Patriot media
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Patriot Media & Communications CNJ, LLC is a private company that engages in the buying and operating of cable television systems. The company serves 81,000+ customers in 31 communities of Central New Jersey including Somerset, Morris, Mercer and Hunterdon counties. Long-time cable entrepreneur Steve Simmons, part owner and CEO, purchased the company from RCN in February 19, 2003 for $245 million cash along with private equity firm Spectrum Equity Investors.[1] Spectrum Equity Investors who specializes in media and communications investments was the primary investor in the deal.
Comcast acquired [2] Patriot Media in April 2007 for $483 million. For the time being, the acquired systems continue to operate under the Patriot Media name.
Patriot Media's services include:
- Cable TV
- High-speed internet
- Digital Phone
[edit] References
- ^ [1] RCN COMPLETES SALE OF NON-STRATEGIC NEW JERSEY CABLE SYSTEMS FOR $245 MILLION
- ^ [2] Comcast Buys Patriot Media
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