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In 2004, Cox Enterprises announced its intention to purchase those shares of Cox Communications which it did not already own. A $6.6 billion tender offer was completed in December of that year, and Cox Communications has been a wholly owned subsidiary ever since. [30] This was the second time Cox Communications was taken private by Cox Enterprises.
Cox Enterprises, Inc. is an American privately held global conglomerate headquartered in Atlanta, Georgia, United States, with approximately 55,000 employees and $21 billion in total revenue. Its major operating subsidiaries are Cox Media Group, Cox Communications, and Cox Automotive.
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Cox Media Group owns, operates or provides sales and marketing services to 50 stations in 10 markets. This radio portfolio includes nine AM stations and forty-one FM stations. [38] Cox Radio became a public company, majority owned by Cox Enterprises, in 1996. Around April 2009, Cox Enterprises proposed a US$69-million takeover offer of Cox Radio.
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