The entertainment, media and communications (EMC) deal market is gaining momentum once again and companies face greater competition for attractive acquisitions. We look at deal drivers and the deal outlook for 2014 in the most active sectors, including: Broadcasting, Communications, Advertising & Marketing, Publishing, Recreation & Leisure and Film/Content.
This annual report focuses on merger and acquisition trends in the EMC sector including domestic and outbound deals, and corporate versus private equity deals. With respect to subsector activity, we provide a look back at 2013 activity and an outlook for 2014. Based on the positive feedback we received from our readers, the report includes a deeper dive into a single industry-specific deal driver. The Spotlight article in this issue titled, Breaking news: Broadcasting consolidation – no end in sight, offers insight into the immediate outlook for deal-making in the Broadcasting sector. Station groups continue to chase retransmission fees amid increased scrutiny on deal activity by the FCC. At a time when content consumption trends are shifting, TV station groups know the stakes are high and the rewards big for successful deals.
By the numbers: