Thursday, August 10, 2006
M&A Supply & Demand
MergerTalk: Some magazine publishers prove to be a tough sell
Interesting article from Reuters, detailing the apparent problems CurtCo, Endurance Business Media and Cygnus are having/had commanding their desired prices.
Grab:
The companies are widely regarded as excellent businesses. The price issues they encountered were more a product of lofty valuations than of their operations.
Other media companies have faced a similar situation.
Advanstar Communications, which publishes business magazines and offers conference services, hired Credit Suisse last year to sell itself and ended up pulling out when the offers proved unimpressive, a source familiar with the deal said.
Via IWantMedia.
Comments
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Interesting article from Reuters, detailing the apparent problems CurtCo, Endurance Business Media and Cygnus are having/had commanding their desired prices.
Grab:
The companies are widely regarded as excellent businesses. The price issues they encountered were more a product of lofty valuations than of their operations.
Other media companies have faced a similar situation.
Advanstar Communications, which publishes business magazines and offers conference services, hired Credit Suisse last year to sell itself and ended up pulling out when the offers proved unimpressive, a source familiar with the deal said.
Via IWantMedia.
