The Communications Services sector of the S&P 500 is a mixed bag of companies growing revenue quickly and others with business models that are mature or undergoing transformation. Some of the latter have been crushed this year, but that could underline opportunities for 2024.
For example, on Nov. 8, Warner Bros. Discovery Inc. WBD Chief Financial Officer Gunnar Wiedenfels warned during an earnings conference call that the company was unlikely to reach its debt-reduction goal by the end of 2024 “without a meaningful recovery…
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