TV's Next M&A Wave Won't Be Like last One

As Mark Twain might put it, news of the death of broadcast television mergers and acquisitions (M&As) has been greatly exaggerated. In fact, as the end of summer looms, we could be on the cusp of an especially dynamic market for mergers and acquisitions in the television space. Of course, throughout the recent downturn there have been regular declarations that a return of broadcast M&A is just around the corner and the predicted uptick seems as elusive as the ever-receding horizon. But this time there are a number of cross-currents forming that will create a particularly strong climate for deal-making. Those deals and the climate itself will be different from what we saw before the economic downturn. This won't be your father’s M&A market.