Media market ripe for more acquisitions

Endicott, R. Craig
August 1999
Advertising Age;8/16/1999, Vol. 70 Issue 34, ps7
Trade Publication
This article focuses on acquisitions in the media market as of August 1999. The purchase of Tele-Communications Inc. and MediaOne Group by AT&T Corp. made it the dominant merger and acquisition-driven company among the 100 leading media companies. AT&T capped the list in value of deals struck at $159.7 billion, or 64 percent of $250.7 billion in merger and acquisition activity recorded by the top 100, according to data provided by Thomson Financial Securities Data. Goldman Sachs & Co. led all investment bankers in the value of deals structured among the top 100, advising AT&T in its three lead acquisitions.


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