Apollo Global to buy Cox radio stations, CoxReps and Gamut advertising unit
Cox Enterprises Inc said June 26 that it agreed to sell its Cox Media Group's radio station portfolio as well as its CoxReps and Gamut national advertising businesseses to Apollo Global Management LLC. Financial terms weren’t announced. Cox Enterprises will have minority of the new company. Cox Media Group operates more than 60 radio stations across 11 markets, while CoxReps is a national television rep company for local broadcast television. Gamut offers digital advertising and OTT solutions to clients on a national scale.
27 June 2019•5 mins read
