Apollo Global Management Partners With Standard General Media In Attempt To Acquire Tegna Owned stations KING-TV and KONG-TV

[Y2kTheNewOldies]

Apollo Global Management Partners With Standard General Media In Attempt To Acquire Tegna.

Apollo Global Management, parent company of Cox Media Group, is partnering with Standard General Media to make a binding bid of more than $8 billion to purchase Tegna, which owns

www.insideradio.com

Note this deal will affect KIRO-TV, KING-TV and KONG-TV if this is approved by the FCC and SEC. Who gets the divested Tegna stations is yet to be seen here.

 

[Y2kTheNewOldies]

Byron Allen Among Bidders For Local TV Giant TEGNA

Update Allen Media is named as a candidate to get Tegna too.

 

[Y2kTheNewOldies]

Large Round Of Layoffs Hit Cox Media Group Stations - RadioInsight

Cox Media Group has made a number of layoffs across their radio properties. The layoffs stretched from corporate executives down to part-time staffers at local market stations. The cuts come as Cox Media Group owner Apollo Global Management seeks to acquire another large television group...

radioinsight.com

Expect cuts from Cox to happen especially when talks about taking over Tegna are at play here.