MEDIAtalk: Adapting, Evolving and Standing Strong

The global media sector set new records for M&A during 2021, a trend driven largely by U.S. target companies. Since then, the deal landscape has shifted due to macroeconomic forces — including inflation, rising interest rates, tightening monetary policy, supply chain disruption and geopolitical tensions — that have impacted cross-border activity and dragged down valuations. Despite deal parties facing costlier debt financing, more difficult divestment and lower near-term ROI, the outlook for media M&A remains positive.