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Company considers sale of four cable operations

Tuesday, March 8, 2005 | 10:59 a.m.

ATLANTA -- Cox Communications Inc. said Monday that it is exploring a sale of four cable operations serving about 900,000 subscribers.

The proposal is one of several options being considered to reduce debt and accelerate growth, as well as to offer new products and services for remaining cable operations with about 5.4 million customers, the company said.

Systems under consideration for sale include West Texas, serving the Lubbock, Midland, Amarillo, San Angelo and Abilene areas; North Carolina, serving the Greenville, Rocky Mount, New Bern and Kinston areas; Humboldt County, Calif.; and much of Middle America Cox.

MAC is primarily comprised of operations in Texas, Louisiana and Arkansas and also includes certain systems in Oklahoma, Mississippi and Missouri. Excluded from the potential sale are some operations serving the northwest Arkansas and Lafayette, Louisiana areas.

Cox Communications is a wholly owned subsidiary of Cox Enterprises Inc., which also owns broadcasting outlets and publishes newspapers.

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