Coco acquiring new means (7)
I believe the answer is:
channel
'means' is the definition.
(I have seen 'means of communication' mean 'channel' so perhaps 'means' could also mean 'channel')
'coco acquiring new' is the wordplay.
'coco' becomes 'chanel' (I've seen this in another clue).
'acquiring' is an insertion indicator.
'new' becomes 'n' (common abbreviation eg NT for New Testament).
'chanel' enclosing 'n' is 'CHANNEL'.
(Other definitions for channel that I've seen before include "Bed of a stream; medium" , "Medium of transmission" , "Furrow" , "Ditch" , "Water conduit or TV programme identifier" .)