Mediacom
 |
|
| Type | Private |
|---|---|
| Industry | Telecommunications |
| Founded | July 1995[1] |
| Founders | Rocco B. Commisso[1] |
| Headquarters | Blooming Grove, New York, USA |
| Area served | Primarily Midwest, Southeastern United States |
| Key people | Rocco B. Commisso (Chairman, CEO, majority shareholder)[1] |
| Products | Cable television, Broadband Internet access, Cable telephony |
| Revenue |  $1.460 Billion (2009)[1]:37 |
| Operating income | $299.761 Million (2009)[1]:37 |
| Net income | $744.067 Million (2009)[1]:37 |
| Total assets | $3.977 Billion (2009)[1]:37 |
| Total equity | $268.028 Million (2009)[1]:37 |
| Owners | Rocco B. Commisso (87.2% vote)[1]:32 |
| Employees | 4,500 (2009)[1] |
| Subsidiaries | Mediacom LLC Mediacom Broadband LLC[1]:26 |
| Website | http://www.mediacomcable.com |
Mediacom is a cable television and communications provider in the United States. Founded in July 1995 by Rocco B. Commisso,[1] it serves primarily smaller markets in the Midwest and Southern United States. Formerly a publicly traded firm, it went private in a $600.0 million transaction in March 2011 and is, as of 2011, owned by CEO Rocco B. Commisso.[2]
Coverage[edit]
Mediacom has service in 22 states.[3] 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.[1]
Examples of cities with Mediacom service include Albany, Georgia, Columbus, Georgia, Tifton, Georgia, and Valdosta, Georgia; Iowa City, Iowa, Cedar Rapids, Iowa, and Des Moines, Iowa; the Quad Cities on the Iowa/Illinois border; Columbia, Missouri, Jefferson City, Missouri, and Springfield, Missouri. Mediacom also serves outlying areas on the Florida Gulf Coast and around Minneapolis, Minnesota.[1]:7
The Mediacom annual report describes Mediacom as the 8th largest cable company, with 1,238,000 basic subscribers at the end of 2009;[1]:5 the National Cable & Telecommunications Association ranks Mediacom as the 12th largest as of March 2010[update], with 1,234,000 subscribers.[4] 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.[1]: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 went from 80% of Mediacom's revenue to 64%.[1]:7
Sports[edit]
Mediacom broadcasts local sports programming on its Connections channel, MC22, along with a simulcast of ESPNEWS. The Big Ten Network is officially carried by Mediacom in Big Ten states as of August 30, 2008. Mediacom does carry the NFL Network as of 1 September 2011[update]. Mediacom does not carry NHL Network, MLB Network or NBA TV or Tennis Channel.
Reputation[edit]
In a survey conducted by Consumer Reports magazine in 2012, Mediacom is the worst cable provider in the country according to the 50,000 people polled.[5]
The February 2010 issue of Consumer Reports ranked Mediacom amongst the worst cable companies in the United States: 15th of 16 in TV service, 24th of 27 in Internet service, and last of 23 in phone service, based on surveys.[3][6] The deepening of this trend was affirmed in the June 2012 issue of Consumer Reports, in which Mediacom was identified as the worst-rated company in the United States regarding TV service, phone service and bundled telecom services, and third worst-rated in regards to satellite Internet service. [7]
References[edit]
- ^ a b c d e f g h i j k l m n o p q Mediacom Communications Corporation (2010-05-10). "Annual Report to Shareholders (ARS) and Form 10-K for the Fiscal Year ended December 31, 2009". Securities and Exchange Commission. Retrieved 2010-07-19.
- ^ "Mediacom Communications and Rocco B. Commisso Complete Going-Private Transaction". Middletown, New York: BusinessWire/Berkshire Hathaway. 2011-03-04. Retrieved 2011-09-11.
- ^ a b Smith, Will (2010-01-10). "Magazine pans Mediacom". The Hawk Eye (Burlington, Iowa). Retrieved 2010-07-19.
- ^ "Top 25 Multichannel Video Programming Distributors as of Mar. 2010". National Cable & Telecommunications Association. Retrieved 2010-07-19.
- ^ http://www.press-citizen.com/article/20120507/NEWS01/120507008/Consumer-Reports-survey-Mediacom-is-the-worst?odyssey=tab%7Ctopnews%7Ctext%7CFrontpage&nclick_check=1
- ^ Hicks, Lynn (2010-01-011). "Consumer Reports ranks Mediacom near bottom". Biz Buzz. Des Moines, Iowa: The Des Moines Register/Gannett. Retrieved 2010-07-19. Check date values in:
|date=(help) - ^ http://www.press-citizen.com/article/20120507/NEWS01/120507008/Consumer-Reports-survey-Mediacom-worst
