Media M&A Outlook Dicey for Second Half of 2008
Scott Peters, a managing director with media investment bank Jordan, Edmiston Group Inc., provides some fresh insight on JEGI’s first half M&A overview (that we originally reported on last week).
Peters offers a bird’s-eye view on why deal value took such an enormous hit in the first half compared with the same period in 2007 (down 65%); why the Online Media & Technology sector seems to be inoculated from such a lousy economy and what may be in store, acquisition-wise, for online advertising networks, which are proliferating at a rapid clip.
As the chart below indicates, Media M&A deal value was down significantly in the first half of 2008 from the second half of 2007.
As the grid below shows, online media and technology was the only media sector to show gains in both deal value and number of deals in the first half of 2008, compared with the same period in 2007.
(Please excuse a brain freeze on my part during the interview; twice I referred to the “first quarter” report when I meant to say “first half.”)
Matthew Schwartz is Senior Editor of ScribeMedia.org and host of the WebTV series, From Print to Digital.
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