Ascend Media completed its acquisition of SynerMed Communications, a producer of continuing medical education programs. Terms were not disclosed. "This acquisition will double the size of our company and triple our profits," said Ascend Media President-CEO Cameron Bishop.
Media M&A activity increases
Media mergers and acquisitions activity picked up in the third quarter, according to a report by media investment bank DeSilva & Phillips. There were 29 deals in the quarter, up from 28 in the third quarter of 2003. The total value of the transactions more than doubled to $792 million.