For those who were raised in Upstate New York, SPAC is shorthand for a popular outdoor concert venue in Saratoga Springs. On Wall Street, a “SPAC” is shorthand for a “Special Purpose Acquisition Company” — like the one Cumulus Media co-founder Lew Dickey Jr. created for an early 2019 merger with international digital music streaming platform Akazoo.
Now, another radio industry notable of the last 25 years has moved forward in forming a “SPAC” focused on sports media. It is an effort sparked by the man who once owned the Seattle Mariners Baseball Club.
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