Cox Media Group owns, operates or provides sales and marketing services to 86 stations in 20 markets. This radio portfolio includes 71 FM stations and 15 AM stations.
Through its syndication division, it also produces the Neal Boortz and Clark Howard programs, including one hour of Boortz that is exclusive to Cox-owned stations. Syndication of these shows to non-Cox-owned stations is handled by Dial Global Radio Networks.
Cox Radio became a public company, majority owned by Cox Enterprises, in 1996. Around April 2009, Cox Enterprises proposed a $69 million United States dollar takeover offer of Cox Radio. The offer expired on May 1, 2009. The offer was later raised to $4.80 a share, and the expiration was pushed to May 13. The offer was accepted, and the acquisition was completed on June 1.
In August 2009, Cox Enterprises realigned its radio, television, newspaper/publishing, and digital assets into the same division, calling it Cox Media Group. Under the new structure, while the local brands remain independent, they share resources and some management. Dayton, Ohio was considered the prototype for the media group, where radio, television, newspaper, and direct mail were all in the same market and were combined into a new building. In other markets where the facilities aren't as close together, they do share some senior management; for example Houston & San Antonio Radio and the Austin American-Statesman newspaper all fall under the same regional vice president. In addition to the radio/TV stations and newspapers, Cox Media Group encompasses Cox Digital Solutions (digital sales for both Cox and non-Cox online and mobile properties), Cox Reps (national TV sales for station groups such as Gray and Gannett), Kudzu.com, Savings.com, and Valpak direct mail.
In July, 2012 CMG announced its intention to sell its radio stations in smaller markets: Birmingham, Greenville, Hawaii, Louisville, Richmond, and Southern Connecticut. It also intends to spin off its smaller market TV stations in El Paso, Johnstown, Reno, and Steubenville. The company intends to concentrate on major markets and smaller markets where it can closely align radio/TV with print and digital. Potential buyers for the properties have not been announced yet.