Paramount Global Downgraded to Junk Status by S&P

SOURCE www.breitbart.com
Paramount Global has been downgraded to junk status by S&P due to the ongoing plunge in cable TV subscriptions. The studio is facing economic challenges as American households continue to cut cords, impacting advertising revenue and streaming profitability.

Key Points

  • Paramount Global downgraded to junk status by S&P due to cable TV subscription decline
  • Economic challenges faced by studio due to cord-cutting trend and advertising revenue decline
  • Struggle to make streaming profitable impacting studio's financial health