The Credit Strategist

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Hollywood Babylon
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Hollywood Babylon

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The Credit Strategist
Aug 09, 2024
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Following Warner Brothers Discovery’s (WBD) $9.1 billion write-off of its cable television assets two days ago, Paramount Global (PARA) announced it was vaporizing $6 billion of the cable assets on its balance sheet yesterday. Those reruns of traditional television shows just aren’t worth what they used to be when one-third of their air-time is filled …

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