Cox Communications Inc., the majority owner of TV Works, is a multi-service broadband communications company serving approximately 6.7 million customers, including approximately 6.3 million basic cable subscribers. Cox also provides analog cable television and digital video services.
Industry observers view the takeover as part of an industry trend towards consolidation.
"Clearly there is a long overdue consolidation of thought and activity in what has historically been known as the interactive television space," said Tim Hanlon, senior vice president and director of emerging contacts for the Starcom MediaVest Group, a brand communications company. "Deals like this one take these disparate approaches to technology and begin to harmonize them, and I think some of the dynamics that we have been expecting in that direction are finally starting to happen."
advertisement
advertisement