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S&P puts Paramount Global on negative watch as streaming competition grows

S&P currently has a 'BBB+' - investment grade - rating on the firm, whose stock has lost about a fifth of its value this year in the face of weak revenue growth and a $15.63 billion debt load as of September that was more than its total assets. "We believe FOCF (free operating cash flow) will be weaker than historical levels because the significant cash flows from the linear TV businesses will degrade rapidly as pay-TV subscribers continue to decline and advertisers migrate...
United States Harshita Mary Varghese Maju Samuel Paramount Global Warner Bros Discovery Paramount Plus
Source: yahoo.com

S&P puts Paramount Global on negative watch as streaming competition grows

S&P currently has a 'BBB+' - investment grade - rating on the firm, whose stock has lost about a fifth of its value this year in the face of weak revenue growth and a $15.63 billion debt load as of September that was more than its total assets. "We believe FOCF (free operating cash flow) will be weaker than historical levels because the significant cash flows from the linear TV businesses will degrade rapidly as pay-TV subscribers continue to decline and advertisers migrate...
United States Maju Samuel Harshita Mary Varghese Paramount Global Warner Bros Discovery Paramount Plus
Source: yahoo.com

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