by Tatiana Repkova

A report from Pricewaterhousecoopers LLC (PwC) sees 2007 as another strong year for European media mergers and acquisitions.

Deals in 2006 were worth €43 billion ($56 billion), the highest in six years. Deals from private equity groups KKR and Permira alone accounted for €19 billion ($24.6 billion) in 2006. Six deals were worth €1 billion plus. The Media Insights report, issued yesterday (Wednesday, January 30) also suggests that U.S. firms will continue to stay from foreign investment, citing the weak dollar and “problems at home.”

For 2007, PwC predicts 175 deals worth €40 billion ($52 billion). U.K. media deals should revive following an expected ad market recovery.

http://www.followthemedia.com/tickle/ticklefile29012007.htm#8; February 2, 2007