Apollo affiliates to buy stake in Cox Media Group TV stations [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
Apollo affiliates to buy stake in Cox Media Group TV stations Westend61 | Getty Images Apollo Global Management Cox s will still maintain a minority stake. Apollo and Cox will form a new company headquartered in Atlanta to operate the stations, according to the press release, and Apollo Funds will also acquire a majority stake in Cox's radio and newspaper properties in Ohio. Cox's TV stations, which span cities including Atlanta, Charlotte, North Carolina, Seattle, and Boston, reach a combined 31 million viewers across the country, according to the company. Cox announced last year that it wanted to sell its 14 TV stations as the broadcast industry continues to consolidate and take on pay-TV providers, which pay retransmission fees to broadcasters for the right to carry their stations. CNBC previously reported TEGNA EW Scripps Nexstar –CNBC's Alex Sherman contributed to this report. Here is the full announcement Cox s Inc. today announced that it has reached an agreement with funds (th
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CMCSA
Earnings
- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- CMCSA's page on the SEC website