On February 15, rumors of a deal involving Cox Media Group’s entire collection of TV stations, and its Dayton, Ohio assets, disappeared — and became reality.
Apollo Global Management had agreed to take a majority interest in Cox Media Group’s TV stations and form a new Atlanta-based entity. For radio industry observers, the deal had deeper meaning, as Apollo also took majority interest in the Dayton Daily News and CMG’s radio properties in the Miami Valley.
On Wednesday (3/6), a dollar figure in the billions became known.
