New York—The number of deals for trade publications and trade shows doubled in the second quarter compared with the same period last year, according to Whitestone Communications’ “Who’s Buying Whom” report released Wednesday.
According to Whitestone, there were 24 deals for trade shows and trade titles in the second quarter, up from 12 in the year-earlier period. However, the dollar value fell to $261 million, from $1.2 billion.
In the second quarter of 2005, there were several large media transactions, including the sale of Hanley Wood for $650 million to an investment group led by JP Morgan Partners and the $200 million sale of Canon Communications to Apprise Media.
The nearly $11 billion deal to acquire media giant VNU was not included in the most recent numbers because the company generates much of its revenue from marketing and media measurement information, Whitestone said. Barring VNU, the biggest trade magazine deal in the second quarter was 1105 Media’s acquisitions of 101communications for $75 million.