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CNN’s Internal Monologue & Apollo’s CBS Play

The Powers That Be: Daily

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Apollo Global Management's Interest in Acquiring Redstone Assets

The hosts discuss Apollo Global Management's potential interest in acquiring CBS and other television channels from Redstone assets. They explore the reasons why Apollo might be interested, including their success in rehabilitating companies and ownership of local television stations. The chapter also delves into the financial situation of CBS, challenges for the new owner in refinancing the debt, and the potential involvement of Larry Ellison in preventing debt downgrades.

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