Jim Cramer says Skydance debt is paper he wants no part of
As seen on the 24/7 Wall St. homepage on October 7, 2026.
Cramer is lumping Skydance's merger debt in with the 10-year Treasury as paper he wants no part of, a warning shot for anyone holding media credit into the Warner Bros. deal.
Skydance MATTERS and it is not the kind of paper i want... I don't want the ten year either, though
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On October 7, Jim Cramer posted a blunt warning on X, putting Skydance's merger-related debt in the same category as the 10-year Treasury: neither is paper he wants to hold. The comment is notable because it lumps a corporate credit instrument tied to a major media deal alongside the benchmark government bond, dismissing both in the same breath.
The Skydance reference points to the debt load surrounding its merger with Warner Bros., a deal that has drawn scrutiny from credit investors watching how the combined entity handles its obligations. When a prominent voice signals he wants no exposure to that paper, it is worth paying attention to the implied message about perceived risk in media credit broadly.
Cramer's aside about the 10-year Treasury extends the concern beyond a single deal's balance sheet. Declining interest in Treasuries at current yields alongside skepticism about media merger debt suggests a broader unease about fixed-income at this moment in the rate cycle, though Cramer offered no elaboration on the reasoning.
The post drew engagement from followers monitoring the Warner Bros. situation. Anyone holding or considering media credit tied to the Skydance transaction would be wise to note that one influential commentator is publicly dismissing it.