Will 2024 bring good tidings to media and telecom companies? That's unlikely
Publishing timestamp: 2023-12-19 08:19:26
Summary
The article discusses the challenges and uncertainties faced by the media and telecommunications industries in 2024. It mentions the potential impact of interest rates and regulatory policy on transformative deals, as well as the need for legacy media companies to figure out investor expectations. The article also touches on the struggles of traditional TV and the efforts of companies like Disney and Paramount Global to improve profitability in their streaming services. Overall, it suggests that 2024 will be a year of sustained uncertainty and could be a make-or-break year for the industry.
Sentiment: MIXED
Tickers: CHTR, SBGI, GTN, WBD, TGNA, T, CMCSA, US10Y, VZ, DIS, PARA, NXST, TMUS,
Keywords: media, business news, warner bros discovery inc, at&t inc, paramount global, business, technology, telecommunications, u.s. 10 year treasury, breaking news: business, comcast corp, joe biden, gray television inc, charter communications inc, t-mobile us inc, breaking news: technology, nexstar media group inc, walt disney co, tegna inc, donald trump, verizon communications inc, sinclair broadcast group inc,
Source: https://www.cnbc.com/2023/12/19/media-telecom-companies-face-rough-2024.html