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About Cox Auto Trader Publications, Inc

Cox Enterprises is a private, family-owned holding company with cable TV holdings and automobile listing services. Flagship subsidiary Cox Communications is the third largest US cable company (behind Comcast and Charter Communications) serving about six million customers with TV, internet, and phone services. Cox Automotive acts as a clearing house for buying and selling cars through platforms like Autotrader, Dealer.com, and Manheim (auto auctions). At the close of 2019 Cox sold a majority of its broadcast radio, TV, and newspaper assets -- operating under the name Cox Media Group -- to Apollo Global Management.

Operations

Cox Enterprises primarily operates through two business groups: Cox Communications and Cox Automotive. It sold a majority of its Cox Media Group (broadcast radio, TV, and newspaper assets) at the end of 2019. 

Cox Communications—the third largest cable company in the US—offers broadband internet services as well as digital video, telephone, and home security and automation products through its own IP network. The unit's Cox Business subsidiary operates within the group and provides voice, video, and data services for commercial clients. 

Cox Automotive owns a collection of brands and platforms for buying and selling cars such as Autotrader, Dealer.com, Dealertrack, Kelley Blue Book, Manheim, Xtime, and VinSolutions. The company's products provide data on and insights into consumer behavior; automotive trends; and inventory, sales, and marketing.

 

Geographic Reach

Atlanta, Georgia-based Cox Enterprises operates in more than 100 countries, with a concentration in the US, Asia Pacific, and Europe.

Strategy

Cox Enterprises focuses on making strategic investments to bolster its existing brands and operations -- particularly those that advance its technological capabilities -- while lessening its stakes in less profitable ventures.

In 2019 the company invested $30 million in Fyusion, a 3D computer vision and machine learning company. Cox will integrate Fyusion's technology to bring 360-degree interactive vehicle viewing to Cox Automotive's Manheim Express app. The company also participated in a $60 million financing round for Ouster, a startup that produces sensors for self-driving cars. Cox invested in Clearcover early that year as well. The car insurer uses targeted online advertising to attract customers instead of traditional marketing methods like blanket advertising and physical offices.

Cox sold a majority share of its radio and TV stations and newspapers for some $3.6 billion to affiliates of private equity firm Apollo Global Management in 2019 amid changing media consumption habits. Cox was looking to sell its media assets in a landscape where broadcasters look to either gain scale or exit the space as viewership and advertising dollars increasingly shift to providers of web-based, streaming content. Meanwhile, broadcast stations appeal to private equity firms because of the cash-rich fees the stations generate from being carried by cable operator.

 

Cox Auto Trader Publications, Inc

100 W Plume St
Norfolk, VA 23510-1618
Phone: 1 (757) 531-7000

Firm Stats

Employer Type: Privately Owned
Employees (This Location): 300
Employees (All Locations): 5,000

Major Office Locations

Norfolk, VA

Other Locations

Maxton, NC