Paramount Global Owes NFL $21 Billion, Company's Future in Jeopardy
Wednesday, 13 March 2024, 10:15
Alarming Financial Situation
Paramount Global (NASDAQ: PARA) finds itself in a precarious position as it owes the NFL a staggering $21 billion, an amount equivalent to the company's total value. The company's financial future is at risk due to the rising trend of cord-cutting and the substantial cash burn by its streaming services.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.