COX SIGNS DEFINITIVE AGREEMENT TO SELL BULLHEAD CITY SYSTEM TO NEWS-PRESS & GAZETTE.ATLANTA--(BUSINESS WIRE)--May 16, 1995--Cox Communications, Inc., today announced the signing of a definitive agreement to sell its cable television system in Bullhead bullhead, common name for several species of fish. See catfish; sculpin. bullhead Any of several species of North American freshwater catfish in the genus Ictalurus, valued as food and sport fishes. Bullheads are related to the channel catfish (I. City, AZ, to News-Press & Gazette Company for $20 million. Closing of the transaction is expected late in the third quarter of this year, pending legal and regulatory approvals. The system, operating under the name Dimension Cable Services, serves approximately 13,000 customers in Bullhead City and parts of Mojave County, AZ. Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. acquired the system in February 1995 as part of its merger with the Times Mirror Company. In making the announcement, Jimmy Hayes For other persons of the same name, see James Hayes. James Allison "Jimmy" Hayes (born December 21, 1946) is a Republican politician from the state of Louisiana. , Senior Vice President of Finance and Chief Financial Officer, said, "This transaction is consistent with our decision to sell certain non-strategic assets and helps position the company financially to take advantage of future opportunities in the telecommunications industry." "The sale of the Bullhead City system is expected to have minimal impact on employees and customers. We expect it to be business as usual," said Hank hank n. 1. A coil or loop. 2. Nautical A ring on a stay attached to the head of a jib or staysail. 3. A looped bundle, as of yarn. Bradley, Chairman of the News-Press & Gazette Company. "We're very pleased to be adding this well-managed system to our Arizona operation, and look forward to serving the customers of Bullhead City and Mojave County." News-Press & Gazette Company, headquartered in St. Joseph, MO, owns five cable systems in Arizona, one in California, and several in Missouri, representing a total of 73,000 basic customers. Cox Communications, Inc., (NYSE NYSE See: New York Stock Exchange :COX) is the nation's fourth largest multiple system operator, serving some 3.2 million customers. Cox is a fully integrated, diversified broadband communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. with interests in domestic and international cable distribution systems, programming, and telecommunications technology. CONTACT: Cox Communications, Inc., Atlanta Ellen East, 404/843-5854 (media) Dallas Clement Clement, in the Bible Clement, in Philippians, one of Paul's coworkers. He is traditionally identified with St. Clement of Rome, the likely author of a letter written from there to the Corinthian church in c.A.D. 96. , 404/843-5677 (investors and analysts) |
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