The MCN market remains red-hot. The latest big announcement is the acquisition of a controlling share of fashion-focused MCN StyleHaul by RTL Group for $107 million, in a deal that values the company at $151.4 million. If Style Haul meets its performance goals, the valuation could end up over $200 million.

Look forward to continued investment activity in this emerging space, particularly from international investors. RTL, the largest television and radio broadcaster in Europe, is itself a subsidiary of German-based multimedia giant Bertelsmann.