EFTA Document EFTA01385415

January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite In the face of continued evolution of media consumption due to technology advances, we expected the pace of M&A announcements to ramp in 2017. In the end, activity was more muted than initially anticipated. but there were still a handful of notable deals announced during the year at reasonably healthy multiples. The chart below provides a sampling of the M&A that transpired. [Select 2017 (Announced) Media M&A Trans