Revenues: $7.8 billion
Cox Enterprises, the closely held, family-owned group of television and radio stations, cable systems, a fast-growing interactive media unit and newspapers, reported $7.8 billion in revenues for 2000, up from $6 billion in 1999.
While Cox Broadcasting added a 16th TV station in Orlando, Fla., and wrestled with how to deal with the digital TV conundrum, most of the action was on the cable side. The No. 5 multisystem operator, with 6.2 million homes, Cox Communications is a well-regarded company and has been among the most active in rolling out new technologies, including telephony. But the company disappointed investors with a second-quarter earnings report that warned of slower subscriber growth of 1% this year.
Still, Cox was sticking by its full-year forecasts of 14%-16% growth overall.
“We had a solid second-quarter,” says Cox Communications CEO Jim Robbins.
The cable company is still on the move with plans to add video-on-demand service to a second market in Hampton Roads, Va., soon. Cox and Earthlink will team up in El Dorado, Ark., for Cox’s first test of an unaffiliated Internet Service Provider for its broadband Web service. Its exclusive deal with Excite@Home expires in December.