Patriot media

Patriot media

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. [ [http://www.secinfo.com/dsVsj.2hw.d.htm] RCN COMPLETES SALE OF NON-STRATEGIC NEW JERSEYCABLE SYSTEMS FOR $245 MILLION] Spectrum Equity Investors who specializes in media and communications investments was the primary investor in the deal.

Comcast acquired [ [http://www.multichannel.com/article/CA6430323.html] Comcast Buys Patriot Media] 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

References


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