The Federal Communications Commission has given a 60-day
extension to Cox Media Group, letting the company to go on producing three Ohio papers seven days a week, the Dayton paper reported.
The other papers are the Springfield News-Sun
and Journal-News.
Cox Media Group believes it will have a
purchaser for the three papers within 60 days.
“This is fantastic news for our employees, our
customers and the communities that our newspapers serve,” said Rob Rohr, market
vice president of CMG’s Dayton
properties. “This would not have been possible without the thousands of hours
of hard work by Cox Media Group leadership with the full support of Apollo
Global Management’s team. It’s thanks to them that the FCC enabled us to have
more time to find a long-term solution for our newspapers.”
In 2019, Cox Enterprises announced that Apollo
Global Management was buying most of Cox’s media outlets. Apollo created an
entity titled Terrier Media, but the media businesses will still use the Cox
Media Group name.
In fall of 2019, the FCC approved the Apollo
purchase, but it forced Apollo to cut the daily papers to three print days a
week to comply with a court’s ruling on FCC rules that don’t allow one company
to own the dominant broadcast media and a daily paper in the same market. The
ruling gave Apollo until Jan. 16 to put the three-day schedule in place. In this
latest move, the FCC pushed that deadline out to March 16, the Dayton paper reported.
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