[单项选择]With a series of well-timed deals, private-equity firms are giving traditional media- managers cause to be envious. The Warner Music transaction, in which Edgar Bronfman junior and three private-equity firms paid Time Warner $ 2.6 billion for the unit in 2003, is already judged a financial triumph for the buyers. Their success is likely to draw still more private-equity into the industry. And the investments are likely to get bigger: individual private-equity funds are growing--a $10 billion fund is likely this year--so even the biggest media firms could come within range, especially if private-equity investors club together.
Some private-equity firms have long put money in media assets, but mostly reliable, relatively obscure businesses with stable cash flows. Now, some of them are placing big strategic bets on the more volatile bits, such as music and movies. And they are currently far more confident than the media old guar
A. Private-Equity and the Media Industry.
B. Private-Equity and Traditional Media Managers.
C. Private-Equity’s Role in Economic Development.
D. Private-Equity Has Much Profit to Make.

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