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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.

  • Wave.tv, 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

Kendall Baker, author of Sports
Nov 3, 2020 - Sports

How the election could change sports

Illustration: Aïda Amer/Axios

The outcome of the 2020 election will greatly impact the sports world. And through its efforts to increase voter turnout, the sports world could greatly impact the outcome of the 2020 election.

Where it stands: College sports are off. The NCAA is requiring that all Division I programs give their student athletes the day off from sports today, an idea that was first introduced in June by Georgia Tech assistant basketball coach Eric Reveno.

Updated 2 hours ago - Technology

Twitter sues Texas AG Ken Paxton

Texas Attorney General Ken Paxton at February's Conservative Political Action Conference in Orlando, Florida. Photo: Joe Raedle/Getty Images

Twitter on Monday filed a lawsuit against Texas Attorney General Ken Paxton (R), saying that his office launched an investigation into the social media giant because it banned former President Trump from its platform.

Driving the news: Twitter is seeking to halt an investigation launched by Paxton into moderation practices by Big Tech firms including Twitter for what he called "the seemingly coordinated de-platforming of the President," days after they banned him following the Jan. 6 Capitol insurrection.

6 hours ago - Politics & Policy

Senate retirements could attract GOP troublemakers

Sen. Roy Blunt (R-Mo.). Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

Sen. Roy Blunt's retirement highlights the twin challenge facing Senate Republicans: finding good replacement candidates and avoiding a pathway for potential troublemakers to join their ranks.

Why it matters: While the midterm elections are supposed to be a boon to the party out of power, the recent run of retirements — which may not be over — is upending that assumption for the GOP in 2022.