PE Investors Finding Plenty of Channels
April 08, 2013
Private equity investors have backed 162 U.S.-headquartered companies in the Broadcasting, Radio & Television industry since the beginning of 2006, according to the PitchBook Platform. Predictably, New York and California captured quite a bit of the attention, channeling 18% and 17% of all of the PE activity in the time frame, respectively. Broadcasting base Atlanta helped propel Georgia near the top of the list, and was home to several deals of more than $1 billion in size, including those for Cox Communications, Cumulus Media Partners and The Weather Channel.
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