cap.With $2B of 2024 adjusted EBITDA and 50-60% free-cash-flow conversion, reverse retransmission approaching 60% of distribution fees, cord cutting and weaker NFL leverage could make relaxed ownership limits a catalyst for another M&A cycle.