Monitronics now sole operating subsidiary of Ascent

SSN Staff  - 
Wednesday, March 2, 2011

DALLAS—Ascent Media Corporation, formerly Ascent Media Group—which had been involved in media production—has finished its big move into security with the announcement Feb. 28 that it had, as planned, sold its Content Distribution business to Encompass Digital Media, Inc. That sale now leaves Monitronics as Ascent’s sole operating subsidiary, except for a small, immaterial portion of one of Ascent’s previous holdings, Systems Integration. Ascent is currently “pursuing strategic initiatives” for that final, non-security piece, according to the company.

Security Systems News first broke the story of Ascent’s move into security last year when Monitronics president and CEO Mike Haislip granted an exclusive, pre-investor call interview to SSN.