Say what you want about the Gotham tabloid New York Post, but their Business desk sure knows how to get a good Wall Street scoop.
The publication late Monday (9/20), citing unnamed sources, noted that Apollo Global Management — the controlling party of Cox Media Group — had teamed up with dissident investor Standard General, led by Soo Kim — on a binding TEGNA acquisition bid valued at upward of $8 billion.
TEGNA on Tuesday morning confirmed the offer.
