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Media deal pace resilient in first quarter

Published on .

New York—Merger and acquisition activity among publishing, information and training companies was surprisingly resilient in the first quarter, according to Whitestone Communications, an acquisition advisory firm.

There were 116 first-quarter deals, compared with 101 in the fourth quarter of last year. Deal value jumped to $11.8 billion from $6.0 billion in the previous quarter. The increase can be attributed to two major deals: Reed Elsevier’s acquisition of ChoicePoint for $4.1 billion and Hellman & Friedman’s purchase of Getty Images for $2.4 billion.

In last year’s first quarter, there were 131 deals, with a combined value of $8.8 billion.

—Carol Krol

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