After lying in the doldrums for several quarters while the rest of the media market saw increased merger and acquisition activity, the newsletter sector saw a stepped-up level of M&A activity in the second quarter, according to a new report from merger and acquisition firm and SIPA member Whitestone Communications, Inc. There were 10 newsletter acquisitions in the second quarter, valued at $48 million, compared with six worth $12 million in the same period a year ago, Whitestone reported. The second quarter's activity was the highest since 11 deals worth $212 million were reported in the third quarter of 2004. While he refrained from characterizing the second quarter market as "hot," Whitestone associate Matthew DeBlasio said the combination of an improved economy and specialized-information publishers' willingness to embrace the Internet as another channel for selling and providing product boosted the market's temperature in the second quarter.
From SIPAlert Newsletter, September 2006
© September 5, 2006 Special Information Publishers Association
