Stupid question: spelling out TMT

So this is a stupid question and completely pedantic so spare me please.

But I noticed that whether it's on a press release or differing firm's website, TMT is spelled out as "Technology, Media and Telecom" or "Technology, Media, and Telecom". For example, there's a deal announcement press release by KKR that uses the former but on Goldman's own website whether it's for their IB page or an executive's bio both are used. Is one more grammatically correct than another? If both are technically correct, why the lack of uniformity? Is it because media and telecom are commonly bucketed together (I think?)?

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