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2007 MA WrapUp Overall Deal Action Shatters 2006 Numbers

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first_imgConsumer magazine deal value more than tripled over 2006 numbers to $7 billion, thanks largely to late-year deals by Macrovision and Bauer, which bought Gemstar-TV Guide ($2.8 billion) and Emap’s consumer magazine division ($2.3 billion) respectively. JEGI’s report adds that the 54 consumer magazine transactions-a 20 percent increase over 2006-included “significant” activity from private equity, highlighting the sale of Dennis Publishing to Quadrangle and Primedia’s enthusiast group to Source Interlink. B-To-B Magazine Deals DownDeal volume in the b-to-b magazine sector did not fare as well. Volume performed just as it did in 2006, sliding slightly by just under 10 percent in 2007 to 38 transactions. Total value fell as well last year to almost $3.2 billion, a 47 percent decline from 2006, which, admittedly, saw the $11 billion sale of VNU. The highlight b-to-b deal for 2007 was the $630 million sale of ALM to Incisive.Media and Information Industries M&A Activity (January – December 2007 v. 2006)Source: JEGI transaction database, 1/2008. More on this topic JEGI: 2006 Deal Activity Rises 18 Percent, Value Up 12 Percent Number of Magazine and Trade Show Deals up 41 Percent, Dollar Value Climbs 75 Percent in 2006 Media M&A Activity Slows in 1H First Half Media Deal Values Plummet 65 Percent Lots of Smaller Deals Are Driving Media M&A Activity Overall M&A Volume and Value Continue to Climb Through Q3Just In TIME Names New Sales, Marketing Leads | People on the Move Four More Execs Depart SourceMedia in Latest Restructuring This Just In: Magazines Are Not TV Networks Meredith Corp. Makes Digital-Side Promotions | People on the Move The Atlantic Names New Global Marketing Head | People on the Move Shanker Out, Litterick In as CEO of EnsembleIQPowered by At first glance, last summer’s credit crunch seems a distant and negligible memory in the face of 2007 M&A numbers compiled by investment banking firm Jordan, Edmiston Group, Inc. According to its end-of-year report released today, 838 transactions were recorded across 11 industry sectors with a total value of almost $109 billion. Overall deal volume is up 32 percent and value is up a whopping 79 percent.A closer look at the numbers, however, reveals another declining year for b-to-b magazine deals and that the credit mess did, indeed, impact the deal pipeline. B-to-b activity was down almost 10 percent in volume and 47 percent in value, and $75 billion of the $109 billion in overall deal value was reported in the first half of the year. Billion-Dollar Deals Lift BoatsThere were some big, billion-dollar deals that got done, despite the tighter credit market, and these helped propel their respective categories well beyond 2006 numbers. Online media and marketing services deals led the way with 555 recorded transactions valued at $43 billion and buoyed by ad network deals from Google, Microsoft, Yahoo and AOL. last_img read more

Myanmar blocks Rohingya aid in Rakhine

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first_imgPledge comes as activists accuse government of intentionally blocking aid for Rohingya facing dire food shortage in Rakhine. Photo: AAMyanmar on Thursday pledged safe repatriation of Rohingya from Bangladesh as soon as possible despite accusations of activists claiming the government was intentionally blocking aid for refugees facing dire food shortage in Rakhine state, according to Anadolu Agency.Bangladesh and Myanmar signed a repatriation deal last November, but Dhaka claims not a single refugee has returned.The UN maintains the Myanmar government has been unable to assure safe return for the refugees, and remaining houses in entire villages have been razed to the ground in the name of development works, the Ankara-based agency said.On Thursday, Myanmar minister of Social Welfare, Relief and Resettlement Win Myat Aye, who recently visited the refugee camps in Bangladesh, said the government was working hard for the safe, dignified and voluntary return of refugees who provide evidence of origin in the country.“Firstly, we would like to reiterate that we are not accepting those who failed to present required evidences,” Win Myat Aye told the media, it added.About his two-day visit to Bangladesh earlier this month, he said he met Rohingyas in Bangladesh’s Cox Bazar.“For the repatriation, the first step for displaced people is to fill the form. But I got surprised that they have not received any form to be filled although we already sent the forms since months ago,” he said.“This is totally unexpected for us,” he told the journalists and international diplomats in Yangon.He claimed all refugees he met in the camps said they wanted to return to Myanmar, but said the problem is citizenship.“They told me that they want citizenship when they come back. So, we explained to them about the citizenship verification process,” he said.- Myanmar ‘intentionally’ blocks aid“We have been preparing for the safe return for months, and now we are ready. And we would like to start repatriation as soon as possible as the monsoon is coming,” he said.However, he admitted that more time would be needed to verify the people as the forms sent back by Bangladeshi government had not been filled completely.”We had seen how they are living in poor condition. So, we would like to take them back as soon as possible,” the minister said.Meanwhile, a UK-based activist group accused the government of intentional blocking aid for remaining Rohingya villagers in the area.In a statement on Thursday, the Burma Human Rights Network said: “Those who remained have had limited access to aid as restrictions on NGOs and charities remained in many areas following the fighting.“While the Red Cross has been given access to some of these areas others remain in dire need of food and medical aid.”BHRN executive director Kyaw Win told Anadolu Agency that no one would voluntarily return from Bangladesh to Myanmar at the moment.“How can the return be dignified and safe?” he asked.The Rohingya, described by the UN as the world’s most persecuted people, have faced heightened fears of attack since dozens were killed in communal violence in 201, the agency said.Since 25 Aug, 2017, some 750,000 refugees, mostly children and women, fled Myanmar when Myanmar forces launched a crackdown on the minority Muslim community, according to the UN. At least 9,000 Rohingya were killed in Rakhine state from 25 Aug to 24 Sept, according to Doctors Without Borders.In a report published on 12 Dec, the global humanitarian organisation said the deaths of 71.7 per cent or 6,700 Rohingya were caused by violence. They include 730 children below the age of 5.last_img read more