KKR's Navab: Media Opportunities Abound

Private equity may have opportunity to buy, partner with or invest in the under-pressure media sector, as the industry is likely to continue to combine and sell assets, KKR executive Alexander Navab said on Tuesday. KKR has investments in a number of media companies such as Nielsen, and in recent months struck a music joint venture with German media giant Bertelsmann. Navab, who co-heads KKR's North American Private Equity business and heads the Media/Communications industry team in the U.S., said that the sector should be helped by increased visibility as the economy improves.

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