Cox Puts 14 TV Stations On Auction Block
Cox Media Group is looking to sell its 14 TV stations in 10 markerts or merge them into a larger station group, according to an internal announcement obtained by TVNewsCheck.
“It’s important you know that this decision was not taken lightly,” says the memo from CMG President Kim Guthrie.
“Our analysis shows that scale is critical to be successful. We firmly believe that our great stations – and talented people – will need to be part of a larger entity to thrive in the future.
“Success will depend on our stations ability to drive digital growth and approach relationships with networks and distributors from a position of strength.
“This decision will likely mean that we will no longer solely control our existing TV portfolio.”
Shortly after the internal announcement, Cox made a public one.
The public release said that parent Cox Enterprises has no immediate plans for CMG’s radio stations, newspapers and other businesses, which include Cox Reps, Gamut, Videa and Ideabar.
“Cox’s television stations are and will always be an important part of our company’s history, and we greatly value the contributions of these stations to the success of our company and to the communities where we do business,” said Jim Kennedy, chairman of Cox Enterprises, in a statement.
“We are deeply appreciative of the employees at these stations and their dedication to delivering quality, consistent and trustworthy journalism.”
The 14 stations (and their affiliations):
WFXT Boston (Fox)
WSB Atlanta (ABC)
WFTV-WRDQ Orlando (ABC-Ind.)
WSOC-WAXN Charlotte (ABC-Ind.)
WPXI Pittsburgh (NBC)
WHIO Dayton (CBS)
KIRO Seattle (CBS)
WJAX-WFOX (CBS-Fox) Jacksonville, Fla.
WHBQ Memphis (Fox)
KOKI-KMYT Tulsa (Fox-MNT)