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Apollo reportedly pursuing deal with Tegna

Apollo Global Management is reportedly not giving up on the idea of acquiring or merging with Tegna, which has experienced a 38% rise in share price in 2019, despite the broadcasting firm's dismissal of Apollo's purchase offer earlier this year. Insiders say Apollo aims to establish itself as one of the country's largest local TV groups by merging Tegna assets with those it acquired when it purchased the majority share in Cox Media Group.

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