There were only 129 media transactions reported for the first quarter of 2009, down 36 percent from the first quarter of 2008; values, meanwhile, plummeted 91 percent to a combined $1.3 billion.
The second quarter did not fare much better and most transactions were a result of distressed situations. Market valuations have been under pressure due to the lack of debt capital and a general perception of the M&A market as being a ‘buyer’s market’. The largest issue facing magazine M&A is the lack of senior bank financing.
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1 comment:
Any feel for the future of publications? Why would they not go by the same way as newspapers???? Why would anyone buy a magazine-unless low low prices.
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