No longer a daily: Three Ohio papers to be cut to clear $3.1B Apollo purchase
The 121-year old Dayton Daily News and two other Ohio newspapers will shrink to three days a week from daily publication to appease regulators who on Monday approved a $3.1 billion acquisition of Cox TV stations and newspapers by private equity firm Apollo Global Management.
The Leon Black-led Apollo proposed cutting back the print editions of the Pulitzer Prize-winning Dayton Daily, among others, to get around Federal Communications Commission rules banning the same owner from having a TV station and daily newspaper in the same market.…
The other two papers facing the cuts in print frequency are the Journal-News in Hamilton, Ohio, and the Springfield News-Sun in Springfield, Ohio.
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