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The Biggest Cable Company You Forgot Was Family-Owned
For 60 years Cox stayed private, poured billions into cable, and let louder rivals grab the headlines. Then it agreed to a $34.5 billion merger that puts its name on the country's largest broadband network.
Cox Enterprises
Cox Enterprises is a privately held, family-owned conglomerate based in Atlanta, Georgia, that traces its roots to a single Ohio newspaper bought by James M. Cox in 1898. Over more than a century it grew into a roughly $23 billion-a-year business spanning broadband and cable (Cox Communications), automotive services and marketplaces (Cox Automotive, which owns Autotrader, Kelley Blue Book and Manheim), and media (Cox Media Group and Axios). Still controlled by the Cox family and led by fourth-generation CEO Alex Taylor, the company reinvests its cash into new bets such as greenhouse agriculture, advanced plastics recycling and healthcare, while pursuing an aggressive Cox Conserves goal to be carbon and water neutral by 2034.