Mediacom

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Mediacom Communications Corporation
TypePrivate
IndustryTelecommunications
FoundedJuly 1995 (1995-07)[1]
FoundersRocco B. Commisso[1]
HeadquartersBlooming Grove, New York, USA
Area servedPrimarily Midwest, Southeastern United States
Key peopleRocco B. Commisso (Chairman, CEO, majority shareholder)[1]
ProductsCable television, Broadband Internet access, Cable telephony
RevenueIncrease$1.460 Billion (2009)[1]:37
Operating incomeIncrease$299.761 Million (2009)[1]:37
Net incomeIncrease$744.067 Million (2009)[1]:37
Total assetsIncrease$3.977 Billion (2009)[1]:37
Total equityIncrease$268.028 Million (2009)[1]:37
OwnersRocco B. Commisso (87.2% vote)[1]:32
Employees4,500 (2009)[1]
SubsidiariesMediacom LLC
Mediacom Broadband LLC[1]:26
Websitehttp://www.mediacomcable.com
 
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For the WPP Group company, see MediaCom.
Mediacom Communications Corporation
TypePrivate
IndustryTelecommunications
FoundedJuly 1995 (1995-07)[1]
FoundersRocco B. Commisso[1]
HeadquartersBlooming Grove, New York, USA
Area servedPrimarily Midwest, Southeastern United States
Key peopleRocco B. Commisso (Chairman, CEO, majority shareholder)[1]
ProductsCable television, Broadband Internet access, Cable telephony
RevenueIncrease$1.460 Billion (2009)[1]:37
Operating incomeIncrease$299.761 Million (2009)[1]:37
Net incomeIncrease$744.067 Million (2009)[1]:37
Total assetsIncrease$3.977 Billion (2009)[1]:37
Total equityIncrease$268.028 Million (2009)[1]:37
OwnersRocco B. Commisso (87.2% vote)[1]:32
Employees4,500 (2009)[1]
SubsidiariesMediacom LLC
Mediacom Broadband LLC[1]:26
Websitehttp://www.mediacomcable.com
Mediacom Communications Corporation

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, 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. 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]

External links[edit]