Latest news with #CoxFamily
Yahoo
17-05-2025
- Business
- Yahoo
Charter Communications buys Cox for $21.9 billion, a mega merger in the cable industry
plans to buy Cox Communications for $21.9 billion. The deal will create a major player in the cable and broadband industries, competing with Comcast. It comes as cable operators see subscriptions diminish in both areas. Charter Communications has struck a deal to buy Cox Communications for $21.9 billion, which will bring together two of the biggest cable and broadband companies in the U.S. The new entity will be called Cox Communications, but consumers will know it as Spectrum. The companies say they expect to see $500 million in annual cost savings with the merger. It's a notable changing of the guard at Cox, which is the longest continuous operator in the industry. The Cox family purchased its first cable television franchise in 1962. At the deal's conclusion, Cox will own 23% of the combined company. 'We're honored that the Cox family has entrusted us with its impressive legacy and are excited by the opportunity to benefit from the terrific operating history and community leadership of Cox,' Chris Winfrey, president and CEO of Charter, said in a statement. The merger comes as cable operators see subscriptions diminish and broadband customers explore other options. Charter lost 60,000 internet customers in the most recent quarter. The deal with Cox will give Charter an expanded footprint in the South as well as parts of Southern California. That could prove beneficial after Trump halted, at least temporarily, the rollout of the Biden administration's $42.5 billion broadband-construction program. Cable and broadband companies have been seeing increased competition on all fronts. Cell carriers are offering broadband service of their own and 5G cellular service is as fast as broadband offerings in some cities. In addition, consumers have moved to streaming services, which have aggressively chased customers with lower prices for the past several years. Live sports have kept many cable subscribers from cancelling their subscriptions, but leagues are increasingly exploring distribution options with those services. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16-05-2025
- Business
- Bloomberg
Charter Agrees to Combine With Cox in $34.5 Billion Deal
Charter Communications Inc. has agreed to combine with Cox Communications in a cash-and-stock deal valued at about $34.5 billion including debt. The combined company would be the top broadband operator in the US, increasing Charter's subscriber base by more than 20%, and would position them to better compete in a converging market. The Cox family will be the largest shareholder in the combined company, with a stake of about 23%, and will have seats on the board, with the company's name changing to Cox Communications within a year of closing. Craig Moffet, Senior Research Analyst at Moffettnathonson breaks down what this means for the broadban giants (Source: Bloomberg)
Bloomberg
16-05-2025
- Business
- Bloomberg
Charter Agrees to Combine With Cox in $34.5 Billion Cable Deal
Charter Communications Inc. has agreed to combine with privately held Cox Communications in a deal that would unite two of the biggest US cable providers. The transaction will value Cox at about $34.5 billion including debt, according to a statement Friday that confirmed an earlier Bloomberg News report. The Cox family will be the largest shareholder in the combined company with a stake of about 23% and will have seats on the board.
Yahoo
16-05-2025
- Business
- Yahoo
Charter Is in Talks to Combine with Rival Cox Communications
(Bloomberg) -- Charter Communications Inc. is in advanced talks to combine with privately held Cox Communications in a deal that would unite two of the biggest US cable providers, people familiar with the matter said. As Coastline Erodes, One California City Considers 'Retreat Now' How a Highway Became San Francisco's Newest Park Maryland's Credit Rating Gets Downgraded as Governor Blames Trump Power-Hungry Data Centers Are Warming Homes in the Nordics NYC Commuters Brace for Chaos as NJ Transit Strike Looms The companies are discussing a cash and stock transaction that would value Cox at more than $30 billion including debt, according to the people. The Cox family would be the largest shareholder in the combined company with a stake of about 20% and would hold seats on its board, they said. A deal could be announced within days, the people said, asking not to be identified because the information is confidential. Terms are still being ironed out and talks could be delayed or falter, they said. Charter shares closed at $419.57 in New York on Thursday, giving the company a market value of roughly $66 billion. Representatives for Stamford, Connecticut-based Charter and Atlanta-based Cox couldn't be immediately reached outside of regular business hours. A deal would rank as one of the largest of the year and come at a time when cable companies are facing increasing competition from wireless providers such as AT&T Inc. and T-Mobile US Inc., which are luring away their broadband customers with their own internet offerings. At the same time, streaming companies such as Netflix Inc. have upended the traditional business of pay-TV. In November, Liberty Media Chairman John Malone helped fuel M&A expectations involving Charter when he said the company should be allowed to merge with a media or telecom rival to stay competitive. Speaking at Liberty Media's investor day in New York, he named Cox among a number of possible merger candidates. Charter and Cox previously discussed a potential deal more than a decade ago. Turf Wars Cable and phone companies have been engaged in an intense turf war, seeking to win over customers in areas that others have dominated. Cable providers have been selling their own mobile phone plans by leasing network access from major carriers. At the same time, phone carriers have been poaching home internet subscribers from cable companies. The bet is that customers will in the future prefer to buy their internet and mobile phone services from the same provider — a trend referred to as convergence. A combination of Charter and Cox would position them to better compete in that environment by allowing them to bundle offerings and more efficiently invest in infrastructure. For Cox, which has been viewed as a perennial takeover target, a tie-up with Charter would end more than 70 years of outright ownership by the Cox family. Cox Communications is the main division of Cox Enterprises, a conglomerate founded around the time of the Spanish-American War more than a century ago. The Cox family entered the cable business in the 1960s and has grown Cox Communications into the largest private broadband company in America, offering internet to almost 7 million customers. The company's systems and regional footprint are expected to complement those of Charter, increasing the chances of a deal passing muster with regulators. Operating under the Spectrum brand, Charter is the top cable TV company and the second-biggest broadband provider in the US, according to data from Bloomberg Intelligence. It had more than 12 million video subscribers and about 30 million internet customers as of the end of March, earnings show. Last year, Charter agreed to buy Liberty Broadband Corp. in an all-stock transaction. That deal consolidated two public companies in which cable billionaire Malone held significant interests. Malone remains chairman of Liberty Broadband. Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race Microsoft's CEO on How AI Will Remake Every Company, Including His As Nuclear Power Makes a Comeback, South Korea Emerges a Winner Why Obesity Drugs Are Getting Cheaper — and Also More Expensive ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
30-04-2025
- Yahoo
7 free family-friendly things to do in Hamilton County parks this May
Weary of paying top dollar for mid outdoor adventures involving high strung ropes, wet slides and thick tires? With four large suburbs and an expansive network of county parks there's no shortage of free recreational activities in Hamilton County as summer nears. Here are some of the best family activities in May: A little-known bucolic gem in the suburb known for its high-tech entrepreneurship is this corner of fauna and flora on the East Side. The 33-acre urban farm at 11171 Florida Road opens its 5th season Thursday, May 1. The park has rows of planted produce such as tomatoes, squash, lettuce and sweet corn that are free for the picking, gardens, a playground, nature trail and nurseries. Patrons can also get close to animals in the livestock area, petting or feeding a horse, cattle, sheep chicken, goats and the resident pig, Otis. The farm this year added indoor restrooms and classroom and programming space. For more information call 317-595-3150 or visit The 125-acre county park in West Carmel offers much to explore at 11677 Towne Road. Visitors are welcomed by the Centerpiece, two 90-foot-high bell towers, a gazebo, fountain and tiered lawn seating. A trail winds around a recreational lake and leads to an arboretum, woods and garden, as well as a children's garden with village stores, a sun-dial, tiki huts and peek-a-boo hills. On May 24, the restored Williams House will open to the public for its free inaugural tour at 1 p.m. The two-story 1865 Italianate brick home has its original flooring in the kitchen, where a staircase leads to three bedrooms in their original layout on the second floor. On May 21, a tour of Coxhall Mansion will start at 4 pm. The tour will provide information about the Cox Family legacy, the park's namesake, the stately mansion, its grounds and the family's ties to Hamilton County. Fishers has several nature parks and within them, creeks, which can only mean one thing: creek stomping. The activity is as simple as it sounds — a chance to wade into the shallow water and explore what lurks below, or above: small fish, large birds, frogs, dragonflies, turtles and dragonflies. Skip rocks, build a dam. The four best spots in Fishers are: Flat Fork Creek Park,16141 E 101st St. Cheeney Creek Natural Area, 11030 Fishers Pointe Blvd. Cumberland Park, 10580 Cumberland Road Brooks School Park, 1180 Brooks School Road The City of Carmel will host its first-ever Cherry Blossom Festival on Sunday, May 4 at 1 p.m. The festival will be held at the Japanese Garden on the grounds of Carmel City Hall and is a celebration of Carmel's sister city, Kawachinagano, Japan, and Japanese culture. Visitors will get the opportunity to dabble in traditional Japanese arts such as calligraphy and try on garb like kimonos and yukata. Violinist Yuri Horiuchi will be among those performing music, dance and martial arts. Unfortunately the Cherry Blossoms will not be in bloom and the garden is undergoing an expansion — but pictures of the finished work will be available. Free parking is available in the following locations: Civic Square Garage, 50 Red Truck Road Veterans Way Garage at Carmel City Center, 100 City Center Drive The Center Public Parking at Allied Solutions Center for the Performing Arts, 819 3rd Ave. SW. Proscenium Garage, 1225 Veterans Way Peony Palooza takes over Noblesville on May 17 as the city celebrates the sweetly-scented large blooming state flower. The Indiana Peony Festival kicks off in Seminary Park, which will be alive with peonies, music, merchandise and plants for sale. More than 150 stores and other locations along the Peony Trail throughout downtown Noblesville will feature cut flowers, bouquets, plants, clothes and decor. This will be the festival's fifth anniversary. The Indiana general designated Peony as state flower in 1957. The festival drew 50,000 visitors to Noblesville last year. The Carmel-Clay Parks and Recreation Department gives children a chance to get their hands wet while communing with nature. The department celebrated Arbor Day 2025 by planting 100 native trees at West Park, 2700 W. 116th St. and is now seeking volunteers to water them. The free event is May 7 from 3:00 until 4:30 p.m. To sign up visit On May 11 participants of all ages and skill levels are invited to a free fishing day hosted by the Indiana Department of Natural Resources at Meadowlark Park, 450 Meadow Lane, at the East Shelter. Instructors will show participants how to tie knots, cast and reel in their catches and all supplies will be provided by DNR from 10:00 a.m. until noon. Register online at Carmel Clay Parks and Recreation's website. Call IndyStar reporter John Tuohy at 317-444-6418. Email at and follow on X/Twitter and Facebook. This article originally appeared on Indianapolis Star: 7 free family-friendly things to do in Hamilton County parks this May
