Cox Media Group
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Cox Media Group
Cox Media Group, Inc.
Subsidiary
IndustryMedia
FoundedDecember 2008 (2008-12)
Headquarters6205 Peachtree Dunwoody Road, ,
Key people
Kim Guthrie (President)
ParentCox Enterprises
(Transfer of ownership to Apollo Global Management pending)
DivisionsCox Newspapers
Cox Radio
Cox Television
Websitecoxmediagroup.com

Cox Media Group, Inc. (CMG) is an Atlanta-based media conglomerate owned by Cox Enterprises. The company primarily owns radio and television stations, as well as four daily newspapers.

In 2018, Cox announced the sale of its television stations to Apollo Global Management under the holding company Terrier Media (along with those of Northwest Broadcasting), with Cox retaining a minority stake. In 2019, it was announced that Apollo would also acquire Cox's radio stations and advertising businesses, and that the company would retain the Cox Media Group name.

History

In December 2008,[1] Cox Enterprises created Cox Media Group (CMG) by merging Cox Newspapers,[2] Cox Radio, and Cox Television into one integrated digital media company. The creation of Cox Media Group was a departure from grouping subsidiaries based solely on publishing medium.[3]

In August 2009, Cox Enterprises realigned its radio, television, newspaper/publishing, and digital assets into the same division.[4] Under the new structure, while the local brands remain independent, they share resources and some management. Dayton, Ohio, was considered the prototype for the media group, where radio, television, newspaper, and direct mail were all in the same market and were combined into a new building.[5] In other markets where the facilities aren't as close together, they do share some senior management; for example Houston & San Antonio Radio and the Austin American-Statesman newspaper all fall under the same regional vice president. In addition to the radio/TV stations and newspapers, Cox Media Group encompasses Cox Digital Solutions (digital sales for both Cox and non-Cox online and mobile properties), Cox Reps (national TV sales for station groups such as Gray and Gannett), Kudzu.com, Savings.com, and Valpak direct mail.[6]

CMG introduced a new group buying discount program called DealSwarm in October 2010.[7] DealSwarm provides online discounts at local businesses. The program is active in such Cox Media Group properties as Atlanta, Austin and Dayton.

In April 2013, CMG launched the online-only new site Rare.us as a conservative media source, originally with the tagline "Red is the Center" and more recently "America's News Feed."[8] After initially-low audience numbers, the site expanded dramatically following more prominent use of social media and a more diverse range of stories.[8]

In July 2012, CMG announced its intention to sell its radio stations in smaller markets: Birmingham, Greenville, Hawaii, Louisville, Richmond, and Southern Connecticut. It also intends to spin off its smaller market television stations in El Paso, Johnstown, Reno, and Steubenville.[9] The company said it intended to focus on larger markets or smaller markets that could be clustered together with other CMG properties.

On February 12, 2013, CMG announced the sale of the Birmingham, Greenville, Hawaii, Louisville, and Richmond radio stations to SummitMedia, and the southern Connecticut stations to Connoisseur Media;[10] two weeks later, on February 25, the company announced the sale of the four television stations (and the local marketing agreement for a fifth) to Sinclair Broadcast Group.[11]

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."[12] 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.[13] On February 15, 2019, Cox announced that Apollo Global Management would acquire a majority interest in the CMG television stations, as well as the Dayton radio stations and Ohio newspapers (whose operations are integrated with WHIO-TV), forming a new company that will retain Cox Media Group's management and operating structure; Cox Enterprises will hold a minority stake in this company.[14][15] Cox's other radio stations, as well as The Atlanta Journal-Constitution, are not included in the deal;[14] Cox had previously said that any deal involving the television stations would not include radio stations or newspapers.[12] 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).[16]

On March 18, 2019, the Atlanta Business Chronicle reported that Cox Enterprises was "exploring options" for its radio stations. The Atlanta Journal-Constitution would not be included in any potential deal for the stations.[17] On June 26, 2019, Cox announced that the radio stations, as well as national advertising businesses CoxReps and 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. As they will no longer be grandfathered, the new company must divest a radio station each in the Orlando and Tampa Bay markets.[18]

Cox Newspapers

Current holdings

Former holdings

CMG formerly held the majority stake in the cable TV network Travel Channel but spun it off to Scripps in 2009.[19]

The following newspapers were at one time owned by subsidiary Cox Newspapers Inc. or CMG:

Daily newspapers

Weekly newspapers

Cox Radio

Cox Media Group owns, operates or provides sales and marketing services to 57 stations in 20 markets. This radio portfolio includes 71 FM stations and 15 AM stations.[20]

Cox Radio became a public company, majority owned by Cox Enterprises, in 1996. Around April 2009, Cox Enterprises proposed a US$69-million takeover offer of Cox Radio. The offer expired on May 1, 2009.[21] The offer was later raised to $4.80 a share, and the expiration was pushed to May 13.[22] The offer was accepted, and the acquisition was completed on June 1.[23]

Talk Shows

Cox Radio-owned radio stations

  • Note: **--indicates a station built and signed on by Cox.
AM Stations FM Stations

Cox Television

Cox Television-owned television stations

Stations are listed in alphabetical order by state and city of license.

Note:

  • (**) - Indicates a station built and signed on by Cox.
  • (++) - Indicates a station that was owned by Newport Television prior to its acquisition by Cox in 2012.
  • (?) - Indicates a station that was acquired by Cox from Fox Television Stations in 2014.
  • (¤¤) - Indicates a station that was owned by Northwest Broadcasting prior to is acquisition by Cox in 2019.

Current

Notes:

Former

Notes:

  • 1 Co-owned with Knight Newspapers until 1962 in an equally-divided joint venture.
  • 2 KAME-TV owned by Ellis Communications, Cox operated this station, along with sister-station KRXI-TV.

Cox Television-owned cable channels

References

  1. ^ Business First (2008-12-04). "Cox media units combining into Cox Media Group - Louisville - Business First". Bizjournals.com. Retrieved .
  2. ^ "Cox Newspapers, Inc. profile and media properties". Archived from the original on June 14, 2011. Retrieved 2011.
  3. ^ "Cox Newspapers, Inc. profile and media properties". Archived from the original on July 23, 2011. Retrieved 2011.
  4. ^ "Archived copy". Archived from the original on 2015-04-02. Retrieved .CS1 maint: archived copy as title (link)
  5. ^ "Archived copy". Archived from the original on 2015-03-24. Retrieved .CS1 maint: archived copy as title (link)
  6. ^ "Archived copy". Archived from the original on 2015-03-27. Retrieved .CS1 maint: archived copy as title (link)
  7. ^ "The DealSwarm Arrives in Atlanta, Austin, Dayton, Seattle with O". Cox Media Group. 2010-10-12. Archived from the original on 2012-03-26. Retrieved .
  8. ^ a b O'Leary, Sean (September 15, 2014). "Cox Media Group cooks up America's News Feed". Newspaper Association of America. Archived from the original on 2014-09-18. Retrieved 2014.
  9. ^ "Archived copy". Archived from the original on 2013-01-27. Retrieved .CS1 maint: archived copy as title (link)
  10. ^ Carlton, Bob (February 12, 2013). "Cox Media sells Kiss, Jamz, WZZK, other Birmingham radio stations to group that includes David DuBose". The Birmingham News. Retrieved 2013.
  11. ^ Malone, Michael (February 25, 2013). "Sinclair to Acquire Five Cox Stations". Broadcasting & Cable. Retrieved 2013.
  12. ^ a b Simon, Mollie (July 24, 2018). "Cox Enterprises looks to sell its TV stations". Atlanta Business Chronicle. Retrieved 2018.
  13. ^ Jacobson, Adam (July 24, 2018). "Cox On The Block: TV 'Merger or Partnership' Confirmed". Radio & Television Business Report. Retrieved 2018.
  14. ^ a b Trubey, J. Scott (February 15, 2019). "Cox Enterprises to sell majority stake in TV stations to Apollo". The Atlanta Journal-Constitution. Retrieved 2019.
  15. ^ Gnau, Thomas (February 15, 2019). "Cox, Apollo agree to form private company". Dayton Daily News. Retrieved 2019.
  16. ^ Jessell, Harry A. (March 6, 2019). "Cox TV Valued At $3.1 Billion In Apollo Acquisition". TV News Check. Retrieved 2019.
  17. ^ Allison, David (March 18, 2019). "Cox Enterprises exploring options for its radio stations". Atlanta Business Chronicle. Retrieved 2019.
  18. ^ Jacobson, Adam (June 26, 2019). "It's Official: Cox Radio, Gamut, CoxReps Going To Apollo". Radio & Television Business Report. Retrieved 2019.
  19. ^ "Cox sells Travel Channel majority to Scripps". Atlanta Business Chronicle. 2009-11-05. Retrieved .
  20. ^ "Archived copy". Archived from the original on 2015-03-25. Retrieved .CS1 maint: archived copy as title (link)
  21. ^ "Cox Radio offer extended." Dayton Business Journal. Monday April 20, 2009. Retrieved on April 24, 2009.
  22. ^ "Cox Radio Gains On Higher Buyout Offer[permanent dead link]." Radio and Records. Thursday April 30, 2009. Retrieved on May 7, 2009.
  23. ^ "Cox Radio now part of Cox Enterprises". Louisville Business First. 2009-06-01. Retrieved .
  24. ^ a b "Fox Acquires San Francisco TV Stations in Swap with Cox". Variety. Retrieved 2014.
  25. ^ a b "KTVU becomes a Fox station". SFgate.com. Retrieved 2014.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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