TITLE

More Media Mergers Expected

AUTHOR(S)
Hahn, Avital Louria
PUB. DATE
June 2003
SOURCE
Investment Dealers' Digest;6/9/2003, Vol. 69 Issue 23, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
With the U.S. Federal Communications Commission relaxing media ownership rules, prospects for mergers in the media industry have increased. Bankers in the U.S. are expecting to take advantage of these prospects to grow their businesses. With as much as $30 billion worth of deals anticipated, some banks are even considering hiring media bankers for the activity that is expected to take place in the summer and for the rest of the year 2003. Till June 2003, $11 billion worth of global media acquisitions have been announced. "I think there definitely will be deals," said Jim Rutherfurd, executive vice president of Veronis Suhler Stevenson, the media investment banking company. "I don't think you will see wholesale mergers of large companies just as a result of this...It is going to be asset by asset, market by market."
ACCESSION #
10070914

 

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