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Cox Communications Announces Possible Sale of Certain Cable Assets
[March 07, 2005]

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.

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