Deals
Apollo Is Nearing Deal for Group of Nexstar Stations
- Leon Black’s firm is closing in on Nexstar, Cox transactions
- Combined, TV stations would reach nearly a quarter of market
Photographer: kizilkayaphotos/iStockphoto via Getty Images
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The TV industry has an unlikely new star: Leon Black.
The billionaire investor is poised to become one of the biggest players in local television thanks to a dealmaking spree. His private equity firm, Apollo Global Management LLC, is working on a trifecta of transactions that could give it control of more than 40 stations from Atlanta to Seattle.