-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DfQ/MNdcO9gbs+qWEK44Pcz5GslmEgfnaRVSSG3AELuRHiYbcNCQTjHWYBVD10tT F42B8pThUa3nPekfmLJoTg== 0000950133-09-001696.txt : 20090518 0000950133-09-001696.hdr.sgml : 20090518 20090518102737 ACCESSION NUMBER: 0000950133-09-001696 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20090518 DATE AS OF CHANGE: 20090518 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COX RADIO INC CENTRAL INDEX KEY: 0001018522 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 581620022 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E3/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47385 FILM NUMBER: 09835582 BUSINESS ADDRESS: STREET 1: C/O COX ENTERPRISES INC STREET 2: 6205 PEACHTREE DUNWOODY ROAD CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 678-645-0000 MAIL ADDRESS: STREET 1: C/O COX ENTERPRISES INC STREET 2: 6205 PEACHTREE DUNWOODY ROAD CITY: ATLANTA STATE: GA ZIP: 30328 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COX RADIO INC CENTRAL INDEX KEY: 0001018522 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 581620022 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47385 FILM NUMBER: 09835583 BUSINESS ADDRESS: STREET 1: C/O COX ENTERPRISES INC STREET 2: 6205 PEACHTREE DUNWOODY ROAD CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 678-645-0000 MAIL ADDRESS: STREET 1: C/O COX ENTERPRISES INC STREET 2: 6205 PEACHTREE DUNWOODY ROAD CITY: ATLANTA STATE: GA ZIP: 30328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COX ENTERPRISES INC ET AL CENTRAL INDEX KEY: 0000779426 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 581035149 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 1400 LAKE HEARN DRIVE CITY: ATLANTA STATE: GA ZIP: 30319 BUSINESS PHONE: 4048435000 MAIL ADDRESS: STREET 1: 1400 LAKE HEARN DRIVE STREET 2: 1400 LAKE HEARN DRIVE CITY: ATLANTA STATE: GA ZIP: 30319 SC TO-T/A 1 w7395811sctovtza.htm SC TO-T/A sctovtza
 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE TO/A
(Amendment No. 11)
TENDER OFFER STATEMENT UNDER SECTION 14(D)(1)
OR SECTION 13(E)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
 
COX RADIO, INC.
(Name of Subject Company (Issuer))
COX ENTERPRISES, INC.
COX MEDIA GROUP, INC.
(Names of Filing Persons)
 
CLASS A COMMON STOCK, PAR VALUE $0.33 PER SHARE
(Title of Class of Securities)
 
224051102
(CUSIP Number of Class of Securities)
 
Andrew A. Merdek, Esq.
Cox Enterprises, Inc.
6205 Peachtree Dunwoody Road
Atlanta, Georgia 30328
Telephone: (678) 645-0000
(Name, address and telephone number of
person authorized to receive notices
and communications on behalf of filing persons)
Copy to:
Stuart A. Sheldon, Esq.
Thomas D. Twedt, Esq.
Dow Lohnes PLLC
1200 New Hampshire Avenue, N.W.
Washington, D.C. 20036
Telephone: (202) 776-2000
CALCULATION OF FILING FEE
     
Transaction Valuation(1): $82,405,037   Amount of Filing Fee(2): $4,599
(1)   Estimated solely for the purpose of calculating the amount of the filing fee in accordance with the Securities Exchange Act of 1934, as amended, based on the product of (i) $4.80, which is the increased tender offer price, and (ii) 17,167,716, the estimated maximum number of shares of Class A common stock, par value $0.33 per share, of Cox Radio, Inc. to be acquired in the tender offer. The 17,167,716 Shares represent the 20,759,670 Shares outstanding as of March 17, 2009, less the 3,591,954 Shares already beneficially owned by Cox Enterprises, Inc.
 
(2)   The amount of the filing fee calculated in accordance with the Securities Exchange Act of 1934, as amended, equals $55.80 for each $1,000,000 of value. The filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934 and Fee Rate Advisory #5 for Fiscal Year 2009, issued March 11, 2009.
þ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
     
Amount previously paid:
   $4,599
Filing Party:
  Cox Enterprises, Inc. and Cox Media Group, Inc.
Form or registration no.:
  Schedule TO-T
Date Filed:
  March 23, 2009 and April 30, 2009
o Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates:
  þ   third-party tender offer subject to Rule 14d-1.
 
  o   issuer tender offer subject to Rule 13e-4.
 
  þ   going-private transaction subject to Rule 13e-3.
 
  o   amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender offer: o
 
 


 

TABLE OF CONTENTS

Items 1 through 9, 11 and 13
Item 12. Exhibits
SIGNATURES
EXHIBIT INDEX
(a)(1)(T)
Explanatory Note
This Amendment No. 11 amends and supplements the Tender Offer Statement and Rule 13E-3 Transaction Statement filed under cover of Schedule TO-T on March 23, 2009 (as previously amended and supplemented, the “Schedule TO”), by Cox Enterprises, Inc., a Delaware corporation (“Enterprises”), and Cox Media Group, Inc., a Delaware corporation and a wholly-owned subsidiary of Enterprises (“Media”). The Schedule TO relates to the offer by Media to purchase all of the issued and outstanding shares of Class A common stock, par value $0.33 per share (the “Shares”), of Radio not owned by Media upon the terms and subject to the conditions set forth in the Amended and Restated Offer to Purchase dated April 29, 2009 (the “Amended and Restated Offer to Purchase”), and in the related Amended and Restated Letter of Transmittal (which, together with any amendments or supplements from time to time thereto, collectively constitute the “Offer”).
All capitalized terms used in this Amendment No. 11 without definition have the meanings ascribed to them in the Schedule TO.
The items of the Schedule TO set forth below are hereby amended and supplemented as follows:
Items 1 through 9, 11 and 13.
     (1) The Offer is extended to, and will expire, at 5:00 p.m., New York City time, on Tuesday, May 19, 2009.
     (2) All references to the Expiration Date set forth in the Amended and Restated Letter of Transmittal, the Amended and Restated Notice of Guaranteed Delivery, the Amended and Restated Letter from Citigroup Global Markets Inc. to Brokers, Dealers, Commercial Banks, Trust Companies and Nominees, and the Amended and Restated Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Nominees are hereby amended to reflect the Expiration Date as 5:00 p.m., New York City time, on Tuesday, May 19, 2009.
     (3) The press release announcing the extension of the Offer is attached hereto as Exhibit (a)(1)(T) and is incorporated herein by reference.
Item 12. Exhibits.
     
Exhibit No.   Description
 
   
(a)(1)(A)*
  Offer to Purchase, dated March 23, 2009.
 
   
(a)(1)(B)*
  Letter of Transmittal.
 
   
(a)(1)(C)*
  Notice of Guaranteed Delivery.
 
   
(a)(1)(D)*
  Letter from Citigroup Global Markets Inc. to Brokers, Dealers, Commercial Banks, Trust Companies and Nominees.
 
   
(a)(1)(E)*
  Letter to clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Nominees.
 
   
(a)(1)(F)*
  Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.
 
   
(a)(1)(G)*
  Summary Advertisement published on March 24, 2009.
 
   
(a)(1)(H)*
  Cox Enterprises, Inc. press release, dated March 23, 2009.
 
   
(a)(1)(I)
  Letter to Board of Directors of Cox Radio, Inc., dated March 22, 2009 (incorporated by reference to Exhibit 7.02 to the Schedule 13D/A filed by Cox Enterprises, Inc., Cox Holdings, Inc., Cox Media Group, Inc. and the Dayton Cox Trust A on March 23, 2009).

1


 

     
Exhibit No.   Description
 
   
(a)(1)(J)*
  Notice to Participants of Cox Radio, Inc. Employee Stock Purchase Plan mailed by Cox Enterprises to plan participants.
 
   
(a)(1)(K)*
  Email correspondence to employees of Cox Enterprises and Cox Radio from Cox Enterprises delivered on March 23, 2009.
 
   
(a)(1)(L)*
  Press release issued by Cox Enterprises on April 20, 2009, entitled “Cox Enterprises, Inc. Extends Tender Offer for Cox Radio.”
 
   
(a)(1)(M)*
  Press release issued by Cox Enterprises on April 29, 2009, entitled “Cox Enterprises, Inc. to Increase Tender Offer Price for Cox Radio to $4.80 per Share and Extend Offer.”
 
   
(a)(1)(N)*
  Amended and Restated Offer to Purchase, dated April 29, 2009.
 
   
(a)(l)(O)*
  Amended and Restated Letter of Transmittal.
 
   
(a)(l)(P)*
  Amended and Restated Notice of Guaranteed Delivery.
 
   
(a)(l)(Q)*
  Amended and Restated Letter from Citigroup Global Markets Inc. to Brokers, Dealers, Commercial Banks, Trust Companies and Nominees.
 
   
(a)(l)(R)*
  Amended and Restated Letter to clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Nominees.
 
   
(a)(1)(S)*
  Press release issued by Cox Enterprises on May 14, 2009, entitled “Cox Enterprises Extends Tender Offer for Cox Radio and Maintains $4.80 Offer Price.”
 
   
(a)(1)(T)
  Press release issued by Cox Enterprises on May 18, 2009, entitled “Cox Enterprises Extends Tender Offer for Cox Radio and Maintains $4.80 Offer Price.”
 
   
(a)(2)(A)(i)*
  Solicitation/Recommendation Statement on Schedule 14D-9 filed by Cox Radio, dated and filed on April 3, 2009.
 
   
(a)(2)(A)(ii)*
  Solicitation/Recommendation Statement (Amendment No. 1) on Schedule 14D-9 filed by Cox Radio, dated and filed on April 20, 2009.
 
   
(a)(2)(A)(iii)*
  Solicitation/Recommendation Statement (Amendment No. 2) on Schedule 14D-9 filed by Cox Radio, dated and filed on April 30, 2009.
 
   
(a)(2)(A)(iv)*
  Solicitation/Recommendation Statement (Amendment No. 3) on Schedule 14D-9 filed by Cox Radio, dated and filed on May 1, 2009.
 
   
(a)(2)(A)(v)
  Solicitation/Recommendation Statement (Amendment No. 4) on Schedule 14D-9 filed by Cox Radio, dated and filed on May 7, 2009 (incorporated by reference to the Schedule 14D-9/A filed by Cox Radio on May 7, 2009).
 
   
(a)(2)(A)(vi)
  Solicitation/Recommendation Statement (Amendment No. 5) on Schedule 14D-9 filed by Cox Radio, dated and filed on May 13, 2009 (incorporated by reference to the Schedule 14D-9/A filed by Cox Radio on May 13, 2009).
 
   
(a)(2)(B)
  Letter, dated April 3, 2009, from the Special Committee of Cox Radio to Cox Radio’s stockholders (incorporated by reference to Exhibit (a)(2)(A) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(a)(2)(C)
  Press release issued by Cox Radio on April 3, 2009, entitled “Cox Radio, Inc. Issues Response/Recommendation Statement Regarding Tender Offer of Cox Enterprises, Inc.”

2


 

     
Exhibit No.   Description
 
 
  (incorporated by reference to Exhibit (a)(2)(B) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(a)(2)(D)
  Press release issued by Cox Radio on April 1, 2009, entitled “Cox Radio, Inc. Forms Special Committee to Evaluate Cox Media’s Tender Offer” (incorporated by reference to Exhibit (a)(2)(C) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(a)(5)(A)
  George Leon v. Cox Radio, Inc., et al., Case No. 4461, Delaware Chancery Court (filed March 27, 2009) (incorporated by reference to Exhibit (a)(5)(D) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(a)(5)(B)
  Coral Springs Police Pension Fund v. Cox Radio, Inc., et al., Case No. 4463, Delaware Chancery Court (filed March 30, 2009) (incorporated by reference to Exhibit (a)(5)(E) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(a)(5)(C)
  Ruthellen Miller v. James C. Kennedy, et al., Case No. 09-A-02921-9, Superior Court of Gwinnett County (filed March 30, 2009) (incorporated by reference to Exhibit (a)(5)(F) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(a)(5)(D)*
  In re Cox Radio, Inc. Shareholders Litigation, Case No. 4461-VCP, Delaware Chancery Court (filed April 7, 2009).
 
   
(a)(5)(E)*
  Ruthellen Miller v. James C. Kennedy, et al., Case No. 09-A-02921-9, Superior Court of Gwinnett County (filed April 8, 2009).
 
   
(a)(5)(F)*
  Donald Dixon v. James C. Kennedy, et al., Case No. 1:09-CV-0938-JEC, U.S. District Court Northern District of Georgia, Atlanta Division (filed April 15, 2009).
 
   
(a)(5)(G)*
  Unanimous Written Consent of the Board of Directors of Cox Radio, Inc. dated March 31, 2009.
 
   
(a)(5)(H)*
  Unanimous Written Consent of the Board of Directors of Cox Radio, Inc. dated April 19, 2009.
 
   
(a)(5)(I)*
  Memorandum of Understanding, dated April 29, 2009.
 
   
(a)(5)(J)
  Letter, dated May 1, 2009, from the Special Committee to Cox Radio’s stockholders (incorporated by reference to Exhibit (a)(2)(F) to the Schedule 14D-9/A filed by Cox Radio on May 1, 2009).
 
   
(a)(5)(K)*
  Email correspondence to Cox Radio stockholders delivered on May 15, 2009.
 
   
(b)(1)
  Credit Agreement, dated as of July 26, 2006, by and among Cox Enterprises, Inc., the lenders party thereto, JP Morgan Chase Bank, N.A., as administrative agent, Citibank, N.A. and Wachovia Capital Markets, LLC, as syndication agents, Lehman Brothers Inc. and The Bank of Tokyo-Mitsubishi UFJ, LTD, New York Branch, as documentation agents, and JP Morgan Securities, Inc., Citigroup Global Markets, Inc. and Wachovia Capital Markets, LLC as joint lead arrangers and joint bookrunners (incorporated by reference to Exhibit 7.03 to the Schedule 13D/A filed by Cox Enterprises, Inc., Cox Holdings, Inc., Cox Media Group, Inc. and the Dayton Cox Trust A on March 23, 2009).
 
   
(b)(2)
  First Commitment Increase Amendment to Credit Agreement, dated as of September 28, 2007 (incorporated by reference to Exhibit 7.04 to the Schedule 13D/A filed by Cox Enterprises, Inc., Cox Holdings, Inc., Cox Media Group, Inc. and the Dayton Cox Trust A on March 23, 2009).
 
   
(b)(3)
  Second Amendment and Limited Waiver to Credit Agreement, dated as of December 29, 2008 (incorporated by reference to Exhibit 7.05 to the Schedule 13D/A filed by Cox Enterprises, Inc., Cox Holdings, Inc., Cox Media Group, Inc. and the Dayton Cox Trust A on March 23, 2009).

3


 

     
Exhibit No.   Description
 
   
(c)(1)*
  Materials presented by Citigroup Global Markets Inc. to the senior management of Cox Enterprises, Inc. on March 16, 2009.
 
   
(c)(2)*
  Materials presented by Citigroup Global Markets Inc. to the Board of Directors of Cox Enterprises, Inc. on March 22, 2009.
 
   
(c)(3)*
  Materials presented by senior management of Cox Enterprises, Inc. and Cox Media Group, Inc. to the Boards of Directors of Cox Enterprises, Inc. and Cox Media Group, Inc. on March 22, 2009.
 
   
(c)(4)
  Opinion of Gleacher Partners LLC (incorporated by reference to Exhibit (a)(5)(C) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(c)(5)*
  Appraisal of Cox Radio, Inc. as of December 31, 2007 by John Morton, Paul Ravaris and Associates.
 
   
(c)(6)*
  Appraisal of Cox Radio, Inc. as of December 31, 2007 by Duff & Phelps.
 
   
(c)(7)*
  Appraisal of Cox Radio, Inc. as of December 31, 2007 by Bond & Pecaro.
 
   
(c)(8)*
  Valuation of Cox Radio, Inc.’s radio stations as of December 31, 2008 by Bond & Pecaro for purposes of impairment testing pursuant to SFAS No. 142.
 
   
(c)(9)*
  Valuation of Cox Radio, Inc.’s FCC licenses as of December 31, 2008 by Bond & Pecaro for purposes of impairment testing pursuant to SFAS No. 142.
 
   
(c)(10)*
  Valuation of Cox Radio, Inc. as of December 31, 2007 by Valuation Research Corporation.
 
   
(c)(11)*
  Materials presented by Citigroup Global Markets Inc. to the financial advisors of the special committee of Cox Radio, Inc. on April 24, 2009.
 
   
(c)(12)
  Materials presented by Gleacher Partners to Citigroup Global Markets Inc. on April 21, 2009 (incorporated by reference to Exhibit (a)(5)(M) to the Schedule 14D-9/A filed by Cox Radio on May 7, 2009).
 
   
(c)(13)
  Materials presented by Gleacher Partners to the special committee of Cox Radio, Inc. on April 16, 2009 (incorporated by reference to Exhibit (a)(5)(N) to the Schedule 14D-9/A filed by Cox Radio on May 7, 2009).
 
   
(c)(14)
  Materials presented by Gleacher Partners to the special committee of Cox Radio, Inc. on April 23, 2009 (incorporated by reference to Exhibit (a)(5)(O) to the Schedule 14D-9/A filed by Cox Radio on May 7, 2009).
 
   
(c)(15)
  Materials presented by Gleacher Partners to the special committee of Cox Radio, Inc. on April 27, 2009 (incorporated by reference to Exhibit (a)(5)(P) to the Schedule 14D-9/A filed by Cox Radio on May 7, 2009).
 
   
(d)
  None.
 
   
(e)
  Revolving Promissory Note, dated December 4, 2003 (incorporated by reference to Exhibit (e)(1) to the Schedule 14D-9 filed by Cox Radio on April 3, 2009).
 
   
(f)*
  Section 262 of the Delaware General Corporation Law (included as Schedule C of the Amended and Restated Offer to Purchase filed as Exhibit (a)(1)(M)).
 
   
(g)
  None.

4


 

     
Exhibit No.   Description
 
   
(h)
  None.
 
*   Previously filed.

5


 

SIGNATURES
After due inquiry and to the best knowledge of the undersigned, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
AMENDMENT TO SCHEDULE TO AND SCHEDULE 13E-3
         
  COX ENTERPRISES, INC.
 
 
  /s/ John M. Dyer    
  John M. Dyer   
  Executive Vice President and
Chief Financial Officer 
 
 
  COX MEDIA GROUP, INC.
 
 
  /s/ Neil O. Johnston    
  Neil O. Johnston   
  Vice President and
Chief Financial Officer 
 
 
Date: May 18, 2009

 


 

EXHIBIT INDEX
     
Exhibit No.   Description
 
   
(a)(1)(T)
  Press release issued by Cox Enterprises on May 18, 2009, entitled “Cox Enterprises Extends Tender Offer for Cox Radio and Maintains $4.80 Offer Price.”

 

EX-99.(A)(1)(T) 2 w7395811exv99wxayx1yxty.htm (A)(1)(T) exv99wxayx1yxty
Exhibit (a)(1)(T)
     
(COX LOGO)   NEWS
Cox Enterprises Extends Tender Offer for Cox Radio
and Maintains $4.80 Offer Price
Tender Offer Expires May 19, 2009
ATLANTA, May 18, 2009 – Cox Enterprises, Inc. announced today that it has extended the tender offer by its Cox Media Group, Inc. subsidiary to acquire all the outstanding shares of Class A common stock of Cox Radio, Inc. (NYSE: CXR) not otherwise held by Cox Media Group. The tender offer will now expire at 5:00 p.m., New York City time, on Tuesday, May 19, 2009.
“We achieved 97% of the majority of the minority condition and only need approximately 275,000 additional shares to satisfy that condition,” commented John M. Dyer, Chief Financial Officer of Cox Enterprises. “An additional two million shares were tendered over the first two-day extension, and we want to give shareholders two additional days to tender their shares and work through the mechanics and instructions with their custodian bank or broker.”
The tender offer remains subject to the condition that a majority of the minority shareholders (those who are not executive officers, directors or affiliates of Cox Enterprises, Cox Media Group or Cox Radio other than directors of Cox Radio who constitute the special committee of independent directors formed to consider the tender offer) tender their shares. All other terms and conditions of the tender offer also remain unchanged. As of 5:00 p.m. on May 15, 2009, approximately 8,472,000 shares had been tendered pursuant to the offer, which amount includes approximately 485,000 shares subject to guaranteed deliveries and approximately 327,000 shares tendered by affiliates. Accordingly, tendered shares represent approximately 97% of the shares needed to satisfy the majority of the minority condition. If the majority of the minority condition is not satisfied as of the new expiration date, Cox Enterprises does not intend to further extend the offer.
Cox Radio shareholders and other interested parties are urged to read Cox Enterprises’ and Cox Media Group’s tender offer statement, as amended from time to time, amended and restated offer to purchase and other relevant documents. Cox Radio shareholders can obtain the tender offer statement and related documents free of charge at the SEC’s web site: www.sec.gov, from Cox Enterprises at 6205 Peachtree Dunwoody Road, Atlanta, GA 30328, Attn: Corporate Communications, or from D.F. King & Co., Inc., the Information Agent for the tender offer, by calling (800) 578-5378.
About Cox Enterprises (www.coxenterprises.com)
Cox Enterprises, Inc. is a leading communications, media and automotive services

 


 

company. With revenues exceeding $15 billion and more than 77,000 employees, the company’s major operating subsidiaries include Cox Communications, Inc. (cable television distribution, telephone, high-speed Internet access, commercial telecommunications, advertising solutions and the Travel Channel); Manheim, Inc. (vehicle auctions, repair and certification services and web-based technology products); Cox Media Group, Inc. (television stations, digital media, newspapers, advertising sales rep firms and majority-owned, publicly-traded Cox Radio, Inc.); and AutoTrader.com (online automotive classifieds and related publications). Additionally, Cox’s Internet operations include Kudzu.com and Adify Corporation, a unit of Cox TMI, Inc.
CAUTIONARY STATEMENT: Statements in this document represent the intentions, plans, expectations and beliefs of Cox Enterprises and involve risks and uncertainties that could cause actual events to differ materially from the events described in this document, including risks or uncertainties related to whether the conditions to the tender offer will be satisfied, and if not, whether the tender offer and merger will be completed, as well as changes in general economic conditions, stock market trading conditions, tax law requirements or government regulation, and changes in the radio broadcast industry or the business or prospects of Cox Radio. Cox Enterprises wishes to caution the reader that these factors, as well as factors described or to be described in Cox Enterprises’, Cox Media Group’s and Cox Radio’s SEC filings with respect to the transaction, are among the factors that could cause actual events or results to differ materially from Cox Enterprises’ current expectations described herein.
# # #
     
Media Contact:
  Investor Contact:
Bobby Amirshahi
  Richard Jacobson
(678) 645-4518
  (678) 645-0111
bobby.amirshahi@coxinc.com
  richard.jacobson@coxinc.com

 

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