MediaCom
 |
|
| Private | |
| Industry | Telecommunications |
| Founded | July 1995 |
| Founder | Rocco B. Commisso |
| Headquarters | Blooming Grove, New York |
|
Area served
|
Primarily Midwest, Southeastern United States |
|
Key people
|
Rocco B. Commisso (Chairman, CEO, majority shareholder) |
| Products | Cable television, Broadband Internet access, Cable telephony |
| Revenue |
 $1.460 billion (2009):37
|
|
$299.761 million (2009):37
|
|
|
$744.067 million (2009):37
|
|
| Total assets |
$3.977 billion (2009):37
|
| Total equity |
$268.028 million (2009):37
|
| Owner | Rocco B. Commisso (87.2% vote):32 |
|
Number of employees
|
4,500 (2009) |
| Subsidiaries | Mediacom LLC Mediacom Broadband LLC:26 |
| Website | www.mediacomcable.com |
Mediacom is a cable television and communications provider in the United States. Founded in 1995 by Rocco B. Commisso, it serves primarily smaller markets in the Midwest and Southern United States. Formerly a publicly traded firm, it went private in a $600 million transaction in March 2011 and is, as of 2011, owned by Commisso.
Mediacom offers service in 23 states. About 55% of Mediacom's subscription base is in the 60th through 100th ranked television markets. It is the largest cable company in Iowa and second largest in Illinois.
Examples of cities with Mediacom service include Albany, Columbus, Tifton and Valdosta in Georgia; Iowa City, Cedar Rapids and Des Moines in Iowa; Columbia, Jefferson City and Springfield in Missouri and the Quad Cities on the Iowa/Illinois border. Mediacom also serves outlying areas on the Florida Gulf Coast and around Minneapolis, Minnesota.:7
In reporting its results for the fourth quarter and full year 2016, Mediacom describes itself as the 5th largest U.S. cable company, with 1,352,000 customer relationships at the end of 2016. In February 2017, Multichannel News reported that Mediacom was the 9th largest multichannel video programming distributor in the U.S. with 828,000 video customers. Of 2,800,000 "homes passed" (places where Mediacom service can be ordered), 44% of have subscribed to basic cable with Mediacom, and 27.8% have subscribed to Mediacom Internet service. Of homes with basic cable, 54.8% also have "digital cable" service. Counting basic cable, digital cable, high-speed data, and cable telephony as separate revenue, Mediacom had 2,981,000 revenue generating units (RGUs) at the end of 2009.:6 52% of customers had at least two of video, Internet, and phone from Mediacom, and 18% had all three; over the previous five years, video decreased from 80% of Mediacom's revenue to 64%.:7
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Wikipedia