In an effort to save costs, Cox Enterprises, which announced it was shuttering its Washington D.C.-based news bureau in April, will combine Cox Newspapers, Cox Television and Cox Radio into one organization called Cox Media Group, Inc.
The new entity includes 17 daily and 26 non-daily newspaper publications, 15 television broadcast stations and 86 radio stations. Neil Johnson will be the CFO, transitioning from his position as CFO of Cox Radio.
No job cuts were included in the announcement, but they can’t be far behind.
In August, the company said it would look to sell some of its newspaper holdings as well as Valpack.