Apollo Global Management expressed interest in Tegna earlier this year: Report
Apollo Global Management reportedly approached Tegna about buying the company earlier this year, The Wall Street Journal reported.
Tegna is the TV station group and digital media company that was created after Gannett split its newspaper and TV assets in 2015.
Technically, Tegna was formed from the “old Gannett” but took the name Tegna after the split.
The newspaper division, or “new Gannett” is a new company created in the switch.
Via its private equity investments, Apollo currently has interests in a wide range of ventures, including security company ADT, accessory and jewelry retailer Claire’s and Chuck E. Cheese.
Apollo also owns Endemol Shine Group, the production company behind shows such as “MasterChef” and “The Voice.”
In addition, Charter and its Spectrum platform is also included in Apollo’s portfolio.
According to the WSJ, Apollo first reached out to Tegna at the beginning of the year, with a letter sent to the board in February.
Neither Tegna or Apollo have responded to requested for comment.
Gannett, meanwhile, has entered into an agreement to merge with GateHouse Media.