In Print and Online: Acquisitions in the Media Sector

Summary

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The media sector has been seeing a fair amount of merger and acquisitions activity lately. Radio station operator Clear Channel Communications recently agreed to be acquired by Bain Capital and Thomas H. Lee Partners for about $18.7 billion. On the publishing and printing side, Reader's Digest Association recently agreed to be acquired for $1.6 billion, plus the assumption of about $776 million in debt. The Tribune Company, which owns 11 newspapers and a number of television stations, has received considerable interest from buyout firms and private investors after announcing that it might sell all or part of the company. Consolidation is also occurring in the Internet media sector, as major corporate players such as Google make new acquisitions. Between the growing social and technological advances in the Internet sector and the competitive challenges faced by traditional print and broadcast media firms, both sides of the media industry are likely to see continued M&A activity.

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Extract

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In Print and Online: Acquisitions in the Media Sector

The media sector has been seeing a fair amount of merger and acquisitions activity lately. Traditional print and broadcast media firms, struggling to compete with new online and mobil...

See the full content of this document

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