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Cox Selling selected systems to get control of ca

Cox Communications Announces Possible Sale of Certain Cable Assets
ATLANTA--(BUSINESS WIRE)--March 7, 2005--Cox Communications, Inc. today
announced it is exploring a sale of four cable operations serving
approximately 900,000 subscribers.


This is one of a number of strategic options being considered to reduce debt
and accelerate growth. A successful sale would allow Cox Communications to
focus resources on its remaining cable operations and on the rollout of new
products and services.

Systems under consideration for sale include West Texas, serving the
Lubbock, Midland, Amarillo, San Angelo and Abilene areas; North Carolina,
serving the Greenville, Rocky Mount, New Bern and Kinston areas; Humboldt
County, California; and much of Middle America Cox (MAC), primarily
comprised of operations in Texas, Louisiana and Arkansas. MAC also includes
certain systems in Oklahoma, Mississippi and Missouri. Excluded from the
potential sale are some operations serving the Northwest Arkansas and
Lafayette, Louisiana areas.

Citigroup Global Markets, Lehman Brothers, Inc., and JP Morgan Securities
Inc. have been retained by Cox as advisors.

Cox Communications Inc. is a multi-service broadband communications company
with approximately 6.6 million total customers, including approximately 6.3
million basic cable subscribers. The nation's third-largest cable television
provider, Cox offers analog cable television under the Cox Cable brand as
well as digital video service under the Cox Digital Cable brand. Cox
provides an array of other communications and entertainment services
including local and long-distance telephone under the Cox Digital Telephone
brand, high-speed Internet service under the Cox High Speed Internet brand,
video on demand programming under the Entertainment on Demand brand, digital
video recorders, high-definition television and home networking. Commercial
voice and data services are offered via Cox Business Services. Local cable
advertising, promotional opportunities and production services are sold
under the Cox Media brand. Cox is an investor in programming services
including Discovery Communications Inc. Cox Communications is a wholly-owned
subsidiary of Cox Enterprises Inc.

Cox Communications, Inc., Atlanta
Media Contacts
Bobby Amirshahi, 404/843-7872
(-REDACTED-)
or
Amy Cohn, 404/843-5769
(-REDACTED-)
This is CABL.com posting #143191. Tiny Link: cabl.co/mLpH
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