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Morgan Stanley: Paramount-WBD's combined net debt will be $77.2B at the end of 2026, falling to $75.1B in 2027, with interest expense of $6.37B in 2027 (Todd Spangler/Variety)

Mediagazer · last updated

Todd Spangler / Variety:
Morgan Stanley: Paramount-WBD’s combined net debt will be $77.2B at the end of 2026, falling to $75.1B in 2027, with interest expense of $6.37B in 2027  —  Now comes the hard part: making the economics of the combined company work, given an extremely high debt load of the combined media company.

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