Cox Denies Merger Talk

A report of possible merger discussions between two of the nation’s biggest cable companies stirred Wall Street on Friday.

Atlanta-based Cox Communications, the nation’s No. 3 cable provider by subscribers, has had discussions about a combination with No. 4 Charter Communications, according to a report by Bloomberg News.

But, according to to ajc.com,  in an internal memo to employees, Cox Communications President Pat Esser dismissed the news report and said he had not met with representatives of Charter or major shareholder Liberty Media to discuss a merger.

“While our standard policy is to not comment in the press on rumors related to mergers and acquisitions, the media continues to persist with these rumors and I felt it important to let you know that they are just that — rumors and speculation,” Esser wrote.

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The Bloomberg report, citing unnamed sources, said Cox Communications officials have discussed the issue with Liberty Media, which owns 27 percent of Charter.

Cox Communications is a division of Atlanta-based Cox Enterprises, a privately held company.

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