Jordan, Edmiston reports big increase in M & A activity, dubs current climate the New Normal.The Jordan, Edmiston Group Inc., investment bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. to the media and information industries, reports that the first three quarters of 2004 saw newsletter merger and acquisition activity rise a whopping 60 percent in the number of deals and 51.1 percent in their value. JEGI JEGI Jordan Edmiston Group, Inc. reports 16 deals during the January-September period, totalling $123 million in value. (Last issue we reported that Whitestone Communications put that dollar value at $218.1 million--the discrepancy apparently attributable to the companies' differing estimates of undisclosed purchase prices.) Commenting on the current business climate, Wilma Jordan, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of JEGI, said publishers and investors shouldn't "stay awake at night worrying" about differing economic indicators--oil prices up, consumer confidence down, some economists saying our economy is strongest in years, others saying we're poised for a downturn. "At JEGI," she said, "we've dubbed dub 1 tr.v. dubbed, dub·bing, dubs 1. To tap lightly on the shoulder by way of conferring knighthood. 2. To honor with a new title or description. 3. the current business environment the New Normal. At its core is the uncertainty brought on by the socio-political unrest that has entwined all of the world's markets. As a result of global interdependence in·ter·de·pen·dent adj. Mutually dependent: "Today, the mission of one institution can be accomplished only by recognizing that it lives in an interdependent world with conflicts and overlapping interests" , there are more risk factors beyond our control than most of us have ever faced. Nevertheless, for those involved in the media and information industries, these uncertain times offer great opportunities for anyone willing to adapt, to retool re·tool v. re·tooled, re·tool·ing, re·tools v.tr. 1. To fit out (a factory, for example) with a new set of machinery and tools for making a different product. 2. their companies, to drive a new stake in the ground." Among the many CEOs quoted in JEGI's Client Briefing newsletter, under the head "Independent Media and Information Companies Provide Positive Outlook," is one known to many newsletter and specialized information publishers, Greg Strakosch of TechTarget (www.techtarget.com). He reports, "TechTarget will generate approximately $50 million in revenue in 2004, up roughly 50 percent from 2003. We forecast our growth will be in excess of 50 percent in 2005. "While marketing budgets remain flat in the IT sector," Strakosch continued, "dollars are shifting from traditional media to online, as marketers recognize that every major purchase is primarily researched via the internet." Jordan, Edmiston, 150 East 52nd St., 18th Floor, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10022, 212-754-0710, www.jegi.com |
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