DAYTON, Ohio (AP) — Cox Enterprises Inc. said Monday it has repurchased its three Ohio newspapers, allowing daily print publication to continue.
Printing seven days a week was in danger after the company sold its properties to Apollo Global Management last year. The Federal Communications Commission had said Apollo could buy Atlanta-based Cox's TV stations only if it stopped publishing a daily newspaper in the Dayton market.
The decision was the best possible outcome for the newspapers, said Jana Collier, interim operations leader for the Ohio newspapers, according to the Dayton Daily News.
"Our commitment to important local journalism has never waned, and we will continue to serve our communities going forward," Collier said. The papers are the Dayton Daily News, the Springfield News-Sun and the Hamilton-Middletown Journal-News.
In November, the FCC approved the Cox-Apollo sale, but it required Apollo to reduce the daily newspapers to three days or sell them.
Going forward, the newspapers will operate separately and be owned by Cox Enterprises, the Daily News reported. WHIO-TV and the Ohio radio stations will be owned by New York-based Apollo, which is using the name Cox Media Group for its broadcast business.