Apollo Takes Majority Interest In COX TV Properties

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Cox Enterprises on Friday announced a deal to sell a majority stake in its portfolio of 14 television stations, including Seattle CBS affiliate KIRO-TV, to an international investment firm. The TV properties will become part of a new media company headquartered in Atlanta.

Investment funds affiliated with Apollo Global Management will hold the controlling interest in the Cox Media Group television properties, as well as Cox’s newspapers and radio stations in Ohio. Cox, a privately held broadband, automotive services and media company based in Sandy Springs, Georgia, will remain a minority owner of the new company. SEATTLE TIMES

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Jason Remington

Author: Jason Remington

Creator, Admin, & Editor of PugetSound.Media, a former broadcaster at KVAC/Forks, KDFL/Sumner, KTTX/KWHI/Brenham, TX., KONP/Port Angeles, KBAM/Longview, KAMT/Tacoma, KRPM FM/Tacoma, KJUN/Puyallup, KASY/Auburn, KTAC AM/Tacoma, KBRD FM/Tacoma, KMTT FM/Tacoma, and KOOL FM/Phoenix. Retired from AT&T.

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