Reproduced from PwC; Chart: Axios Visuals

Deal volume for the media and telecom industry has slowed significantly during the coronavirus, according to the latest report from PwC.

Yes, but: Some companies, like Industry Dive, with healthy balance sheets and access to capital are still trying to find opportunistic investments.

  • "We've seen this in past cycles during financial crises," says Bart Spiegel, deals partner, PwC U.S. "These times allow people to take a step back and opportunities present themselves."

Driving the news: While major deals are mostly on hold, there have been some small B2B media deals over the past few months, as companies try to find unique ways to partner and tackle future pandemic uncertainty with shared resources.

  • CB Insights, a market intelligence media company, for example, acquired the data assets of VentureSource, a venture capital data tool, from Dow Jones last week.

Venture capital investment is still pouring into media niche companies.

  •, a sports media company, raised $32 million last week.
  • Religion of Sports Media, a sports media company founded by NFL veterans, raised $10 million two weeks ago.

The big picture: Deals are dwindling broadly across all industries, in part because acquirers are concerned about delays in getting deals over the finish line amid the pandemic.

Go deeper: M&A activity falls despite fears of pandemic feeding frenzy

Go deeper

Scoop: Bloomberg and The Athletic to bundle subscriptions

Bloomberg Media will launch a bundled subscription with The Athletic beginning this month, sources tell Axios.

The big picture: Bloomberg Media sees value in partnering with niche media outlets that it thinks can compliment its coverage.

73% see bias in news reporting as "a major problem"

Photo Illustration: Sarah Grillo. Photo by Kevin Sullivan/Digital First Media/Orange County Register via Getty Images

73% of Americans see bias in news reporting as "a major problem," according to a study out Tuesday from the Knight Foundation and Gallup.

Why it matters: That's up from 65% in 2017, indicating "the gap between what Americans expect from the news — and what they think they are getting — is growing," the Knight Foundation writes.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.