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NEW YORK Tight credit markets and the lousy economy pushed the value of media deals in the first quarter of ’09 to their lowest level in more than 10 years, according to media investment bank The Jordan, Edmiston Group.
The group, which has been tracking deal making over that time period, recorded $1.3 billion in deal value in the first quarter, a 90.5 percent drop versus the year-ago quarter. The number of announced deals, at 129, also declined by 7 percent versus the fourth quarter of 2008 and by 35.8
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