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DM News
As ad network growth surges, a vertical focus takes forefront - Ken Sonenclar cautions
9/1/2008
By Ellen Keohane
Many people have been “jumping in” to the business, admitted Ken
Sonenclar, managing director at media investment bank DeSilva +
Phillips. “Seemingly, if you get the right ad network together and
aggregate the right audience, you can make money,” he said.
Barriers to entry are also relatively low, as they are in many of the aspects of digital publishing, Sonenclar said.
Sonenclar sees remnant networks suffering, since these networks
don't give visibility to advertisers about where their ads are going.
“There's definitely been a push towards transparency,” he said.
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EYE 'CANDY' ON SALE - Reed Phillips sees bull market for online media properties
8/24/2008
By Peter Lauria
Bankers are aggressively shopping online media assets in the hopes of getting a taste of some of that sweet DailyCandy cash.
The eye-popping $125 million sale of the shopping and culture
newsletter and Web site to Comcast three weeks ago - which followed
closely on the heels of the $23 million sale of Mediabisto.com and the
$30 million deal for paidcontent.org - has created something of a bull
market for online media assets, investment bankers said.
Reed Phillips, a managing partner with boutique media investment
bank DeSilva & Phillips, said he is currently in "serious
negotiations" with potential buyers on three separate online media
deals that could close in the next 45 days.
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MAN DOWN AT ALPHA MEDIA - Reed Phillips comments on Brownridge's elevation to Chairman
8/21/2008
By Stephanie D. Smith
“Quadrangle may want more hands-on urgency in terms of taking the business to the next level,” said Reed Phillips, managing partner at DeSilva + Phillips. “They may feel that Kent’s at the stage in his career where he’s better off providing the vision, and working with board level on strategy, not being the person that implements the strategy.” Some analysts also believed that in his new role, Brownridge may search for other deals for Quadrangle.
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Is Content King Once More? - Yes say Dearth, for surging online content providers, in eyes of media
8/19/2008
By James Erik Abels
Content is King in eyes of traditional media companies, who are spending 10x-15x EBITDA and up for fast-growing digital content providers, says Jeff Dearth of DeSilva+Phillips.
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"The Deal' makes big changes in frequency, revenue model - Reed Phillips comments
8/11/2008
By Sean Callahan
A new plan at The Deal: The
company's breaking news and proprietary content will be offered in The
Deal Pipeline, a subscription product. Major portions of TheDeal.com will be moved out from behind the firewall and become free. And The Deal, currently
published as a weekly magazine, will be scaled back to 24-times-a-year
publication
“I think the plan makes a lot of
sense,” said Reed Phillips, co-managing partner of media investment
bank DeSilva & Phillips and a subscriber to The Deal.
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Can Si Newhouse Keep Condé Nast’s Gloss Going? - Reed Phillips comments
7/20/2008
By RICHARD PÉREZ-PEÑA
An extended look at Si Newhouse's stewardship of Conde Nast as he reaches the age of 80 - with speculation about the company's future.
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Listen to Roland DeSilva, Rona Fairhead, CEO of the FT Group and others discuss global media M&A
5/8/2008
By
In a podcast produced by Pearson's The Mergermarket Group, Roland DeSilva discusses the worldwide media M&A market in the current economic situation with Rona Fairhead, CEO of the Financial Times Group, Crevan O'Grady, a Partner of 3i's London-based media buyout group and Brandon Farley, Global Director of Bowne Virtual Dataroom. Listen here: http://www.bowne.com/assets/media/Merger_Markets_Mix_with_Music.mp3
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Interactive Agency Special Ops Media Sold To European Firm LBI For
4/7/2008
By Rafat Ali
New York City-based interactive marketing and design agency Special Ops Media (SOM) has been sold
to European digital agency holding firm LBI.
Over 2007 Special Ops realized gross billings of USD 22.3 million, net sales of
USD 10.1 million and EBIT of USD 4.0 million. The agency today has 64 employees.
The total purchase price will be in the range of $20M-45M, depending on future
performance, with a mixture of cash and shares.
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MediaPost
Wrapsidy Imbue: SQAD Absorbs TV Ratings Processor
4/2/2008
By Joe Mandese
DeSilva+Phillips client ad cost data service SQAD acquired Wrapsidy, a ratings processing company.
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Hearst Buys Relationship Advice Site Answerology
3/26/2008
By Rafat Ali
Answerology.com, a Q&A online relationship site, was sold to Hearst.
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Where Wall Street's Caviar Set Still Thrives
3/24/2008
By Cate Doty
The
luxury market has survived longer than the mass retail market, said
Reed Phillips, a media investment banker. Doubledown and its
competitors, he said, are being read by “people who travel to airports
on helicopters and use private planes.”
Trader Monthly and
similar publications do not need to worry “until their readers give up
their private planes,” Mr. Phillips said.
“Some of the magazines
that are being impacted now by the downturn are the magazines that are
focused on a broad audience with large circulations,” he said.
“Doubledown is like a laser shot at the market: it’s highly focused on
traders and deal makers. Therefore their advertisers are also very
focused on high-income audiences.”
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Moe Levitt comments on Elsevier's acquisition of Windhover
3/18/2008
By
Morris Levitt, managing director, life sciences, of media investment
bank DeSilva & Phillips, said Elsevier’s ongoing acquisition
strategy is “two sides of the coin” as it pertains to Reed Elsevier’s
recent decision to put its print-heavy Reed Business Information
portfolio on the block. “Clearly, Reed doesn’t see a great future for
RBI,” he said. “At the same time they see value in health care
information services and are being aggressive in investing in that
area.”
Levitt added: “As things evolve in an electronic direction,they
have to diversify and can’t rely on an old stable of print journals,
which nevertheless remains a strong business.”
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CyberMedia acquires US-based TDA Group, DeSilva+Phillips Client
3/16/2008
By
Speciality
media house CyberMedia India Ltd on Thursday announced that it has
acquired all assets of California based marketing communications
company and publishing firm TDA Group Inc. TDA Group was advised by DeSilva+Phillips, Media Investment Bankers, of New York.
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B2b: a Buyers Market- Conde passes, Reed Phillips predicts difficult sales process for Reed Business
2/27/2008
By Stephanie D. Smith and Amy Wicks
BUYER'S MARKET: A spokeswoman for Condé Nast Publications
(which also owns WWD) said Tuesday that the company isn't interested in Reed Business Information. Reed Phillips predicts a difficult sales process at a lower price than Reed Elsevier could have fetched last year.
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Magazines Up for Sale, Including Variety - Reed Phillps points out challenges for bigger deals
2/22/2008
By Brian Stelter
Reed is putting its 400 trade publications up for sale, but the timing is tough for a deal of this size. "The market is strong for business-to-business companies,” said Reed
Phillips, a managing partner of the media investment bank DeSilva &
Phillips. “But with the credit markets in disarray, the big deals are
the ones that are hard to get financing for.”
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Reed Elsevier to sell b2b titles - Reed Phillips says timing, not price, drives sale
2/22/2008
By Keith Kelly
"I think the view is that this move has been expected for the past two
to three years and finally has happened," said Reed Phillips, an
investment banker from DeSilva & Phillips. "They would've been
better selling it a year ago. The fact that they're doing it now in the
uncertain environment suggests they're determined to sell it no matter
what price they get."
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Steve Waldman, CEO BeliefNet: Putting Faith In Video Expansion, at DeSilva+Phillips Summit
2/13/2008
By David Kaplan
Steve
Waldman's decision to sell faith-focused community site BeliefNet to News Corp (NYSE:
NWS). last December wasn't an easy one. Speaking on a panel at the Media
Dealmakers Summit in New York, Waldman, the site's co-founder and
editor-in-chief, said some shareholders needed convincing. "
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Media Investors Converge at DeSilva+Phillips Summit in NYC
2/11/2008
By
This past week, the country's precarious economy was the hot-button
topic at the sixth annual DeSilva + Phillips Media Dealmakers Summit,
which was held at the Pierre Hotel on Feb. 7 in New York. Talk of a
possible impending recession and its ripple effects on the selling and
buying of media properties was on everyone's lips at the confab, which
brings together the most important dealmakers in media.
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What's Drudge Worth?
2/11/2008
By Duff McDonald
A back-of-the-napkin analysis of the politically explosive blog by DeSilva + Phillips.
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Double, Double, Toil and Trouble: Media Industry Cauldron Bubbles at DeSilva Summit
2/10/2008
By Jack Myers
Former ad executive from Yahoo, chief advertising strategist at Microsoft, founder of Glam Media speak at Media Dealmakers Summit
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