By Matt Kinsman The good news for the media M&A market is that multiples will stay at last year's historically high levels through 2006, according to AdMedia Partners ' Prospects for Media Managers & Acquisitions survey. However, the report also suggests the market could see significant cooling in 2007-2008, simply because there won't be enough quality properties for sale.
Articles by Matt Kinsman
In November, Tuscaloosa, Alabama-based Randall Publishing, which specializes in trucking, construction and industrial magazines and generates annual revenue around $55 million, surprised the industry by announcing its sale to Wachovia Capital Partners and Randall CEO F. Mike Reilly's newly-formed Randall-Reilly Publishing, LLC.
[This is part of our special extended team coverage of the American Magazine Conference, the annual gathering of publishers and editors, held October 16-19.]