Will 2024 bring good tidings to media and telecom companies? That's unlikely

In this article CMCSA PARA DIS WBD Follow your favorite stocks CREATE FREE ACCOUNT The Grinch Source: Universal Studios It's human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint. Maybe that's too grinchy. Some things will get better. The actors' and writers' strikes are over. The 2024 U.S. presidential election should help boost advertising dollars as global TV ad revenue is on pace to decline 18% this year , according to media investment firm GroupM. Companies such as Warner Bros. Discovery and Disney cut…