Media M&As surge in first half

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New York—Mergers and acquisitions in the media and information industries boomed in the first half of this year, according to a report released Thursday by media investment bank Jordan, Edmiston Group.

There were 266 deals completed in the first half, an increase of 15.2% over the same period in 2004. The value of the deals skyrocketed 181.1%, to $26.7 billion.

The number of b-to-b magazine deals increased by 44.4% in this year’s first half to 26. Fueled by JPMorgan Partners’ $650 million acquisition of Hanley Wood, the value of these deals climbed 58.1% to $1.7 billion.

M&A activity in exhibitions and conferences showed similar robust growth as the number of deals increased 36.4% to 15 and the value of the deals rose 256.5%, to $1.8 billion.

"The current M&A market is very competitive, as companies seek strategic and add-on growth and private equity firms actively pursue new investments," the Jordan, Edmiston report said. "Additionally, lenders are willing to provide leverage for media and information M&A deals at historically high levels."

—Sean Callahan

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