Why PE Firms Are So Downbeat, And What It Means For The Media Sector
Ken Sonenclar is a managing director at DeSilva + Phillips LLC, a New York investment bank specializing in media.
Every day brings an earnings release, government report or trade-association survey that indicates the worst is behind us. Even news from the long-dormant upper reaches of corporate dealmaking is encouraging. Disney (NYSE: DIS), Dell, Xerox and Cisco (NSDQ: CSCO)
Dan McCarthy describes the value destruction for PE backed media deals of the vintage 2005 – 2008.
While many investors are licking their wounds, it seems like it could be a time of opportunity for distressed debt investors.
http://www.viralhousingfix.com/2009/10/30/capital-media-the-future-an-outline/