Patriot's Game: Cashing Out

Farrell, Mike
August 2006
Multichannel News;8/21/2006, Vol. 27 Issue 33, p5
The article states that the owners of Patriot Media & Communications are looking for a record price for the midsized cable company for as much as $7,000 per subscriber. Patriot owners Steve Simons and Spectrum Equity Associates began circulating initial notification via e-mail to possible buyers last week, inviting them to access the sale books on the systems for $6,879 per subscriber, according to several executives of UBS Investment Bank. According to Spectrum principal Nicholas Massard, given the strength of the Patriot systems, a $6,000-to-$7,000-per-subscriber valuation may not be outrageous.


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