Paramount-WBD is set to emerge with ~$80B in debt, with net debt projected to equal ~6.5 times annual EBITDA, a level analysts consider high for a media company (Joe Flint/Wall Street Journal)
Joe Flint / Wall Street Journal:
Paramount-WBD is set to emerge with ~$80B in debt, with net debt projected to equal ~6.5 times annual EBITDA, a level analysts consider high for a media company — Paramount CEO has promised not to sell off assets or cut content spending — When Paramount Chief Executive David Ellison unveiled …