And there has already been a wave of mergers in radio.

The next big merger wave will be between virtual companies and real ones.

In the 1980's merger wave, no deal ever topped $30 billion.

Over the same period, a merger wave reduced the industry to a handful of big players.

At the same time, a wave of mergers has swept the industry, and many leading companies have gone private.

"I think it's highly likely that you would see a wave of mergers there."

The wave of mergers has meant that some properties are coming to market.

"During the merger wave, the task force was working under incredible conditions," he said.

The deal would be the latest in a wave of mergers that has swept the medical industry.

But I don't think there will be a wave of mergers.