Paramount Says Strikes Will ‘Significantly’ Boost Free Cash Flow in Late 2023

Just like every other major media company that has reported its Q2 results already, the CBS parent company’s execs addressed the work stoppages with hopes for a timely resolution and comments on how it will affect their business operations. “We anticipate continued delays in production for the duration of the strikes, and as such, we estimate free cash flow in the back half of the year will be significantly higher than previously expected,” Paramount CFO Naveen Chopra said.

Source: Paramount Says Strikes Will ‘Significantly’ Boost Free Cash Flow in Late 2023; CEO Promises to ‘Minimize Disruptions’ to Viewers

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