Cox Media Group confirmed today that Kim Guthrie will continue as head of the station group after an Apollo private equity fund closes on its deal to buy the group. She is now president of CMG.
Cox Enterprises will retain a minority in the new company substantially owned by Apollo Global Management.
Executives from leading local and national news players in the OTT space discuss their various options for packaging and presenting content on the platform. Also crucial is figuring out how best to differentiate one’s OTT service from the many competing options, overcoming a lack of viewing metrics and personalizing content for viewers.
Sinclair’s Scott Ehrlich, Cox’s Ian Stinson, CBS’s Adam Wiener and Gray’s Erin Overstreet will offer insights they’ve gained into local news audience behavior, optimal OTT content and programming decisions, backend tech challenges and monetization opportunities at TVNewsCheck’s OTT News Summit on June 11.
Apollo Global is cobbling together a major new station group by melding Cox, Northwest and spinoffs from the Nexstar-Tribune merger. Not much is known about the four-sided deal at this point, but it’s got everybody talking. Most surprising to me: Northwest and its retrans contracts may be the key to the whole thing.
Apollo Global Management will get a majority interest in Cox Media Group’s 13 television stations. Cox Enterprises will maintain a minority stake and will join Apollo in forming a new company to operate these stations, which will be headquartered in Atlanta.
With growing station group M&A and more in-house repping, industry observers say Cox Media Group may have to decide whether to sell the rep division or shutter it. However, Cox’s automated sales platform Videa remains a key asset.
The new multi-year agreement covers all Cox TV and radio stations plus CoxReps and Videa.
Cox Media Group (CMG) has sold Mundo Hispánico to Mundo Hispano Digital Network (MHDN), a tech-focused media company created to serve the U.S. Latino community through digital and written content, publishing reach and social media network. The price was not disclosed. “We are excited that Mundo Hispánico has found a new home with owners who are committed to continue offering quality news […]