Strategic firms need to demonstrate revenue growth and will turn to inorganic growth—i.e. acquisitions—when organic gains are hard to find. Likewise, large financial buyers that have raised capital need to deploy it, meaning they lack the luxury of waiting for publishers to accept lower valuations. How the logjam breaksAlthough the M&A field has been set at a standoff, many of the factors needed to end the hiatus are now in motion. The Federal Reserve cut interest rates in September and again in November, lowering the cost of borrowing money and making…
