Tuesday, April 07, 2020

AT&T, WarnerMedia and CNN On The Brink ?

According to reports, AT&T, parent company of WarnerMedia and owners of low-rated CNN, aka "The Big Lie", set up a new $5.5 billion loan agreement with 12 banks to reassure markets and their employees the company is "...on solid ground..."

In addition, Disney, Comcast, ViacomCBS and Fox are keeping afloat, raising among them, a total of $14 billion selling debt securities.

AMC Entertainment have tapped revolving credit lines, with AMC Networks reassuring investors they have access to $500 million, even though their theater chain runs the risk of going bellyup.

Click the images to enlarge...