Paramount's Debt Downgraded to Junk Following Warner Bros. Purchase Deal [Yahoo! Finance]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Yahoo! Finance
Bloomberg (Bloomberg) -- Fitch Ratings downgraded Paramount Skydance Corp.'s corporate and long-term borrower ratings to junk following the media company's agreement to buy larger rival Warner Bros. Discovery Inc., a deal that will saddle the combined business with $79 billion in net debt. Fitch lowered its ratings on Paramount to BB-plus, according to a statement Monday. It was previously BBB-minus, the lowest investment-grade rating. The ratings service also said Paramount is on negative watch pending details on deal terms, financing and deleveraging efforts. Most Read from Bloomberg Minneapolis Braces for Rent Crisis As ICE Surge Winds Down It's a Tough Time To Be a Black Real Estate Developer NYC Hudson Yards-Area Apartment Tower Sells for $129 Million Alberta's Deficit To More Than Double, Hit by Oil Price Drop “The downgrade reflects competitive pressures across the media sector” and pressure on free cash flow from transformation costs, Fitch said. Fitch believe
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PSKY
News
- Winners And Losers Of Q4: Paramount (NASDAQ:PSKY) Vs The Rest Of The Consumer Discretionary - Broadcasting Stocks [Yahoo! Finance]Yahoo! Finance
- Don Lemon tells Paramount to 'take your hands off' CBS, CNN newsrooms [USA TODAY]USA TODAY
- David Ellison won Warner Bros. Now he has to prove Paramount can beat Netflix at its own game. [Business Insider]Business Insider
- Paramount's Ellison vows CNN editorial independence [Yahoo! Finance]Yahoo! Finance
- 'CBS Mornings' executive producer announces exit with candid memo to colleagues [FOX News]FOX News
PSKY
Earnings
- 2/25/26 - Miss
PSKY
Sec Filings
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- PSKY's page on the SEC website