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Cox Enterprises isn't actually the "parent" of CMG, they're a minority stakeholder. The principal owner is a private equity firm called Apollo Global Management
by LordDragonfang 3y ago
Cox Enterprises isn't actually the "parent" of CMG, they're a minority stakeholder. The principal owner is a private equity firm called Apollo Global Management.
- tempestn 3y agoAppears you're correct. I assume it was spun off from Cox and then they sold the majority stake. Regardless, it's not some shell created to perpetuate a scam; it owns a ton of tv and radio stations.