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First-quarter media M&A surges

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New York—Both the volume and aggregate value of media M&A deals in the first quarter outperformed each quarter of 2010, according to a report released by investment bank Berkery, Noyes & Co. There were 214 transactions worth a combined $13.8 billion in the first quarter.

The number of transactions was 20.9% higher than in last year's first quarter. Similarly, the aggregate value was 50.0% higher.

Berkery, Noyes identified AOL Inc. and WebMediaBrands as the most active acquirers in the first quarter; each had four transactions, with AOL's $315 million purchase of the Huffington Post being the most notable.

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