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Media deals rage on as dealflow soars

A clutch of US media deals in the past two days has highlighted growing consolidation in the sector as dealflow in the country has jumped 48% over last year.

Yesterday, radio broadcaster Cumulus Media agreed to a $1.3bn (€940m) management buyout backed by Merrill Lynch. The deal is being led by Cumulus chief executive Lewis Dickey and other Dickey family members.

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