A WARNING TO COX MEDIA EMPLOYEES

Things that make you go “Hmmmmmm…”

“Apollo [Global Management – the prospective new majority owner of Cox Media] paid bonuses Dec 2018. Their insurance asset management subsidiary, Athene Asset management hasn’t been paid yet but are considered Apollo employees.”

Which is weird because Athene was pretty sure that their munificent owner would pony up soon:

“Athene Asset Mgmt employees thought they would have numbers communicated in January because they are part of Apollo but still haven’t received them or any timing on when they might be communicated.”

Especially since the folks at Apollo seem to have gotten PAAAAAAID:

“No one at Apollo seemed upset, so numbers seemed good.”

The fists appear to be pretty tight with the subsidiaries.

You’ve been warned.

More News from Friday, March 1, 2019