Mergers, Acquisitions to remain Hot in '07

MERGERS, ACQUISITIONS TO REMAIN HOT IN '07
[SOURCE: The Hollywood Reporter, AUTHOR: Paul Bond]
Merger and acquisition activity in the media sector should stay high and could even increase next year, according to Susquehanna Financial Group, as mature businesses seek to spur their growth and private-equity firms remain awash in cash. The Wall Street research firm said that interest should remain high for the acquisition of both new-media firms and more traditional content and distribution businesses. Susquehanna focused its attention on nine smaller companies: Image Entertainment Inc., New Frontier Media, Imax Corp., Lionsgate, ValueVision Media, TiVo Inc., 4Kids Entertainment, World Wrestling Entertainment and Playboy Enterprises.
http://www.hollywoodreporter.com/hr/content_display/business/news/e3i1ab243002a4990745efd45a4c6a83a5b

GEFFEN'S OFFER FOR THE TIMES: $2 BILLION
[SOURCE: Los Angeles Times, AUTHOR: James Rainey]
Entertainment mogul David Geffen has made a $2-billion all-cash offer for the Los Angeles Times, but the newspaper's corporate owner has declined to accept or reject the bid as it continues to seek offers for the entire company. Geffen made the formal offer last month to Tribune Co. but was told by representatives of the Chicago-based media conglomerate that they would not consider it until they had fielded offers for all of Tribune.
http://www.latimes.com/business/printedition/la-fi-tribune14dec14,1,6153779.story?coll=la-headlines-pe-business
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* Chandlers Had Eye On Assets Of Tribune
http://www.washingtonpost.com/wp-dyn/content/article/2006/12/13/AR2006121302256.html