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.
- Targets
- Cox Media Group
- Sellers
- Cox Enterprises
- Industry
- Media & Entertainment
- Location
- Georgia, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Cox Enterprises Acquires Majority Ownership of OpenGov
February 27, 2024
Cloud & SaaS
Cox Enterprises has made a majority investment in OpenGov, valuing the public-sector cloud software company at approximately $1.8 billion. The investment gives Cox control and is intended to accelerate OpenGov's cloud and AI product development while supporting long-term growth serving state and local governments across the United States.
-
PMG Acquires Camelot Strategic Marketing & Media
October 3, 2023
Marketing & Advertising
PMG, a global full-funnel marketing and technology company, has acquired Camelot Strategic Marketing & Media, a Dallas-based independent media and marketing agency known for CTV/OTT and video buying. The acquisition adds nearly 160 Camelot employees and strengthens PMG's video, CTV/OTT, traditional media and measurement capabilities to enhance its integrated, data-informed offering.
-
One Equity Partners Acquires Gamut and CoxReps from Cox Media Group
September 13, 2022
Media & Entertainment
One Equity Partners (OEP) has completed the acquisition of Gamut and CoxReps from Cox Media Group (CMG). OEP will operate the two businesses as sibling companies to pursue deeper collaboration and invest in technology to accelerate growth in local video and streaming advertising while CMG retains commercial relationships with both businesses.
-
Cox Enterprises Acquires Axios Media Inc.
August 8, 2022
Media & Entertainment
Cox Enterprises has acquired Axios Media Inc., the digital news publisher known for its Smart Brevity format. The deal follows a prior investment in 2021 and is intended to help scale Axios into more cities, expand coverage across national topics and premium professional niches while leaving Axios founders with substantial stakes and operational control.
-
Cox Media Group Acquires KLSR and KEVU (Eugene, Oregon)
May 3, 2022
Media & Entertainment
Cox Media Group (CMG) has completed the acquisitions of KLSR (FOX) and KEVU (MyNetworkTV) from California Oregon Broadcasting Inc. The purchases expand CMG's local television footprint in Eugene, Oregon and add two stations to its portfolio of market-leading TV properties.
-
Apollo to Acquire Verizon Media (Yahoo and AOL) in $5 Billion Deal
May 3, 2021
Media & Entertainment
Verizon and Apollo Global Management announced an agreement for funds managed by Apollo to buy Verizon Media for $5 billion. The transaction is expected to close in the second half of 2021, with Verizon retaining a 10% stake and Guru Gowrappan continuing as CEO after close.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.