Good revenue visibility from largely subscription-based revenue of core cable unit Cable plant capable of meeting foreseeable demand for higher data speeds A degree of business diversity from media and auto-related segments Mature cable business with continuing loss of basic customers to satellite and telephone company video Vulnerability of second–largest segment, Manheim's auto auction business to macro-economic conditions Relatively predictable revenue and EBITDA from core cable systems Prudent financial policy, including ongoing dividends to Cox family Moderate debt maturities and about $2 billion in revolver capacity The rating outlook on Cox Enterprises Inc. (Cox) is stable, underpinned by the company's good revenue visibility from the subscription-based business model of its key cable unit, coupled with the continued prudent financial policy
