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Close icon Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Left to right: Reid Hoffman, Joanna Coles, Kevin Mayer. Getty Images 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. ....
Expect more SPAC offerings in 2021 The digital publisher of Thrillist, The Dodo and other sites seeks to raise $200 million. Group Nine Media January 15, 2021 Digital media publisher Group Nine Media, whose brands include Thrillist, NowThis, The Dodo and Seeker, is readying itself for a buying spree. ....