CMG Sale Expected To Close December 17

The sale of Cox Media Group stations is expected to close Dec. 17.

The buyer originally was Apollo Global Management, which has changed the purchasing company’s name to Terrier Media.

“We’re finally near the finish line to close the sale of our TV and radio portfolios, CoxReps and Gamut businesses to Terrier Media. We currently anticipate the transaction to close on Dec. 17, 2019,” Kim Guthrie, president of Cox Media Group, wrote Monday in an email to the staff. Cox Media Group is based in Atlanta.

"We have 30 days post the transaction close to comply with the FCC order, and we will share more as soon as we can,” Guthrie added. “Over the next few days we will have a regular stream of communications to our CMG teams to ensure you have all the tools you need for a seamless transition to the new company post close. And, yes, we have some big celebrations planned to mark this incredible milestone in CMG’s history."

In February, Cox announced the sale for $3.1 billion. The TV stations in the CMG portfolio are:

WSB-TV, ABC (Atlanta), WFTV-TV, ABC (Orlando, Fla.), WRDQ-TV, Independent (Orlando), WSOC-TV, ABC (Charlotte, N.C.), WAXN-TV, Independent (Charlotte), WPXI-TV, NBC (Pittsburgh), WHIO-TV, CBS (Dayton, Ohio), KIRO-TV, CBS (Seattle), WHBQ-TV, Fox (Memphis, Tenn.), WHBQ-TV, Fox (Memphis), WFOX-TV, Fox (Jacksonville, Fla.), KOKI-TV, Fox (Tulsa, Okla.) and KMYT-TV, My Network (Tulsa).

Cox also has 61 radio stations in 11 markets.