Through the third quarter, transactions in the media, information, marketing services and related technologies sectors are down 70 percent over the same period last year, says an M&A report released Thursday by the Jordan, Edmiston Group.Overall, JEGI tracked 619 media deals through the third quarter this year, with a combined value $26.6 billion —down severely from $87.5 billion over 636 deals during the same period last year.Deal values during the period were down in 10 of the 11 industry sectors tracked by JEGI, with b-to-b magazine values falling 87.4 percent and consumer values down 95 percent. Deal values in the online media and technology category, totaling $7.7 billion, were down only 6.9 percent.The number of newspaper transactions was practically identical to the number this period as last (33 this, 31 last year) but deal value plummeted 93 percent to $936 million (was $13.3 billion in 2007). Newsletter publishing posted $153 million over 11 deals, and was the lone category to see a value increase (up 10.1 percent). Database information services was the most active category year-to-date with 36 deals (up 63.6 percent over 22 deals last year). Deal value in the category, however, was down nearly 60 percent.Declining deal value is indicative of the financial uncertainty in the U.S. and global markets. Private equity groups are holding onto their money, the report says, controlling $450 billion in uninvested capital worldwide.
Sci-Tech Elon Musk Space SpaceX 23 Photos This image of a distant galaxy group from Arizona’s Lowell Observatory is marred by diagonal lines from the trails of Starlink satellites shortly after their launch in May. Victoria Girgis/Lowell Observatory The world’s largest organization of professional astronomers is sounding the galactic alarm over Elon Musk’s plan to send a swarm of SpaceX satellites into low-Earth orbit. Almost immediately after a Falcon 9 rocket released the first batch of the company’s Starlink broadband internet satellites last month, stargazers were dismayed by just how bright and noticeable the train of orbiting routers is in the night sky. Now the concern has moved from chatter on social media to a more formal call for new government regulation from the International Astronomical Union. In a statement Monday, the IAU said large satellite constellations like Starlink could have unforeseen consequences for advancing our understanding of the universe and the protection of nocturnal wildlife. “We do not yet understand the impact of thousands of these visible satellites scattered across the night sky and despite their good intentions, these satellite constellations may threaten both,” the statement reads. The IAU shared the above image, which shows bars of light from Starlink satellite trails in the field of view captured by Arizona’s Lowell Observatory. The trails obscure the view of galaxy group NGC 5353/4. Comments Every Elon Musk project right now Tags There are already 4900 satellites in orbit, which people notice ~0% of the time. Starlink won’t be seen by anyone unless looking very carefully & will have ~0% impact on advancements in astronomy. We need to move telelscopes to orbit anyway. Atmospheric attenuation is terrible. pic.twitter.com/OuWYfNmw0D— Elon Musk (@elonmusk) May 27, 2019 8 Originally published June 4. “Although this image serves as an illustration of the impact of reflections from satellite constellations, please note that the density of these satellites is significantly higher in the days after launch,” the organization explained. A SpaceX spokesperson added via email that “the observability of the Starlink satellites is dramatically reduced as they raise orbit to greater distance and orient themselves with the phased array antennas toward Earth and their solar arrays behind the body of the satellite.” Nonetheless, should SpaceX deploy all the Starlink satellites it is permitted for, it would more than double the amount of satellites currently orbiting Earth, with some being granted permission to orbit at even lower orbits than originally conceived. The IAU, which represents over 13,000 astronomers, called for satellite constellation operators and astronomers to work together more closely and urged “appropriate agencies to devise a regulatory framework to mitigate or eliminate the detrimental impacts on scientific exploration as soon as practical.” Are SpaceX Starlink satellites ruining the night sky? For its part, SpaceX has already been coordinating with the US National Science Foundation, which oversees the National Radio Astronomy Observatory. “After working closely with SpaceX, NSF has finalized a coordination agreement to ensure the company’s Starlink satellite network plans will meet international radio astronomy protection standards, limiting interference in this radio astronomy band,” the NSF said in a statement Tuesday. Elon Musk also hinted at a possible long-term solution on Twitter: “We need to move telelscopes (sic) to orbit anyway.” 2:57 Now playing: Watch this: Share your voice