Trade Southern Cross Media Group
Cox Media Group, an American media group largely owned by Apollo Global Management in collaboration with Cox Companies, which holds a 19.9% minority stake in the company. The company primarily owns radio and television stations – many of which are located in the South, Pacific Northwest, Midwest, Northeast, and Regional Cable News Network Pittsburgh Cable News Channel (PCNC). Originally founded in December 2008 by Cox Companies through the consolidation of existing publishing and broadcasting subsidiaries, the current incarnation of Cox Media Group was formed on December 17, 2019 through the acquisition of the original Cox Media Group (along with Cox Enterprise Advertising Company, Gamut) from Cox Enterprises - which transferred a controlling stake in the company to Apollo - and The Northwest Radio from Brian Brady. in December 2008, Cox Enterprises established Cox Media Group (CMG) by merging Cox Newspapers, Cox Radio, and Cox TV into one integrated digital media company. The establishment of the Cox Media Group was a departure from the consolidation of subsidiaries based solely on publishing media. In August 2009, Cox Enterprises reorganized its radio, television, press/publishing and digital assets in the same section. Under the new structure, while local brands remain independent, they share resources and some management. Dayton, Ohio, was considered the prototype of the media group, where radio, television, newspapers and direct mail were all in the same market and integrated into a building New. In other markets where facilities are not close to each other, they share some senior management. For example Houston, San Antonio Radio and Austin American Statesman newspaper each fall under the same regional vice president. In addition to radio, television and newspaper stations, Cox Media Cox Group includes digital solutions (digital sales for both Cox and Non-Cox online and mobile properties), Cox Representatives (national television sales for station groups such as Grey and Gannet), Kudzu.com, Savings.com, and Valpak Direct Mail. CMG introduced a new collection of discount purchase software called DealSwarm in October 2010. DealSwarm offers online discounts at local companies. The program is active in such features as Cox Media Group such as Atlanta, Austin and Dayton.