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Patriot Media & Communications CNJ, LLC is a private company that engages in the buying and operating of cable television systems. The company serves 81,000+ customers in 31 communities of central New Jersey including Somerset, Morris, Mercer and Hunterdon counties. Long-time cable entrepreneur Steve Simmons, part owner and CEO, purchased the company from RCN on February 19, 2003 for $245 million cash along with private equity firm Spectrum Equity Investors.[1] Spectrum Equity Investors, who specialize, in media and communications investments was the primary investor in the deal.

Comcast acquired [2] Patriot Media in April 2007 for $483 million. For the time being, the acquired systems continue to operate under the Patriot Media name.

Patriot Media's services include:

  • Cable TV
  • High-speed internet
  • Digital phone

References

  1. ^ "RCN completes sale of non-strategic New Jersey cable systems for $245 million". http://www.secinfo.com/dsVsj.2hw.d.htm.  
  2. ^ "Comcast Buys Patriot Media". http://www.multichannel.com/article/CA6430323.html.  
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