Capital Maharaja Group - CMG

What Capital Maharaja Group - CMG does

Cox Media Group (CMG) is a privately held, integrated U.S. media company operating 17 television brands and 45 radio stations across 9 domestic markets (Atlanta, Boston, Charlotte, Dayton, Eugene, Jacksonville, Orlando, Pittsburgh, Seattle, plus additional radio markets), reaching more than 60 million Americans each week. The entity is legally CMG Media Corporation d/b/a Cox Media Group, domiciled in Georgia, USA, and ultimately owned by Terrier Media Buyer, Inc., a private-equity-backed holding company. CMG's business is anchored in local news, weather, sports, and investigative journalism, with affiliated sub-brands including CMG Investigations (cross-market collaborative reporting across 8 markets), CMG Gets Real (community-conversation programming), and CMG Local Solutions (data-driven advertising and marketing services). The portfolio also includes Spanish-language expansion via NOTICIAS JACKSONVILLE on Telemundo Jacksonville, launched May 4, 2026.

The core operating technology is a multi-platform broadcast infrastructure spanning 17 TV brands and 45 radio stations in 9 markets, integrated with digital streaming and online content-delivery systems. CMG Local Solutions layers data and analytics onto the broadcast base to deliver customized digital advertising. Editorial differentiation rests on locally staffed newsrooms that have produced investigations with measurable regulatory outcomes — including a Social Security overpayment probe that triggered a Congressional hearing and SSA policy change, and an MV Realty investigation that led to lawsuits by 9 attorneys general, 17 state laws, and the company's bankruptcy.

CMG monetizes primarily through advertising across television, radio, and digital channels, targeting local, regional, and national advertisers seeking to reach engaged audiences in specific U.S. markets. Distribution is sales-led via dedicated advertising sales teams serving these three tiers, with CMG Local Solutions as the consolidated digital offering. The financial structure reflects private-equity ownership: in December 2019, Terrier Media Buyer, Inc. issued $1,015 million in 8.875% Senior Notes due 2027, indicating a leveraged capital base. Pricing is not publicly disclosed and is understood to be quote-based, varying by market, time slot, audience reach, and campaign duration. Note on source attribution: the firmographic record at the top of the input identifies the subject as a Sri Lankan conglomerate founded in 1930, while the bulk of the supplied evidence (operations, leadership, locations, products, debt issuance, website domain cmg.com) describes Cox Media Group. The investment analysis below is grounded in the Cox Media Group evidence base.

Funding & leadership: CMG's debt stack (8.875% Senior Notes due 2027, $1.015B aggregate) is the principal disclosed financing event; no equity funding rounds or recent M&A are present. The executive team is led by Daniel York (President & CEO) and Steven J. Pruett (Executive Chairman), with functional presidents for content/WSB-TV (Marian Pittman) and radio (Rob Babin), plus CXOs for finance (Brad Smith), legal (Eric D. Greenberg), and people/administration (Mary Ellen Marcilliat-Falkner), and a Chief Sales Officer (Darren Moore).

Name

Capital Maharaja Group - CMG

Legal name

CMG Media Corporation d/b/a Cox Media Group

Website

https://cmg.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Cox Media Group (CMG) is a privately held, integrated U.S. media company operating 17 television brands and 45 radio stations across 9 domestic markets, reaching over 60 million Americans weekly through news, entertainment, and CMG Local Solutions advertising services.

Ownership category

akta.pro rank

Product category

Broadcast Media and Advertising

NAICS

Radio Broadcasting Stations (51611), Television Broadcasting Stations (51612), Radio and Television Broadcasting Stations (5161)

SIC

Radio Broadcasting Stations (4832), Television Broadcasting Stations (4833)

akta.pro primary industry

Local Radio Station Groups (Owned & Operated/Station Chains) (MPABACAC)

akta.pro secondary industries

Local News & Weather Stations (MPABACAJ), Commercial Radio Networks (National/Regional) (MPABABAA), News/Talk Radio Networks (MPABABAD)

Keywords

• Broadcast television
• Radio broadcasting
• Digital advertising
• Local media
• News content

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Television Advertising: Revenue from TV advertising across 17 market-leading television brands in 9 markets, including local, regional, and national ad placements, with integrated digital extensions.
2. Radio Advertising: Revenue from radio advertising across 45 radio stations in 9 markets, including spot advertising, sponsorships, and digital audio extensions.
3. Digital Advertising & Local Solutions: Best-in-class marketing services, data and analytics through CMG Local Solutions, driving real business results for clients seeking customized digital advertising.
4. Financial Reporting: On December 17, 2019, Terrier Media Buyer, Inc. (which operates under the name Cox Media Group) issued $1,015 million aggregate principal amount of 8.875% Senior Notes due 2027, indicating debt financing structure.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Cox Media Group operates a portfolio of 17 market-leading television brands and 45 radio stations across 9 U.S. markets, delivering local news, weather, sports, and investigative journalism to over 60 million Americans weekly. Through CMG Local Solutions, the company sells digital and multi-platform advertising solutions backed by data and analytics to local, regional, and national advertisers.

Product overview

Cox Media Group is an integrated media company operating a portfolio of 17 high-quality, market-leading television brands in 9 markets and 45 top-performing radio stations in 9 markets, reaching over 60 million Americans weekly. The company delivers news, entertainment, and advertising content across broadcast TV, radio, and digital platforms. The television brands (WSB-TV, Boston 25 News, WSOC-TV, WFTV, KIRO7, WPXI, and others) provide local news, weather, sports, and investigative journalism. The radio brands span formats including country, classic hits, R&B, hip hop, news/talk, sports, and alternative across markets from Athens to Tampa. CMG Local Solutions provides advertising and marketing services with data analytics. CMG Investigations conducts collaborative investigative reporting across all markets. CMG Careers Portal enables recruitment for company positions.

Differentiator

Problem solved

Functional benefit

Brands

• CMG Local Solutions: Best-in-class technology with data and analytics to drive real business results for advertising clients
• CMG Investigations
• CMG Gets Real
• WSB-TV
• Boston 25 News
• KIRO7
• WFTV
• 95.5 WSB

Products and services

• CMG Television Network Portfolio of 17 market-leading television brands across 9 U.S. markets (including WSB-TV/Atlanta, Boston 25 News, WSOC-TV/Charlotte, WFTV/Orlando, WHIO-TV/Dayton, KIRO7/Seattle, WPXI/Pittsburgh, WFOX and WJAX/Jacksonville, KLSR-TV/Eugene, WRDQ/Orlando, and WAXN/Charlotte) providing local news, weather, severe weather coverage, sports, traffic, and investigative journalism to over 60 million Americans weekly.
• CMG Radio Network Portfolio of 45 top-performing radio stations across 9 U.S. markets spanning formats including news/talk, country, classic hits, R&B, hip hop, sports, Spanish, alternative, and classic rock across markets from Athens GA and Atlanta to Long Island NY, Miami, Orlando, San Antonio, and Tampa.
• CMG Local Solutions Best-in-class marketing services platform delivering customized digital advertising solutions with data and analytics to drive real business results for local, regional, and national advertisers across CMG's TV, radio, and digital properties.
• NOTICIAS JACKSONVILLE Spanish-language local news service launching May 4, 2026 on CMG's Telemundo Jacksonville, bringing Spanish-language local news coverage to the Jacksonville, Florida market for the first time.

Quantifiable outcome

• Social Security overpayment investigation led to Congressional hearing, SSA policy changes including extended repayment periods and shifted burden of proof to the agency
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Gray Television: Operates ~180 TV stations in 113 markets, recently expanded into radio and digital. Competes head-to-head with CMG in regional TV advertising and has a similar multi-market local-broadcaster profile.
• Sinclair Broadcast Group: Owns/operates ~180 local TV stations and is a major producer of local news content. Competes directly with CMG's TV brands in overlapping markets and similarly operates under a leveraged PE-influenced structure.
• Audacy: Operates 220+ radio stations and the leading US podcast platform. Competes with CMG in local radio advertising and in digital audio, particularly for sports and talk formats.
• Townsquare Media: Owns 320+ radio stations and 400+ local websites in small/mid-size US markets. Competes with CMG in local radio advertising with a similar local-market digital extension strategy.
• Nexstar Media Group: Largest US owner of local TV stations, operating roughly 200+ stations across more than 100 markets. Direct competitor to CMG in local broadcast TV advertising and the most direct comparable on scale and strategy.
• E.W. Scripps Company: Owns 61 TV stations in 41 markets and operates a national news network (Scripps News). Local-TV advertising competitor to CMG with overlapping market coverage in the Midwest and Southeast.
• Cumulus Media: Second-largest US radio broadcaster with ~400 stations. Competes directly with CMG Radio in local spot advertising, format mix, and audio streaming.
• IHeartMedia: Largest US radio operator with 860+ stations plus a leading digital audio and podcasting platform. Directly comparable to CMG's 45-station radio portfolio and competes in the same local radio ad market.
• Tegna: Owns 64 TV stations in 51 US markets plus digital marketing services (Premion). Direct local-TV competitor to CMG with an integrated digital advertising arm, closely paralleling CMG's TV + Local Solutions model.
• Hearst Television: Privately held operator of 33 TV stations and a major producer of local news. Competes with CMG in major US markets (Boston, Pittsburgh, etc.) and serves similar advertiser and audience needs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/COXMG
• Facebookfacebook.com/CapitalMaharajaGroup
• LinkedInlinkedin.com/company/capital-maharaja-group
• Instagraminstagram.com/coxmediagroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Maharaja Group - CMG