Affiliates of Apollo Global Management Acquire Majority Stake in Cox Media Group
December 17, 2019
Affiliates of Apollo Global Management completed the acquisition of a majority interest in Cox Media Group from Cox Enterprises, with Cox retaining a minority stake. The deal transfers ownership of CMG’s television and radio stations, Ohio newspapers, CoxReps and Gamut digital/OTT advertising businesses to the Apollo-backed company, which will continue to operate as Cox Media Group headquartered in Atlanta, Georgia.
- Buyers
- Affiliates of Apollo Global Management
- Targets
- Cox Media Group
- Sellers
- Cox Enterprises
- Industry
- Media & Entertainment
- Location
- Georgia, United States
- Transaction Type
- Buyout
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