Cord-Cutting Pain Spreads to High-Yield Bond Market – WSJ

The consumer stampede to streaming media from traditional broadcasters is claiming an unexpected victim: high-yield bond investors, who hold hundreds of billions of dollars in junk debt issued by cable, telecom and satellite giants.
— Read on www.wsj.com/articles/cord-cutting-pain-spreads-to-high-yield-bond-market-1525780801