Ascent Capital Group
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Ascent Capital Group, Inc. was a public holding company[2] whose primary subsidiary was Monitronics. Ascent Media was a wholly owned subsidiary of the Discovery Holding Company (DHC). DHC spun off Ascent Media as an independent, public company on September 17, 2008.[3]
Quick Facts Company type, Traded as ...
Company type | Public |
---|---|
Nasdaq: ASCMA Nasdaq: ASCMB | |
Industry | Residential Security Monitoring |
Founded | 1999; 25 years ago (1999) |
Defunct | 2019; 5 years ago (2019) |
Fate | Merged with Monitronics |
Headquarters | , United States |
Area served | United States |
Key people | William R. Fitzgerald (Chairman) William E. Niles (CEO) |
Revenue | US$311.9M (FY 2011)[1] |
US$-28.2M (FY 2011)[1] | |
US$20.6M (FY 2011)[1] | |
Total assets | US$1,626M(FY 2011)[1] |
Total equity | US$560M (FY 2011)[1] |
Website | www |
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The company's main activity through its wholly owned subsidiary, Monitronics, was to provide security alarm monitoring services to more than 1 million residential and commercial customers in the United States, Canada and Puerto Rico through its nationwide network of independent dealers.[citation needed]
On May 24, 2019 Ascent Capital Group announced its intent to merge with Monitronics.[4]