“Interviews with publishers and dealmakers suggest that 2024 could be a very active year for acquisitions.” writes Jim Milliott over at Publishers Weekly.
“While no deals the size of S&S and RBmedia are on the horizon, insiders said they expect to see a large number of smaller acquisitions to take place, citing several factors.”
“Among them is the state of the U.S. and publishing economies. Inflation has significantly raised costs for publishers, and those higher expenses, along with soft sales, have made it harder for smaller publishers to compete with better-financed rivals.
“That combination, one broker said, has led to a plethora of publishers looking to cash out. ‘There is lots of supply,’ he added.”
Read Milliott’s full report.
