Details

Autor(en) / Beteiligte

• Business/Publishing Editors

Titel

Q3 2000 Magazine Publishing and Exposition Industry MA Volume On The Rise; A Total of 35 Announced Deals Valued at $6.2 Billion Last Quarter

Ist Teil von

• Business Wire, 2000, p.1

Ort / Verlag

New York: Business Wire

Erscheinungsjahr

2000

Link zum Volltext

Beschreibungen/Notizen

• The sector that saw the most M&A activity last quarter, in terms of number of deals and aggregate volume of deals, was integrated B2B media companies, as a total of 11 deals were completed with an aggregate value of $2.6 billion. "The emergence last quarter of integrated B2B media companies as the sector with the most M&A activity last quarter, represents a shift in the B2B marketplace as trade publishers continue efforts to diversify from a single revenue source by expanding into expositions, conferences, databases and online properties," said Richard DW Mead, Managing Director of The Jordan, Edmiston Group. In terms of valuation and median deal size, the sector's activity is on par with 3Q 1999 but up from the first- half of 2000's tally of 6 deals worth $519.7 million. Among the noteworthy cross border M&A deals announced last quarter was European diversified media company VNU's acquisition Miller Freeman North America for $650 million. UK-based companies were the most active with United News & Media's announcement of the pending sale of its Miller Freeman Europe division to Reed Elsevier for $585 million; EMAP's acquisition of 25 German and Swiss B2B magazines and directories; Ziff-Davis Media's sale of its UK-based B2B technology magazines to VNU and The Hearst Group's UK-based National Magazine Company subsidiary's sale of its consumer magazine group to Gruner + Jahr, a subsidiary of Bertelsmann AG. Also of note, was Advanstar's acquisition of the Brand Licensing London show and Rogers Media's acquisition of Physicians Financial News magazine. The Jordan, Edmiston Group, Inc. (JEGI) is the premier investment bank dedicated to serving companies in the publishing, information, exposition and Internet industries. In the third quarter of 2000, Jordan, Edmiston completed 10 of the 35 announced magazine publishing and exposition industry media M&A transactions and four of the Top 10 deals by dollar value. Founded in 1988, the investment bank regularly advises leading diversified media companies, including Daily Mail and General Trust, Dow Jones, The Hearst Corporation, Pearson, PRIMEDIA, Reed Elsevier and VNU as well as entrepreneurial media businesses, including Duke Communications, First Conferences and Thunder Lizard Productions. For more information about JEGI, please visit www.jegi.com or contact us at 212.754.0710.