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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
Cox Media Group to Sell Radio Portfolio, CoxReps and Gamut Businesses
- Client News
- June 26, 2019
Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, LLC in their acquisition of the Cox Media Group’s radio station portfolio, as well as the CoxReps and Gamut national advertising businesses of Cox Enterprises, Inc., through a new broadcasting company. Financial terms of the transaction were not disclosed. Cox Media Group operates more than 60 radio stations across 11 markets, reaching 14 million listeners monthly. CoxReps is the country's largest national television rep company for local broadcast television. Gamut offers market leading, customized and localized digital advertising and OTT solutions to clients on a national scale. The transaction will expand the new broadcasting company, which announced in February its purchase of Cox Media Group's broadcast television group and the company's radio, newspaper and television properties in Ohio.
The Paul, Weiss team includes, among others, M&A partners Taurie Zeitzer and Brian Scrivani and counsel Lisa Koff; securities partner Brian Janson; finance partners Gregory Ezring and Mark Wlazlo; intellectual property partners Chuck Googe; tax partner Brad Okun; real estate partner Mitchell Berg; investment funds partner Matthew Goldstein; litigation partner Lewis Clayton and counsel Daniel Mason; and entertainment counsel Carolyn Casselman.