Media mergers and acquisitions up 51% in 2004

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New York—The number of media mergers and acquisitions deals increased 51% to 124 in 2004 from 82 in 2003, according to "The DeSilva & Phillips Report 2005" released Monday by the media investment bank.

"The sheer number of deals … exceeds anything we’ve seen, not just since the recession, but all through the boom of the second half of the ’90s," according to the report.

The value of the deals tracked for the report grew much less dramatically. The aggregate value of the deals taking place in 2004 totaled $2.86 billion, 6% more than 2003.

—Sean Callahan

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