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Cox Enterprises

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Cox Enterprises, Inc.
Company typePrivate
IndustryTelecommunications, Automotive, Mass media
Founded1898 in Dayton, Ohio
FounderJames M. Cox
Headquarters
Atlanta, Georgia
Area served
United States
Key people
James C. Kennedy, Chairman
John Dyer, President and CEO
ProductsCable networks, TV stations, radio, newspapers, printing, telecommunications, advertising, online properties
RevenueUS$ 18 billion
OwnerCox family 99% (Anne Cox Chambers, James C. Kennedy, Blair Parry-Okeden)[1][2]
Number of employees
55,000
SubsidiariesCox Communications
Cox Media Group
Cox Automotive
Websitewww.coxenterprises.com
Cox Headquarters' "Central Park" in Atlanta, Georgia includes the company's buildings and leased spaces.

Cox Enterprises, Inc. is a privately held American conglomerate based in Atlanta, Georgia. Cox is also a leading communications and automotive services company. Cox Enterprises is currently headed by the daughter of founder James Cox, Anne Cox Chambers, and the two children of her late sister Barbara Cox. Its chairman is Barbara Cox's son, James C. Kennedy. Four generations of Cox family members serve on the company's board of directors[3] The family and company were highlighted in a 2015 Forbes article called "This Billionaire Knows the Secret to Saving a Family Business"[4]

The company owns newspapers, television stations, radio stations, Cox Communications, Manheim Auctions, Autotrader, Kelley Blue Book, Savings.com and Valpak.[5] Cox is bringing Techstars, a startup accelerator, to Atlanta to boost startups and entrepreneurs.

The company gave more than $92 million in community support in 2014 through cash and in-kind contributions.[6]

History

The company was founded in Dayton, Ohio, by James M. Cox who purchased the Dayton Daily News in 1898. Cox later became the Democratic candidate for the president of the United States in the presidential election of 1920, running unsuccessfully on a ticket that included Franklin D. Roosevelt as the vice-presidential candidate.

Major subsidiaries

Cox Communications

Cox Communications is a broadband communications and entertainment company. The company also provides home security and automation, commercial telecommunications and advertising solutions.

Cox Communications formed an alliance with the Cleveland Clinic to take Healthcare to the home in February 2015. The company has also been deploying residential gigabit internet service

Cox Media Group

Cox Media Group operates broadcast television and radio stations, runs metro newspapers and more than a dozen non-daily publications, and has more than 100 digital services. Cox Media Group owns and operates Savings.com and Valpak.

Cox Media Group is also involved in automated and programmatic sales through Videa.

Cox Automotive

Cox Automotive is a provider of vehicle remarketing services and digital marketing and software solutions for automotive dealers and consumers. Cox Automotive includes Manheim, Dealer-Auction Ltd, Autotrader, Kelley Blue Book, vAuto, HomeNet Automotive,[7] NextGear Capital, Xtime, and a host of global businesses and brands serving auto dealers, manufacturers and financial institutions.

In June 2015, Cox Automotive announced the biggest vendor acquisition in the history of auto retailing by agreeing to pay $4 billion in cash for dealer software giant Dealertrack Technologies Inc.[8] The acquisition closed in October 2015.[9]

References

  1. ^ "Cox Enterprises Inc. Financial Statements". Institute of Media and Communications Policy. September 17, 2012.
  2. ^ http://www.bloomberg.com/news/articles/2015-11-20/three-new-cox-billionaires-minted-as-matriarch-gives-away-wealth
  3. ^ "Cox Enterprises Elects Alex Taylor and Jamie Kennedy to Board of Directors - Apr 22, 2014". Coxenterprises.mediaroom.com. April 22, 2014. Retrieved November 7, 2015.
  4. ^ "This Billionaire Knows The Secret To Saving A Family Business". Forbes.com. Retrieved November 7, 2015.
  5. ^ George, Anya (June 15, 2015). "Cox Automotive to buy Dealertrack in $4 billion deal". Reuters. Retrieved November 7, 2015.
  6. ^ "COX". Coxcsrreport.com. Retrieved November 7, 2015.
  7. ^ "HomeNet Automotive | Online vehicle marketing solutions for automobile dealerships". Homenetauto.com. Retrieved November 7, 2015.
  8. ^ "Cox goes bold with giant Dealertrack deal". Autonews.com. June 22, 2015. Retrieved November 7, 2015.
  9. ^ "Cox Automotive Opening New Doors to Clients, Team Members and Auto Industry with Completion of Acquisition of Dealertrack | Cox Automotive". Coxautoinc.com. Retrieved November 7, 2015.
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