Sale to net Cox $3 bil

Funds to help pay for Cox's $11 bil spate of acquisitions

Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history.

The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media General and Gannett. The company has spent about $11 billion on recent deals as it looks to grow in a rapidly consolidating industry.

Merrill Lynch and Morgan Stanley Dean Witter led the sale.

Separately, Cox and Nielsen Media announced a three-year agreement for Nielsen to provide local cable audience measurement services in 18 of Cox’s local markets across the country.

Also, Cox Interactive Media, a sister company of Cox Communications, said Wednesday it upped Paul Dubsky to director of business operations. Both companies are owned by Cox Enterprises Inc. of Atlanta.

More Biz

  • Sirius Logo

    SiriusXM Responds to Artists’ Letter Threatening Boycott

    Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history. The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media […]

  • Joe Ianniello

    CBS CEO Ianniello: Workplace Culture is 'A Personal Commitment of Mine'

    Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history. The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media […]

  • Josh Roth dead

    UTA Fine Arts Head Josh Roth Dies at 40

    Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history. The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media […]

  • IMAGE DISTRIBUTED FOR PARKWOOD ENTERTAINMENT -

    Beyonce to Perform at City of Hope Gala

    Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history. The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media […]

  • This, photo shows the 21st Century

    Viet Dinh Named Chief Legal and Policy Officer for 21st Century Fox Post-Disney Sale

    Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history. The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media […]

  • Spotify logo is presented on a

    Spotify to Launch in Middle East and North Africa in November (Report)

    Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history. The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media […]

  • LG UltraWide

    Why It’s Time for UltraWide

    Cox Communications Inc. said Wednesday it will receive gross proceeds of about $3 billion from its sale of stock and notes, the largest public offering in the cable company’s history. The funds will help pay for Cox’s spate of acquisitions, including the purchase of TCA Cable as well as systems owned by AT&T Corp., Media […]

More From Our Brands

Access exclusive content