Understanding the media company SPAC push

by RJ Shara | May 11, 2021 | Fundings and Exit, Startups

SPACs are desperateand possession costs are high as media recuperates some and digital ad sales spike. SPAC now or forever holdyour peace. It was hardly the only business working to combine with a blank-check business that required our attention today. — so to see the ever-less-attractive media issues of the unicorn realm hold off on their offerings simply didn’t shock. Particularly as SPAC stocks have taken a hammering. A few things, we reckon: The market is more risk-on than you’ve been led to believe; SPACs are still searching for offers as their countdown timers tick; record possession rates more normally; and, finally, a thriving advertising market coupled with rising belief in consumer-media subscriptions. We’ll dig into each business’s recognized endeavor capital and earnings results quickly….