Cox Notifies Employees Of Potential Radio Sale

Cox Media GroupFollowing the $3.1 bllion deal with Apollo Global Management to spin their television and Dayton OH radio properties into a new company, Cox Media Group has begun taking steps towards divesting their other 57 radio properties.

The Atlanta Business Chronicle reports that Cox has informed their employees that it is exploring options for the stations. It has been widely expected that once Cox finalized its plans for their television holdings they would then turn their attention towards a sale or merger of their radio properties.

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