Cox Enterprises (US)
Cox Enterprises is one of America's leading media groups, with interests in a range of sectors including broadcast TV, telecoms and automotive sales & services. Its biggest and best-known business is Cox Communications, now the country's #3 cable TV provider behind Comcast and Charter, with around 6m subscribers and revenues of $10.5bn in 2015. Separate division Cox Media Group controls a collection of TV and radio stations as well as newspapers, other print media and coupons marketer Valpak. Cox Automotive comprises a range of business information services and solutions for the automotive industry as well as wholesaler Manheim, and consumer services AutoTrader, Kelley Blue Book and CarsGuide. Combined sales for the family owned group were $18.1bn in 2015. Group chairman and former CEO James Kennedy is the grandson of James M Cox who founded the business in 1898 as a newspaper publisher, before moving into radio in the 1930s and later TV and cable. John Dyer is current CEO. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
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Capsule checked 27th July 2016
Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 28th Nov 2013: Consolidation within the US cable market looks virtually certain, with Comcast, Cox and Charter Communications - respectively the #1, #3 and #4 by subscribers - all actively weighing up a bid for #2 player Time Warner Cable. Charter appears to be the likeliest buyer, and is said to be lining up $25bn in debt financing for a deal. However such a mountain of debt would weigh heavily on future profitability, and buyer interest has already pushed TWC's market cap to well above that level, to $38bn by midweek, almost three times Charter's own valuation. So the smaller company might opt to pursue a break-up bid in partnership with Comcast, which is keen to fill strategic gaps in its own national coverage. A straight combination of Comcast and TWC would almost certainly be blocked by regulators. However, Charter might offer to surrender TWC's valuable footprint in New York to Comcast, which has no direct presence in Manhattan but serves neighbouring New Jersey and Connecticut. Family-controlled Cox has entered the fray late, and is being seen as a potential white knight to help TWC fend off the other two companies' advances.
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