ENGLEWOOD, Colo.—Monitronics will have more than 600 dealers and 1 million accounts when it completes the $487 million acquisition, announced today, of super-regional security company Security Networks, the 14th largest residential alarm monitoring company in the United States.
PALM BEACH, Fla.—The media in Ascent Media—the new owner of Monitronics—is really limited to the company name. That was one of the messages from Bill Fitzgerald, chairman of the board of Ascent Media Corporation, at the Barnes Buchanan conference here in February.
He got some laughs from the conference crowd when he said: “You’re looking at me and thinking ‘Here come the cable guys again.’”
In some ways, Fitzgerald said, the crowd was right to think that. After all, Fitzgerald came to Ascent Media from AT&T Broadband, formerly known as TeleCommunications, Inc. (TCI). He also still holds the post of SVP of Liberty Media Corporation, whose chairman is cable industry pioneer John Malone.