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...Warner’s net debt stood at $43bn at the end of September, or 4.1 times its earnings before interest, tax, depreciation and amortisation, while Paramount had $14bn in net debt, or 6.1 times its ebitda, according...
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...These factors, along with several economic shocks as well as tax cuts and new spending initiatives, have contributed to successive debt increases over the last decade....
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...Redstone’s father used his tax law training to concoct complex transactions including acquisitions of Viacom, Paramount Pictures and CBS....
...MAGA Inc, the super Pac backing the former president, recently launched ads in New Hampshire attacking her for reversing her position on a proposed gas tax years ago — a claim her campaign has disputed....
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...Texas-based Denbury has also emerged as a big beneficiary of the generous carbon capture tax credits on offer in President Joe Biden’s sweeping climate bill....
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...A version of this article was first published by Nikkei Asia on March 23, 2023. ©2023 Nikkei Inc. All rights reserved....
...The Turner television networks are in Atlanta....
...But after passage of the IRA, owning one of the US’s largest networks of CO₂ pipelines and expertise managing the greenhouse gas suddenly put the company in a “completely unique space”, said Denbury chief...
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...We couldn't find them for Infiniweb Technology, Inc. anywhere in the Philippines, but we did find them somewhere. You can probably guess. The British Virgin Islands....
...Washington said the company was “owned and controlled” by Prigozhin and served as “as a cover for Wagner forces operating in Sudan”, which it called “a designated Russian Ministry of Defense proxy force”...
...Delays to the launch of the ESN meant that the Airwave network became highly lucrative for Motorola, accounting for around seven per cent of global revenues and 21 per cent of pre-tax profits....
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