For commercial and investment banks interested in providing one-stop shopping for corporate finance, media, and telecommunications seemed like industries sent from heaven.

With companies in various stages of maturity falling into one another's arms, the sector was believed to be ripe for a range of capital markets to complete the deals. Banks in the mid-1990s set out to provide media and telecom companies with everything from loans to debt to merger and acquisition advice.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.