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| | Investor's Business Daily: Breaking News |
 | | Atlanta-based Cox Enterprises already owns 62 percent of Cox Communications (COX), also based in Atlanta, and said Aug. 2 it would offer $32 a share to buy the 38 percent of the stock it doesn't already own. |
 | | Privately held Cox Enterprises is controlled by founder James Cox's daughters, Barbara Cox Anthony and Anne Cox Chambers, who are said by Forbes magazine to be among the world's 25 richest people with a net worth of $11.2 billion. |
 | | James Cox's grandson, James C. Kennedy, is the chairman of both companies' boards and CEO of Cox Enterprises, whose holdings include newspapers, radio and television stations, an auto auction business, Autotrader.com, Internet and telephone service, as well as the nation's third-largest cable television business with 6.3 million customers. |
| www.investors.com /breakingnews.asp?journalid=22711393&brk=1&rb=1 (561 words) |
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