Leading Proxy Advisory Firm Recommends Mediacom Communications Corporation Stockholders Vote “FOR” Proposed Merger
MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC) today announced that on February 10, 2011 Institutional Shareholder Services Inc. (“ISS”) issued a report recommending that MCCC stockholders vote “FOR” the proposal to adopt the merger agreement with an entity created by Mediacom’s founder, Chairman and Chief Executive Officer, Rocco B. Commisso, at the upcoming Special Meeting of Stockholders to be held on March 4, 2011. ISS is a leading independent proxy voting and corporate governance firm whose voting recommendations on corporate mergers are relied upon by hundreds of firms, including major institutional investors, mutual funds and other fiduciaries.
As previously announced, under the terms of the merger agreement, MCCC stockholders (other than Mr. Commisso and his affiliates) will receive $8.75 in cash for each share of Class A and Class B common stock they own. Stockholders who may have any questions or need assistance in voting should call MacKenzie Partners at: (800) 322-2885 or (212) 929-5500.
Mediacom has filed a definitive proxy statement describing the proposed transaction with the Securities and Exchange Commission (“SEC”). STOCKHOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE MERGER AND ITS PARTICIPANTS. Stockholders may obtain a free copy of the definitive proxy statement and other documents filed by Mediacom at the SEC’s Web site ( www.sec.gov) and from Mediacom.
About Mediacom Communications CorporationMediacom Communications is the nation’s eighth largest cable television company and one of the leading cable operators focused on serving the smaller cities in the United States, with a significant concentration in the Midwestern and Southeastern regions. Mediacom Communications offers a wide array of broadband products and services, including traditional and advanced video services such as digital television, video-on-demand, digital video recorders, high-definition television, as well as high-speed Internet access and phone service. For more information about Mediacom Communications, please visit www.mediacomcc.com.
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