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Apollo Exploring Potential $4 Billion Sale of Cox Media Group

Apollo Global Management Headquarters Interviews — *Photographer: Jeenah Moon/Bloomberg*

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By Michelle F Davis and Christopher Palmeri

March 21, 2025 at 4:34 PM UTC

This article is for subscribers only.

Apollo Global Management Inc. is looking to exit the business of broadcast television and radio.

The New York-based alternative asset manager has hired Moelis & Co. to help it explore a potential sale of Cox Media Group, including its portfolio of local broadcast television and radio stations from Atlanta to Seattle, according to people familiar with the matter.