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Scale, Independence and Economic Sustainability

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Part of the Palgrave Global Media Policy and Business book series (GMPB)

Abstract

In this chapter the focus shifts from the experience of production companies (sellers) to the perspective of investors (buyers). We assess the crucial role played by advisors and specialist financial intermediaries in matching buyers and sellers and in facilitating merger and acquisition (M&A) transactions. We also delve more deeply into the main business and economic motives that have driven M&A strategies and the attributes regarded by buyers as lending greatest appeal to production companies as investments. Thus, this chapter sets out the important ways that the empirical findings of our study extend knowledge and theory about propensities towards consolidation and concentration in a digitally convergent and increasingly supra-territorial landscape of media provision. In this chapter, we also consider why it is that producers struggle to scale up and remain ‘independent’ and whether there is now effectively a Minimum Efficient Size for television companies.

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Correspondence to Gillian Doyle .

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Doyle, G., Paterson, R., Barr, K. (2021). Scale, Independence and Economic Sustainability. In: Television Production in Transition. Palgrave Global Media Policy and Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-63215-1_5

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