Paramount debt to hit $79 billion after Warner Bros deal, no plan to sell cable assets

A city street stop sign is shown next to the Paramount water tower at the Paramount studio lot in Hollywood, Los Angeles, California, U.S., January 13, 2026. REUTERS/Mike Blake

March 2 (Reuters) - The Paramount Skydance-Warner ⁠Bros Discovery merger will create a combined entity that would have a net debt of about $79 billion, Paramount said on Monday, ⁠ruling out any plan to divest or spinoff the cable assets.

The companies will fold their streaming services, including Paramount+ and ‌HBO Max, into a single platform, Paramount CEO David Ellison said on a call with analysts.