Another one bites the dust; Commisso takes Mediacom private

Yet another cable operator has left the public company rolls. Mediacom Communications shareholders, at a private meeting, acceded to an offer by founder-CEO Rocco Commisso and will no longer be publicly traded.

"Our management team and fellow employees can now focus full time on delivering the best experience to our customers ... as we enter a new chapter in our history," Commisso said.

The company was private until 2000; now, 11 years later, it's moved back into the private shadows, joining, among others, Cox Communications.

For more:
- BusinessWeek has this story

Related articles:
Same old story: Mediacom profits up, basic subs down
Proxy advisors tell Mediacom shareholders to sell out

Suggested Articles

Comcast last Friday moved Turner Classic Movies to its Sports Entertainment add-on package, a move that angered several subscribers.

With the streaming wars intensifying, the “aggregation wars” are poised for greater activity as well: everyone wants a piece of this pie.

Comcast/NBCUniversal is reportedly shifting around its management team ahead of the company’s high-profile launch of Peacock.