Cox Enterprises Buying Cox Media's Ohio Newspapers
Cox Enterprises, which has a minority stake in Cox Media Group, will buy CMG's Ohio newspapers that had been a barrier to Terrier Media's purchase of CMG, CMG said Monday. Cox Enterprises said the transaction won't affect its minority stake.…
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CMG said the deal will mean the newspapers won't have to eliminate some daily editions so as to not violate the cross-ownership rule (see 1910310072). It said the newspaper deal is expected to close "in the coming weeks."