Media deals decline in first five months of 2000

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The number of announced U.S. b-to-b trade magazine and in-person media deals for the first five months of 2000 dropped 55% from the same period last year, according to data compiled by the Jordan, Edmiston Group Inc., a New York media investment bank. Deals in trade publications fell from 43 during the first five months of last year to 25 this year, a decline of 42%. Deals in in-person media declined 82%, from 22 to four. ``We expect a strong showing in the second half of this year as quality businesses continue to command attention from buyers at premium prices,'' said Wilma Jordan, CEO of Jordan, Edmiston, who attributed this year's early decline to higher interest rates and volatile public markets.
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