The offer expired on May 1, 2009.
Around April 2009, Cox Enterprises proposed a US$69-million takeover offer of Cox Radio. The company primarily owns radio and television stations—many of which are located in the South, Pacific Northwest, Eastern Midwest, and Northeast, and the regional cable news network Pittsburgh Cable News Channel (PCNC). The company's major national brands include AutoTrader, Kelley Blue Book and more.
Michael Oppenheim, Collections & Reference Services, UCLA. One Dag Hammarskjold Plaza
Cox Media also owns three leading newspapers in Ohio. The Atlanta Journal-Constitution would not be included in any potential deal for the stations. Stations are listed in alphabetical order by state and city of license. [29] The offer was later raised to $4.80 a share, and the expiration was pushed to May 13. I really appreciate the depth you were able to get to so quickly (for our project). [18], On June 26, 2019, Cox announced that the radio stations, as well as national advertising business – CoxReps, and local OTT advertising agency - Gamut, would also be acquired by the Apollo Global Management-backed company, which concurrently announced that it would retain the Cox Media Group name instead of Terrier Media. [4], In 1982, CBC moved its headquarters to the Atlanta area and changed its name to Cox Communications, Inc.
Cox Radio broadcasts about 50 radio stations across 10 markets, reaching 14 million listeners monthly, while Cox Television broadcasts about a dozen stations in 10 markets, and its Northwest Broadcasting operates another 20 TV stations. Owned by Hoffmann Communications, Inc., Cox Media Group operates WJAX under a SSA. [29] The offer was later raised to $4.80 a share, and the expiration was pushed to May 13.
"[13] Cox Media Group's president, Kim Guthrie, subsequently clarified to trade publication Radio & Television Business Report that the company was solely seeking "a merger or partnership" and not an outright sale of the television stations. I am very impressed, I have to say!
The 1980s saw Manheim acquire its first non-U.S. auction in Toronto, Canada, making Cox an international company. [24], Gamut is a Cox Media Group company that specializes in local over-the-top (OTT) video advertising solutions, whereas Cox Media Group focuses on linear television and radio.
Real inventory. To comply with regulations prohibiting the cross-ownership of broadcast stations and daily newspapers (which the FCC had sought to repeal), CMG agreed to cut publication of its Ohio newspapers to three days a week within 30 days of the deal's completion; Cox Enterprises also reduced its stake in CMG to a non-attributable interest, eliminating an ownership conflict with The Atlanta Journal-Constitution. Proprietary analytics.
Cox Media Group (CMG) is an industry-leading media company with dominant brands, award-winning content, and exceptional people. Around April 2009, Cox Enterprises proposed a US$69-million takeover offer of Cox Radio. Cox Media has been a trusted partner for 13 years … [7] DealSwarm provides online discounts at local businesses. Cox Enterprises holds a 19.9% interest in Cox Media Group. In July 2012, CMG announced its intention to sell its radio stations in smaller markets: Birmingham, Greenville, Hawaii, Louisville, Richmond, and Southern Connecticut. Learn how and when to remove this template message, "Cox media units combining into Cox Media Group - Louisville - Business First", "Cox Newspapers, Inc. profile and media properties", "The DealSwarm Arrives in Atlanta, Austin, Dayton, Seattle with O", "Cox Media Group cooks up America's News Feed", "Cox Media sells Kiss, Jamz, WZZK, other Birmingham radio stations to group that includes David DuBose", "Cox Launches Gamut, a New Company Addressing Evolving Needs", "Cox Enterprises looks to sell its TV stations", "Cox On The Block: TV 'Merger or Partnership' Confirmed", "Cox Enterprises to sell majority stake in TV stations to Apollo", "Cox, Apollo agree to form private company", "Cox TV Valued At $3.1 Billion In Apollo Acquisition", "Cox Enterprises exploring options for its radio stations", "It's Official: Cox Radio, Gamut, CoxReps Going To Apollo", "With FM Spins And Newspaper Sacrifices, FCC Approves Apollo Buyout Of Cox Media", "FCC OKs Foreign Dollars For Cox/Apollo With Deal's Approval | Radio & Television Business Report", "Cox Enterprises Announces Close of Cox Media Group Sale to Affiliates of Apollo Global Management", "Cox Keeps Dayton, Butler County And Springfield Newspapers In The Family", "Jana Collier named publisher of Cox Enterprises’ Ohio newspapers", "Discovery, Inc. Partners with Gamut to Bring Lifestyle Packages to OTT", "New Gamut Platform Manages Local OTT Campaigns", "Fox Acquires San Francisco TV Stations in Swap with Cox", https://en.wikipedia.org/w/index.php?title=Cox_Media_Group&oldid=982491482, Mass media companies of the United States, Radio broadcasting companies of the United States, Television broadcasting companies of the United States, Cable network groups in the United States, 2008 establishments in Georgia (U.S. state), Articles with dead external links from August 2017, Articles with permanently dead external links, Articles needing additional references from October 2012, All articles needing additional references, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 October 2020, at 13:48.
[12], On July 24, 2018, Cox Enterprises announced that it was "exploring strategic options" for Cox Media Group's television stations, which the company said could involve "partnering or merging these stations into a larger TV company. CMG provides valuable local content to viewers in the communities in which it serves. [19], Both acquisitions, along with Apollo's concurrent $384 million acquisition of Northwest Broadcasting, were approved by the FCC on November 22, 2019, under conditions imposed after a federal court blocked changes to several FCC ownership policies. [30] The offer was accepted, and the acquisition was completed on June 1.[31]. Originally founded in December 2008 by Cox Enterprises through a con… Cox Media Group (CMG) is an integrated broadcasting, publishing, direct marketing and digital media company. Cox Media Group, Inc. (CMG) is an American media conglomerate principally owned by Apollo Global Management in conjunction with Cox Enterprises, which maintains a 19.9% minority stake in the company. It also intends to spin off its smaller market television stations in El Paso, Johnstown, Reno, and Steubenville. He was the Democratic Party candidate for president of the United States in the presidential election of 1920, running unsuccessfully on a ticket that included Franklin D. Roosevelt as the vice presidential candidate. [3], In August 2009, Cox Enterprises realigned its radio, television, newspaper/publishing, and digital assets into the same division. [13] In March 2019 filings with the Federal Communications Commission (FCC), Apollo disclosed that the new company, tentatively named Terrier Media, would purchase the Cox stations for $3.1 billion (reduced by the value of Cox's equity stake in Terrier).