Is there light at the end of the tunnel for M&A activity in the media business?

Select parts of the media and entertainment business will remain attractive investment targets despite economic and other challenges, private equity and venture capital executives said Tuesday at an Advertising Week panel. The discussion, titled "Show Me the Money," was held at the Paley Center, and concerned the role and influence of private equity and venture capital in the media business.
  Bain Capital managing director Ian Loring, whose private-equity firm has stakes in media giants such as Clear Channel and The Weather Channel, said he expects to remain interested in cable networks, radio and outdoor, even though momentum on deals has nearly come to a halt over the past year amid recession, financial crisis and secular challenges to traditional media.