Any time the quarter's biggest publishing deal is a city magazine you can assume the M&A market has been pretty much asleep. But now thanks to Whitestone Communications, we've the data to prove it.
While the New York-based media bank reports the number of acquisitions and investments in magazines and trade shows actually increased in the third quarter—to 13 from 11 in the second quarter—the value of these deals fell more than 75% to just $77 million."
This is an excerpt from an article by Richard Morgan for The Daily Deal; October 14, 2002
