Lawsuit Claims Private Equity Giant and 21st Century Fox Schemed to Strip ‘American Idol’ Producer
201612.13
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Lawsuit Claims Private Equity Giant and 21st Century Fox Schemed to Strip ‘American Idol’ Producer

[By Eriq Gardner]¬†Having allegedly made a bad $510 million bet on the competition singing show, Apollo Global Management allegedly orchestrated a complex transaction that left Core Media’s lenders holding the bag. Five years ago, American Idol was king of the television landscape, a seemingly invincible ratings-winner when Apollo Global Management, one of the world’s biggest…