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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.

56 mins ago - World

HRW: Over 100 former Afghan security members dead or missing under Taliban rule

Members of the Taliban movement patrol Kabul's airport in September. Photo: Valery Sharifulin/TASS via Getty Images

The Taliban have "killed or forcibly disappeared" over 100 former members of Afghanistan's security forces since the group took power in August, a Human Rights Watch report published Tuesday found.

Why it matters: It means former military members and officials from the ousted government, activists and other Taliban critics are facing peril amid executions driven by revenge — despite Taliban promises of an "amnesty" with no retributions, notes the New York Times, which first reported the news.

2 hours ago - World

Barbados becomes a republic, replacing U.K. queen with president

Combination images of Dame Sandra Mason, president of Barbados, and Britain's Prince Charles at her swearing-in ceremony in Bridgetown, Barbados, late Monday.

Barbados officially became a republic at midnight local time after Dame Sandra Mason was sworn in as the Caribbean nation's first president in a ceremony attended by the United Kingdom's Prince Charles.

Why it matters: Mason replaced Britain's Queen Elizabeth as head of state Tuesday — removing the country's final remaining colonial tie to the U.K. almost 400 years after the first British ships arrived in Barbados.