Cox Enterprises Merging Newspapers, TV, Radio Into Cox Media Group; 100-Plus Digital Services
This story was written by Staci D. Kramer.
Waving the operational efficiency flag, Cox Enterprises is merging its three media unitsCox Newspapers, Cox Television and Cox Radio-- into the Cox Media Group headquartered in Atlanta. The units will operate separately but will share a corporate structure. When the move takes effect in January, the new group will include the flagship Atlanta Journal-Constitution and 16 other daily newspapers; 26 non-daily newspapers; 15 local TV stations; 86 radio stations (Cox Radio will continue trading on the NYSE); and 100-plus digital services. It also includes Valpack, the coupon company Cox put up for sale in August. Cox will continue with plans to sell Valpack and its newspapers in Texas, North Carolina and Colorado. Cox vet Schwartz, who will be president of Cox Media Group, listed digital as one of the advantages of merging the units: "We are bringing together our wide array of digital resources that ultimately will lead to enhanced online and mobile experiences for all our audiences." Release.
AP: Doug Franklin, publisher of the chain's *Palm* Beach Post, will head up newspapers as EVP; Bruce Baker will lead the TV group and Robert F. Neil continues as president and CEO of Cox Radio.
By Staci D. Kramer