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

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.