Cox Radio, Inc. - Specimen Stock Certificate

Specimen Stock Certificate printed by American Bank Note Company. Please specify color.

Cox Radio, Inc., is a leading U.S. radio company that owns or operates 80 stations in 18 markets from New York to Hawaii, most of which are located in the southern half of the country. The firm also syndicates radio programs such as those hosted by commentator Neal Boortz and consumer advocate Clark Howard. Controlling interest in the publicly traded company is held by media giant Cox Enterprises, Inc. Cox Radio traces its roots to James Middleton Cox, who was born on a farm in Ohio in 1870. After studying to be a teacher and beginning work at the age of 16, he switched to journalism and in 1898 bought a newspaper, the Dayton Evening News. A reformer with political ambitions, Cox in 1909 won election to the U.S. House of Representatives and later served three terms as governor of Ohio before unsuccessfully seeking the presidency in 1920 with running mate Franklin D. Roosevelt. In the 1920s Cox revived his interest in newspapers and bought several others in Ohio as well as the Miami, Florida, Metropolis. In 1934 he also helped his son James McMahon Cox buy a radio station in Erie, Pennsylvania, which was then moved to Dayton and renamed WHIO. Its manager would be J. Leonard Reinsch, a 26-year-old who had received a business degree from Northwestern University and was already a ten-year radio veteran. Cox’s radio holdings were expanded in 1939 when he bought the Atlanta Journal, which also owned powerful station WSB. Cox Enterprises, as the family business was known, subsequently moved its headquarters from Dayton to Atlanta. During these years another radio station was added in Miami, and in 1948 WSB launched a television station and a second radio station on the new higher-fidelity FM band. Following the death of James Middleton Cox in 1957 his son became head of Cox Enterprises, sharing ownership with sisters Anne and Barbara. By this time, the company had acquired or started a handful of additional radio and television stations, principally in cities where it owned newspapers, and had also diversified into areas including real estate. Total broadcasting revenues at this time stood at about $9 million per year. In 1962 Cox Enterprises bought a community antenna system in Lewistown, Pennsylvania. The precursor of cable television, such systems had begun to appear around the United States in areas with poor reception, enabling residential customers to have crisp pictures via large antennas connected to a wired network. Read more at https://www.encyclopedia.com/books/politics-and-business-magazines/cox-radio-inc

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