The deal with Abry Partners is the latest example of private equity’s pushing into Hollywood to cash in on the demand for streaming shows.
The Carlyle Group, one of the private equity entities with a stake in Nielsen, has hired former Fox and Discovery executive Peter Liguori in a consulting role.
TVNEWSCHECK FOCUS ON BUSINESS
Private Equity Is Bullish On Broadcasting
As many as eight of the TVNewsCheck Top 30 station groups already have private equity backing, as do several smaller station groups, and there are hints that private equity investors could be preparing for another push into the sector. “Private equity used to buy because of growth,” says an industry source involved with M&A activity. “Now they’re buying because groups are throwing off cash.”
