Distress in the media industry has created a deep pool of bargain-priced targets. But that doesn't mean it's easy for well-financed corporate buyers like magazine publisher and television and digital media operator Meredith Corp. to scoop up distressed assets. In this edition of Inside The Deal, Meredith chief development officer John Zieser -- also featured in "Distressed Deals: Here come the strategics" in The Deal magazine -- tells Suzanne Stevens that negotiating a low enough price is one of the biggest challenges. See the video below or download it at iTunes.
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Even in a period when things like toxic credit default swaps and noxious structured investment vehicles dominate the conversation in many parts of the deal community, people are still willing to take the time to recognize skill and achievement in the strategic transactions that help those companies adapt and grow.
Juergen Lasowski
And the winners are...
