Cox Radio’s roots go back to James Cox, the man who ran for President of the United States on the Democratic Party ticket in 1920 with VP Candidate FDR, and lost. During the Depression, Mr Cox purchased WSB Radio and the Atlanta Constitution, which remain the core holdings of the company.
Cox Enterprises is privately owned and includes the Cox Cable TV services (and internet access), TV stations, Newspapers, and assorted other New Media companies. Cox has about 77,000 employees.
In 1996, Cox decided to spin off WSB into Cox Radio, which then did an IPO and began to acquire other radio stations, mostly in the Southern United States. While a portion of Cox Radio is traded on the New York Stock Exchange, the vast majority of the company remained in the control of Cox Enterprises, the overall holding company.
In 2008, the parent company decided it wanted Cox Radio to no longer be a publicly traded company and is currently in the process of buying back all of the remaining publicly traded stock at $4.80/share (the subject of recent lawsuits you may have read about if you follow the news).
Cox Radio currently owns 15 AM and 71 FM radio stations. It also is the company that produces the syndicated shows of Neal Boortz and Clark Howard.
The profile of Cox Radio can be read [here].
Nothing on these pages should be construed in any way as financial or investment advice.