The shuffle of local channels continues as this week the Cox Media Group agreed to sell the majority control of their TV and radio stations to Apollo Global Management. This means your local may have a new owner.
The stations included in this deal are:
- WSB-TV, ABC (Atlanta)
- WFTV-TV, ABC (Orlando, Fla.)
- WRDQ-TV, Independent (Orlando)
- WSOC-TV, ABC (Charlotte, N.C.)
- WAXN-TV, Independent (Charlotte)
- WPXI-TV, NBC (Pittsburgh)
- WHIO-TV, CBS (Dayton, Ohio)
- KIRO-TV, CBS (Seattle)
- WHBQ-TV, Fox (Memphis, Tenn.)
- WHBQ-TV, Fox (Memphis)
- WFOX-TV, Fox (Jacksonville, Fla.)
- KOKI-TV, Fox (Tulsa, Okla.)
- KMYT-TV, My Network (Tulsa)
“These stations have decades of experience breaking barriers and delivering the news and information their communities need daily,” said Alex Taylor, president and CEO, Cox Enterprises. “We wanted to find a company that is committed to investing in broadcast television now and in the future, and we found that in Apollo.”
“We are extremely excited for our funds to acquire a majority interest in Cox Media Group’s broadcast television stations and are humbled by Cox Enterprises’ decision to entrust us to steward these stations and carry on the Cox legacy. We have an extraordinary amount of respect and admiration for the journalistic integrity, news quality, and commitment to community across Cox Media Group’s broadcast stations,” said David Sambur, senior partner at Apollo. “We look forward, in collaboration with Cox Enterprises, to supporting the high standards to which each station operates and contributing to the platform’s future growth and prosperity.”
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