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Insider talked to executives across the media industry to identify potential buyers of AT&T s CNN.
There s a growing belief that AT&T could have to sell all or part of its media properties after spending billions on spectrum.
AT&T says CNN isn t for sale, but analyst Craig Moffett says everything is on the table.
AT&T has said CNN isn t for sale. But in media and Wall Street circles, there s a widening belief that the telecom giant is so overextended by a recent 5G spectrum auction that it might try to sell part or all of its WarnerMedia unit.
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A growing number of SPACs are focusing on acquiring media companies and taking them public.
Media vets like Charlie Ergen, Joanna Coles, and Greg Coleman are spearheading SPACs.
Insider identified 12 media SPACs worth watching in media, telecommunications, and entertainment.
A growing number of execs and investors are looking to cash in on media through special-purpose acquisition companies.
SPACs are blank-check companies set up to acquire and take companies public, often with less scrutiny, cost and time than a traditional initial public offering. SPACs have been viewed critically by some as riskier for investors, but they have boomed over the past year.