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BREAKING NEWS & VIEWS
Media M&A Hits $13.8 B in Q1 2011Wednesday, April 20, 2011 The pace of media deal-making in early 2011 is outpacing 2010 considerably, according to the latest tracking  from Berkery Noyes. Transaction volume and value were stronger in Q1 this year than they had been in any quarter of 2010. Total deal value reached $13.8 billion for the quarter, which is almost half the total transactions for 2010 ($28.6 billion).And the deals are getting fatter. Three transactions were worth over $1 billion and accounted for 61% of M&A activity. The largest for the quarter was West Australian Newspaper Ltd.’s acquisition of Seven Media Group. That deal was worth $4.15 billion. But another nine deals were valued at over $300 million, more than half the 15 such deals struck in all of 2010. In terms of volume, both AOL and WebMediaBrands were most active for the quarter, with four deals apiece. Among AOL’s purchases, The Huffington Post was the largest at $315 million and also the biggest blog purchase Berkery has ever seen. Working at a smaller scale, WebMediaBrands went on a small spree in early 2011, acquiring SemanticOverflow.com, FacebookMarketing.de and Twittercism.com. Many of the acquisitions in the Internet sector (9) involved larger publishers rolling up blogs in select niche content categories. The acquisition of blogs purchased thus far in 2011 is already at 40% of the number purchased through all of 2010. The largest share of transactions occurred in the Interactive media space during Q1 2011. Professional Publishing and Information had roughly half the number of deals of Interactive, followed by Consumer Publishing, which had 20 deals. . If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com
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