May 3, 1985
The firm said Texas Commerce Bank National Assn. and 15 other banks will provide loans of up to $1.5 billion to finance the company's acquisition of shares of Cox Communications to take the latter private. Cox Enterprises, the Atlanta-based publisher of the Atlanta Journal, the Atlanta Constitution and other newspapers, is offering $75 per share for the 59.3% of Cox Communications stock not already owned by Cox Enterprises or members of the Cox family. The tender offer expires May 9.
April 9, 1985 |
The Cox family announced Monday a $1.3-billion tender offer for the 54.6% of Cox Communications it doesn't already own. Cox Enterprises would pay $75 a share, said Garner Anthony, its chairman and chief executive. Cox Enterprises is a group newspaper owner that is privately owned by Barbara Cox Anthony of Honolulu and Anne Cox Chambers of Atlanta. The offer is effective Friday, Anthony said. Cox Enterprises owns or controls 40.2% of the 28.2 million outstanding shares of Cox Communications.
August 3, 2004 |
A nearly $8-billion offer by Cox Enterprises Inc. to take its cable television business private gave a lift to industry stocks Monday after months of steady decline. The family-owned media company already controls 62% of the publicly traded shares of Cox Communications Inc., the nation's fourth-largest cable television provider, which serves some 6.3 million cable subscribers nationwide and about 800,000 in Southern California.
October 15, 1988 |
The Miami News, an afternoon newspaper that has won five Pulitzer prizes, will be closed by the end of the year if no buyer can be found, parent company Cox Enterprises said Friday. "The facts concerning the condition of the News are clear," said Miami News Publisher David Kraslow. "We have given this community our best as professionals. The News is a good newspaper with a rich and proud tradition.
June 10, 1999 |
The Internet unit of media company Cox Enterprises Inc. said Wednesday that it will invest $45 million in MP3.com, giving a boost to the online music start-up's plans to be a major player in the future of digital music. Cox Interactive Media Inc. also said it will form a joint venture with MP3.com, which features tens of thousands of songs that can be downloaded to a personal computer's hard drive.