It’s been months since Lew filed any documents about his new company Modern Media Acquisition. That changed on Friday when an 8K was filed with the SEC that states the company had signed a “non-binding letter of intent with a private company that sets forth the preliminary terms and conditions of a potential business combination.” It was a one-page document without much more detail than that.
Modern Media Acquisition now has until February 17, 2019 to consummate its business combination.
The document also states that there can be no assurance that the parties will enter into definitive agreements or that the parties will consummate the transactions contemplated by the non-binding letter of intent. If the Company does not consummate a business combination on or before February 17, 2019, it would distribute the proceeds held in trust to its shareholders in accordance with its amended and restated certificate of incorporation.
Who cares what he does?
TuneIn? The price is right about they are asking.
So does this mean that investors are going to give Dickey money to buy and run radio stations?
What is Einstein’s definition of insanity again ? Lol!
What this article refers to but doesn’t say is that investors already committed about $100 million to Dickey’s new company in May 2017. Some of those investors also committed money to him when he was with Cumulus. He hasn’t said if the money will go to radio stations or some other media. He’s currently running a lot of magazine companies. He’s had many opportunities to buy radio stations with this money, and he’s let them all pass. So my guess is it’s not going to be radio.