Summary List PlacementIt's been a stomach-churning year in media, with the pandemic providing a black swan event that has challenged even the smartest players. Pivoting is the business plan du jour, and the telecom, media and tech sector bankers have been busy coming up with ways to seize the day for some and rescue plans for others. In TMT, which refers to the telecom, media and tech sectors, merger and acquisition sector activity swelled to $387 billion in 2020, up 77% versus the prior year, according to Refinitiv.