Paramount Global entered 2023 with a net leverage ratio of 4.0x.
Given the rather dour first quarter earnings report released yesterday by the CBS News & Stations parent, MoffettNathanson, the respected Wall Street financial house with its eye on media and entertainment, now forecasts the company will exit 2023 with a net leverage ratio of 5.7x.
That’s just one big concern MoffettNathanson has about Paramount Global, which slashed its quarterly dividend as it presented “a weaker fundamental picture” through its Q1 2023 results.
