Cox Media Group
PE-OwnedApollo Global Management acquired Cox Media Group's TV stations, radio stations, and newspapers from Cox Enterprises for $3.1B in 2019. The sale included 33 local TV stations, 54 radio stations, and several newspapers. Significant layoffs followed.
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Ownership Information
Cox Media Group is owned by Apollo Global Management. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1898
Cox Media Group founded
2019
Acquired by Apollo Global Management for $3.1B
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