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Media Deal-Making Slows To a Crawl

The pace of new media deals has slowed to a near stop this year as economic upheaval has held up transactions dependent on outside financing, says investment bank Jordan, Edmiston.

Transactions announced for the first nine months of 2008 were down 70% compared to last year--to only $26.7 billion. However the pace of smaller and midsized deals involving online media, interactive marketing and database information companies kept up with 2007.

The dollar value of M&A activity dropped in all sectors but newsletter publishing. Biggest declines have been in educational and professional publishing, down 98%; consumer magazines, down 95% and newspaper publishing, down 93%.

Read the whole story at Mediaweek »

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