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Private Equity Still Buying Magazines

  • Folio:, Tuesday, March 23, 2010 11:04 PM
The overall market for magazine-related M&A deals was active during the first quarter of 2010; per Jordan, Edmiston Group, there were approximately 20 magazine M&A transactions through mid-March. What has been most notable is that private equity returned to the market as buyers of magazine assets this quarter.

Some prominent examples of PE-fueled deals this quarter were Seguin Partners' January acquisition of CFO from The Economist Group, Spectrum Equity-backed Canon Communications buying four properties from Reed Business Information and Boston Ventures-backed Northstar Travel Media picking up five brands from Nielsen Business Media's travel group.

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