Gabelli's Global Content & Connectivity Fund, in its second-quarter 2026 investor letter, highlighted Rogers Communications Inc. (NYSE: RCI) as a key holding, noting the company's agreement to purchase the remaining 25% stake in Maple Leaf Sports & Entertainment from Kilmer Sports for C$4.35 billion, which will increase Rogers' interest to 100%. The fund reported a strong quarter, with Class I shares gaining 12.88%, outperforming its benchmark but trailing the broader MSCI AC World Index. Rogers Communications, a Canadian communications and media company, owns the largest wireless operator and cable MSO in Canada, along with sports and media assets including the Toronto Blue Jays. The fund believes Rogers will continue unlocking value from its sports portfolio, potentially combining all sports and media assets into a single organization and selling a minority stake to institutional investors.
Rogers Communications IncRogers' agreement to buy remaining 25% of MLSE for C$4.35B increases ownership to 100%, potentially unlocking value.
