Media and telecom deals continued at an anemic pace at the end of 2022, with deal volume among U.S. and Canadian media and telecom companies declining 54.4% year over year in December to reach its lowest monthly total in 2022, according to a new data analysis by S&P Global Market Intelligence.
An improving economy sharply lifted media acquisitions last year — and pricing multiples as well. There was a 27% rise in deals to 687 last year, according to Berkery Noyes, an investment bank specializing in the information content and technology industries.
