What does cox communications own
Cox, the company is a family-owned business committed to its people, communities and the planet. We believe that taking bold action and staying true to our values enable us to create a thriving business. With fourth-generation family leadership, we invest for long-term growth within all our divisions. It provides advanced digital video, Internet, telephone and home security and automation services over its own nationwide IP network. As a privately owned company, Cox Enterprises restricts access to its detailed financial information.
Until incorporated as a single entity in , Cox Enterprises operated as an assortment of media businesses owned by the Cox family. A dizzying series of acquisitions, mergers, divestments, public offerings, rearrangements of operations, and new ventures in the s and s led Cox Enterprises to its position as a leading media conglomerate in the 21st century.
In , James M. Cox quickly became an influential newspaper publisher; in he bought the Springfield Press-Republic, also in Ohio, changed its name to the Springfield Daily News, and established a newspaper chain, which he called the News League of Ohio. He also entered politics; he represented Ohio's third district in Congress from to and was elected governor of Ohio in Cox was defeated when he ran for reelection in , but won in and , making him the state's first three-term governor.
In he was the Democratic Party's presidential candidate, with future-president Franklin D. Roosevelt as his running mate. He lost the election to Warren G. After the defeat and his completion of his gubernatorial term in , Cox returned to public life only once, when Roosevelt, by then president, appointed him a delegate to the World Monetary and Economic Conference in London.
Instead, Cox focused on his media business. In he sold the Canton paper and bought the Springfield Sun, in Ohio. The newspaper had been founded in and had gone through several owners; the radio station, which began broadcasting in , was the South's first. As with other newspapers he had acquired, Cox wanted the Atlanta paper to maintain its own style and personality.
In Cox acquired the Atlanta Constitution. The Atlanta Journal and the Atlanta Constitution began a combined Sunday edition while publishing separately during the week. James Cox died in at age His son, James M. Cox, Jr. The Coxes were among the first major broadcasters to enter cable television, acquiring a cable system in Lewistown, Pennsylvania, in In the Cox family established Cox Broadcasting Corporation to run the radio and television operations.
The broadcasting concern had its shares publicly traded on the New York Stock Exchange, but the family retained substantial ownership. In Cox Broadcasting added a business- and technical-publishing division; in it went into motion picture production.
In all the various Cox-owned newspapers were organized into Cox Enterprises, Inc. Another event was the company's entry into the automobile auction business, with the broadcasting group's purchase of auction facilities in Manheim, Pennsylvania; Bordentown, New Jersey; and Fredericksburg, Virginia.
New and used car dealers traditionally have used auto auctions to buy and sell from each other. During the s, banks with repossessed cars, car rental agencies, and fleet operators began to use auction facilities for sales.
The broadcasting group's operations expanded that year with the purchase of Tele-Systems, a California cable operation, and of auto auctions in Kansas City, Missouri, and Lakeland, Florida. An auction facility in High Point, North Carolina, was added in ; a cable system in Santa Barbara, California, and an auto auction in Pittsburgh came on in The following year brought the acquisition of TeleRep, a national television-advertising-sales representation firm, which sells time on client stations to national advertisers.
The firm eventually added a programming arm, Television Program Enterprises, to produce and sell syndicated programming, including Entertainment Tonight, Star Search, and Lifestyles of the Rich and Famous. An auto auction facility in Milwaukee, Wisconsin, also came into the company lineup in The presidential election of brought a break in James Cox, Jr. Cox, who had attended the Democratic convention with his father, decided in to endorse President Richard M.
Nixon for reelection over Senator George McGovern, and ordered all Cox Enterprises newspapers to do the same--the only time Cox ever became involved in the newspapers' editorial policies. Two editors resigned as a result. In the mids the Coxes' Atlanta newspapers switched from an anti-Carter to a pro-Carter stance, but management said the switch was not related to Chambers's support of Carter.
Also in , Cox Cable announced plans to merge with American Television and Communications Corporation, but the Justice Department sued to block the deal. The suit led the companies to call off the transaction early in ; both contended the merger would not violate federal antitrust law, but noted the litigation could delay the deal by several months.
James Cox, Jr. His sister Barbara Cox Anthony's husband, Garner Anthony, took over the primary direction of the family companies, and the expansion continued.
Its eyes on selling the largest parts of its weekly and daily newspapers, Cox Enterprises announced a significant change within its company structure in early December The remaining traditional media activities newspaper, TV and radio were combined under the roof of Cox Media Group. In the late s, the company began a phase of strategic re-orientation. Cox was involved in Primestar Inc.
The loss-making film stuido Ryshers was closed as early as , The rights to Ryshers' film and television library as well as the current productions were taken over by Paramount. Instead, the company diligently continued expanding and extending its cable systems.
Today, Cox Communications is one of the leading US-providers of digital telecommunication services via cable television. The media company's aim is to establish itself as a leading provider of digital service in the long term.
Cox Communication is especially concerned with supplying his 6 million customers cable television in packages bundled with broadband Internet-access, digital televisions and phone.
Although the rumour mill kept spouting out rumours claiming that Cox Communications would be up for sake, the Cox clan took an offensive stance in and took over the diversified holdings for 8,5 billion US-Dollars. That puts the most profitable part of the company once again into private control. Cox Radio remained the only public segment of the company, until the family decided to buy back this part of the company eventually. The re-privatization of Cox Communications left an ashen aftertase caused buy a case of insider trade against Garner Anthony, former chairman and husband of company founder's daughter Barbara Anthony Cox, initiated by the American stock market supervisory authority.
The court case ended in a settlement in without any admission of guilt and a fine of Unlike many listed media companies, the company that is still in the hands of the Cox family seems to navigate calm waters at the moment.
Especially the digital service and broadband-cable network segments ensure a stable growth rate. The year also saw a generational shift in the top floor office of Cox Enterprises. The automotive-information division was also extended in Cox died. Her son Jim Kennedy led the company from to The inheritance went to her daughter living in Australia, the children's book author Blair Parry-Okeden. The members of the Cox clan are regulars in the upper ranks of the Forbes lists. Hayes might not be a family member, but has been working in the company for 30 years.
Kennedy still sits in the board of the directors. The core business of Cox Enterprises are divided into three segments: Cable Network and telecommunications Several large cable television networks approx.
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