Digital Media Companies Pump the Brakes on Their Rush to Go Public as SPAC Market Cools

Buzzfeed may be the only significant digital media company to go public via SPAC this year, sources said. Vice is no longer exploring a SPAC on its own, sources said. Some digital media companies that had hoped to go public via SPAC may have to sell to Buzzfeed or Group Nine's SPAC if there's not enough outside investor appetite.