The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Confidence in the European media sector to fuel continued M&A in 2005

Confidence in the European media sector is set to continue in 2005 according to the latest Media Insights report from PricewaterhouseCoopers Corporate Finance.  This outlook follows a levelling out of activity in 2004 following strong growth in the second half of 2003, demonstrating a steady climb-back from the trough of 2002 - an indication that the M&A arena will be worth watching in 2005.

 

The number of transactions is anticipated to exceed 110 in 2005, compared to 97 in 2004 (up 14%) and 85 in 2003.  However, there was a slight decrease in combined value from  16.8 billion in 2003 to  16.3 billion during 2004.

 

Nearly 60% of European media deals completed in the second half of 2003, whereas M&A activity during 2004 was evenly spread.  Forty-seven transactions were signed off in the first six months of 2004 and 50 in the second half of the year.

 

The UK media market experienced particularly strong transaction growth in 2004 with deal values rising to  8 billion ( 3 billion in 2003) and volumes increasing to 43 (31 in 2003).  In contrast, mainland Europe remained flat in terms of deal volumes and showed a sharp decline in deal values - falling from  13 billion in 2003 to  8 billion in 2004.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree