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Aug. 23—This week, Cox Enterprises is celebrating its 125th anniversary. It was founded with the purchase of the Dayton Evening News by James M. Cox in 1898 and since has expanded far beyond its ...
In 1988 then-Executive Vice President Jim Kennedy, grandson of Governor Cox, was promoted to CEO and chairman of Cox Enterprises. [7] In 1986, Cox Enterprises launched a new subsidiary Cox Video, which lined up eleven commitments for original video programs, four of them came from Media Home Entertainment, which are comedy-based tapes and seven ...
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.
In late 2010, Cox Enterprises merged all of its local media holdings under the CMG Ohio brand and consolidated locations to the Cox Media Group Ohio Media Center in Dayton. In addition to its print publications, holdings include broadcast media WHIO-TV, MeTV WHIO Classic Television and radio stations WHIO (AM)-FM, K99.1FM WHKO, and WZLR The Eagle.
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. [41] 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.
Media and advertising firm Cox Enterprises had taken a minority stake in Axios in November 2021. The $525 million deal price is about five times Axios’s projected 2022 revenue of more than $100
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