Cox to retain minority ownership in deal with Apollo
February 15, 2019Apollo Global Management has entered into an agreement with Cox Media Group to create a new Atlanta-based, privately-owned company. Cox’s 14 television stations – including Pittsburgh’s WPXI-TV (11) – as well as Dayton, Ohio’s radio properties and newspapers.
After the transaction, CMG will retain full ownership of the remainder of its radio properties. The transaction is pending review and may take up to 6 months to complete.
