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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 partner 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.