Mediacom was founded in 1995 by Rocco B. Commisso, a former executive at Cablevision Industries. Commisso started the company with the goal of providing advanced cable services to underserved rural markets. In its early years, Mediacom acquired several smaller cable companies and expanded its service areas in the Midwest and Southeast regions of the United States.
In 2000, Mediacom went public on the NASDAQ stock exchange, raising $127.5 million in its initial public offering. Over the next several years, the company continued to grow through acquisitions and by expanding its service areas into new states.
In 2011, Commisso led a group of investors in a successful bid to take Mediacom private. The company was acquired by a group of investors that included Commisso, R Cable Investments, Inc., and Goldman Sachs Capital Partners.
Who Owns Mediacom Today?
As of 2023, Mediacom is still privately owned by a group of investors led by Rocco B. Commisso. The company is headquartered in Blooming Grove, New York, and operates in 22 states across the United States. Mediacom is the fifth largest cable television provider in the country, serving over 1.3 million customers.
In addition to his role as CEO and chairman of the board of Mediacom, Commisso is also the owner of the New York Cosmos soccer team and a member of the Forbes 400 list of the wealthiest people in America.
Mediacom Communications Corporation is a privately owned American cable television provider that was founded in 1995 by Rocco B. Commisso. Today, the company is still owned by a group of investors led by Commisso and operates in 22 states across the United States. Mediacom is committed to providing advanced cable services to underserved rural markets and continues to expand its service areas and offerings.