From Investing.com:



Wall Street analysts are skeptical about a potential merger between Warner Bros Discovery and Paramount Global, as they believe it will leave the two companies in more debt and burdened with declining traditional television assets. The merger is seen as a play for survival, as both companies are heavily indebted and would likely need to issue further debt to make the deal possible. The deal would create the largest movie studio in Hollywood and a streaming business with the third-highest U.S. subscribers, but the ongoing decline in traditional TV business would make it challenging for the companies to deal with the extra debt. Analysts also question the timing of the deal talks, as they coincide with an upcoming U.S. Presidential election and potential regulatory uncertainty. The potential deal may also spur NBCUniversal-owner Comcast to make its own move with Warner Bros Discovery, given its larger market value and rumored interest in expanding its media business. Some analysts believe Comcast may be the one strategic buyer with the capital structure and assets required to benefit either Warner Bros Discovery or Paramount in a long-term viable way.



Original: Warner Bros Discovery, Paramount will be ‘worse off’ together