Atlanta-based Cox Enterprises is buying back the Dayton
Daily News, Springfield News-Sun and Journal-News from Apollo Global
Management, the Dayton
paper reported.
That buyback means the papers can go on
publishing seven days a week. That had been in doubt after the Federal
Communications Commission said that Apollo could purchase Cox’s TV stations
only if Cox did not publish a daily paper in Dayton .
“This is the best possible outcome for the
newspapers, and it means we will continue to publish a printed newspaper seven
days a week, uninterrupted,” said Jana Collier, interim operations leader for
the Ohio
papers. “Our commitment to important local journalism has never waned, and we
will continue to serve our communities going forward.”
The deal is expected to close in a matter of
weeks.
Cox Enterprises will own the papers. Apollo
will own WHIO-TV and the Ohio
radio stations and operate them under the name Cox Media Group.
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