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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

Oct 27, 2020 - Economy & Business

Pay-TV's death spiral

Data: eMarketer; Chart: Axios Visuals

The pandemic will drive cable and satellite TV providers to lose the most subscribers ever, according to the most recent data from eMarketer.

Driving the news: Entertainment giants are beginning to pivot from linear TV t0 streaming, but with that pivot comes messy math.

What each presidential candidate means for venture capital

Illustration: Sarah Grillo/Axios

Joe Biden appears to align with more venture capital and startup industry priorities than does Donald Trump, despite the latter's dedication to cutting personal and business taxes.

Why it matters: Trump’s hostility to immigration and bans on Chinese apps TikTok and WeChat are especially challenging for the industry, according to its top lobbying group, the National Venture Capital Association.

1 hour ago - Health

Boris Johnson announces month-long COVID-19 lockdown in U.K.

Prime Minsiter Boris Johnson. Photo: NurPhoto / Getty Images

A new national lockdown will be imposed in the U.K., Prime Minister Boris Johnson announced Saturday, as the number of COVID-19 cases in the country topped 1 million.

Details: Starting Thursday, people in England must stay at home, and bars and restaurants will close, except for takeout and deliveries. All non-essential retail will also be shuttered. Different households will be banned from mixing indoors. International travel, unless for business purposes, will be banned. The new measures will last through at least December 2.