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This is not good news for the Apollo/Cox stations.

It seems that investors and shareholders are growing more and more concerned over the relationship that Apollo head Leon Black had with convicted sex offender Jeffery Epstein.

Bloomberg reports that clients who for years enjoyed some of the best returns on Wall Street are reconsidering their ties to Apollo amid renewed scrutiny over Epstein, spurred by a New York Times report earlier this month and given fresh attention from an unsealed deposition of Epstein associate Ghislaine Maxwell.

They report that a Pennsylvania pension fund paused new investments -- and the state of Connecticut has done the same. One major consultant -- a gatekeeper to $160 billion of investor commitments -- has urged clients to hold off, and another is considering taking similar action.

A freeze in new money could hurt Apollo at a time when it’s trying to raise $20 billion for several new funds.

This could signal some rocky times ahead for the Cox/Apollo stations.

Stay tuned…