"It Was Getting Out of Control": Media Giants Stare Down "Terrifying" Debt Problem

As studios spend billions on content and Endeavor scraps its IPO, long-term obligations may weigh down strategic bets. A ripple of anxiety ran through Wall Street on Sept. 9 when Jay Clayton, chairman of the SEC, warned that corporate debt now stands at $11 trillion, half the annual gross domestic product of the United States. "Should we be cognizant of the growth in corporate debt, who....