⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
S&P Global Ratings has downgraded Paramount Global's debt rating to BB+ from BBB-, attributing it to the ongoing decline in the company’s broadcast and cable TV business, impacting its cash flow. Paramount, the parent company of CBS and MTV, closed the year with $14.6 billion in long-term debt. This downgrade reflects the challenging outlook for traditional TV networks amid changing viewer habits and the increasing dominance of digital streaming platforms.