Media M&A results for Q3 mixed

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New York—M&A results in the media and marketing services sector were mixed in the third quarter, according to “Third Quarter 2011 Mergers and Acquisitions Update for the Media & Marketing Services Industry” released this week by investment bank Berkery, Noyes & Co. The number of deals in the quarter increased to 348, an increase of 14% over the second quarter. In the same time frame, however, transaction value slid 23% to $10.4 billion. Median EBITDA (earnings before interest, taxes, depreciation and amortization) increased 58% over the previous quarter.
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