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United States: A Shift to the Right-Sizing? Lessons from Recent Media & Communications Mergers

Autumn 2012

Global Media and Communication Quarterly

Horizontal acquisitions are premised on the ability to share fixed costs over a larger base to obtain greater operating economies. Vertical mergers also assume increased efficiency, defined by the merger’s demonstration that a “buy” version by which to grow the company is better than a “make” version.

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