Robert Johnson's New Company RLJE – Undiscovered aRLJ Entertainment is the new namesake company of media legend Robert Johnson. Starting in 1980, Johnson built out the BET network and turned it from a niche startup into a multi-billion dollar enterprise which he eventually sold to Viacom for $3 billion. In February of 2011, he launched RLJ Acquisition Group, a Special Purpose Acquisition Company (SPAC) meant to acquire media assets. In April 2012, RLJ announced the acquisitions of Image Entertainment and Acorn Media Group and closed them in October of 2012. As a result of the acquisitions, RLJE now owns or distributes content in a number of niche categories including, urban, comedy, British mystery & drama, horror, fitness/wellness and music. The combined entity looks extremely attractive from a valuation standpoint and there are a number of growth catalysts lined up over the next couple of years.
My full writeup in Google docs format can be found here.