New York—The number of media deals rose nearly 10% in the first quarter, compared with the year-earlier period, while the value declined slightly, according to a report released Tuesday by media investment bank Jordan, Edmiston Group Inc. The 207 transactions in the first quarter had a combined value of $12.8 billion, compared with 189 deals valued at $13.8 billion in the first quarter of 2006. (Excluding newspaper publishing, the total number of media deals increased to 190 from 162, while the value rose to $10.7 billion from $7.9 billion.) It was a mixed bag among the 11 media and information categories tracked by JEGI. There were nine b-to-b magazine deals, down from 10 in the year-earlier period; however, the value rose 366% to $634 million, from $136 million. Exhibitions and conferences deals totaled 17, up from 14, while the value fell 44% to $122 million, from $220 million. Online media deals totaled 72, up from 42, while the value declined 31% to $1.7 billion, from $2.9 billion.