Apollo to buy majority stake in Cox TV stations.

https://www.tvtechnology.com/news/apollo-buying-majority-stake-in-cox-tv-stations

ATLANTA—Apollo Global Management and Cox Enterprises have struck a deal that will see Apollo acquire a major interest in Cox Media Group’s broadcast television stations across the country. Cox Enterprises, which will retain a minority stake in the stations, will combine with Apollo to create a new company that will operate the stations and be headquartered in Atlanta.

The stations that are part of the acquisition are in most cases local news leaders in their areas, covering nine states and a combined 31 million viewers. The stations, which make up the entirety of Cox Media Group’s television portfolio, include:

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)

Cox Media Group also provides programming sales and other operation services for WJAX-TV, CBS, in Jacksonville.