An Old Debt for New Debt Plan For CMG Arises

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It may be privately held, but that doesn’t mean it doesn’t have similar fiscal challenges to its publicly traded peers in the U.S. broadcast media industry. Cox Media Group, majority-owned by Apollo Global Management, is moving forward with a lender offer that would see it push out its debt by two years.


Perhaps the biggest takeaway from the plan is that the interest rate will not go up, or down, if debtholders say yes.

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