Second quarter rise for media and information industry M&As, but a slowdown for newsletters.Buyers spent $12.7 billion to acquire 145 media and information industry properties in the three months ended June 30, 2001, a 17 percent increase over the 124 mergers and acquisitions in the year's earlier period, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report from media and information industry investment bankers The Jordon Edmiston Group Inc. "M&A activity in the media and information industry has rebounded in the second quarter of 2001," said Wilma Jordon, 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 Jordon Edmiston and JEGI JEGI Jordan Edmiston Group, Inc. Capital, "and we anticipate that this upward trend will continue into the second half of the year." The top ten transactions featured giants like TransWestern Publishing, The 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 Times Company, Primedia Inc., Houghton Mifflin Houghton Mifflin Company is a leading educational publisher in the United States. The company's headquarters is located in Boston's Back Bay. It publishes textbooks, instructional technology materials, assessments, reference works, and fiction and non-fiction for both young readers Co., and British Telecommunications plc. The newsletter industry, however, mirrored the overall business-to-business sector's slowdown, the report states. "In the newsletter publishing sector, M&A deal volume and deal value declined 25 percent and 47 percent, respectively. Active buyers included Advisory Publications, M. Lee Smith Publishers, Opus Communications, and Wolters Kluwer." In the first half of 2001, there were 12 newsletter publishing transactions, totaling $31.6MM- compared with 16 transactions totaling $59.2MM in the first half of 2000. But the Jordon Edmiston report concluded on a postive note, stating that M&A activity in the b-to-b media and information industry "is poised to return to prior year levels. This positive outlook hinges on companies, such as Advanstar Communications, Key3Media, Penton Media and Primedia, completing corporate debt offerings.... "In addition to the capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. from the current debt offerings, several industry leaders have announced plans to divest non-core assets. Companies that announced divestiture plans included Thomson Corporation, with the sale of its financial group of business publications; Pearson with the sale of its FT Energy business information division; Hearst Corporation, with the sale of its Medi-Span database information business; Primedia with the sale of non-core properties related to its acquisition of EMAP EMAP Emergency Management Accreditation Program EMAP Electronic Materials and Packaging EMAP Electronic Mapping EMAP Environmental Mapping and Assessment Program EMAP Environmental Monitoring and Assessment Programme USA; and Reed Exhibition Companies," according to the report. |
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