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Report: M&A deals hit new record in '06

A record 151 media deals took place in 2006, up 33% from 114 deals the previous year, according to a report by media investment bank DeSilva & Phillips. Last year's number of deals topped the previous record of 124 set in 2004. In dollar volume, the 2006 total of $20.50 billion was 242% greater than the $6.00 billion recorded in 2005. Two major deals accounted for a large share of the dollar total: the $11.10 billion sale of VNU to a group of private equity companies in July and the November sale of Reader's Digest Association for $2.40 billion, including the assumption of debt. The b-to-b sector had nine of the top 15 transactions and also represented 101 of the 151 total deals last year, including magazines, trade shows and conferences, Internet acquisitions and health care media deals.

1105 buys Fawcette Technical Publications

In its second acquisition in less than a month, 1105 Media announced it has bought the operating assets of Fawcette Technical Publications, which publishes Visual Studio and produces several international conferences including Builder 2.0, VS Live! and Web Design World. Financial terms were not disclosed. In early December, 1105 acquired Post Newsweek Tech Media for an undisclosed sum. FTP will become part of 1105 Media's Redmond Media Group, which includes Redmond Channel Partner, Redmond Developer News, Redmond Magazine , related Web sites and the semiannual TechMentor conference.

Hanley Wood buys 'PRO AV' magazine

Construction publishing company Hanley Wood has acquired PRO AV and its Web site ( from Ascend Media. Financial terms were not disclosed. PRO AV, a 20,000 circulation monthly, targets professional AV integrators, contractors, consultants, resellers and end users. The PRO AV properties will be part of Hanley Wood's Design Group, which includes Digital Home .

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