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21/05/2003. Source:PricewaterhouseCoopers.
There has been a lull in media M&A activity of late but the sector is far from dead. PricewaterhouseCoopers dispels what it believes is unfounded industry pessimism as it reviews the past year's media deals and looks forward to what 2003 has to offer. Global media M&A activity in 2002 fell well short of the stratospheric levels reached between 1998 and 2000 but a longer term historical perspective provides the context for a less gloomy vision of what lies ahead. Extensive media deregulation, widespread disposal of media companies' non core assets and an increase in advertising spending will all help shape the future for the media M&A activity in 2003.
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