Cox and Apollo are also discussing some joint venture agreements for Cox's broadcast station in Atlanta. :
Apollo Global Management LLC is nearing a roughly $3 billion agreement to acquire Cox Enterprises Inc's 14 regional TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in US broadcasting, people familiar with the matter said on Sunday. Cox, a privately held media conglomerate whose holdings span automotive websites, newspapers and cable TV, has been seeking to exit the regional TV sector, which is going through a wave of consolidation.