Ascent Capital Group Announces Resignation of John Malone from Its Board of Directors

Ascent Capital Group Announces Resignation of John Malone from Its Board of Directors

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Ascent Capital Group, Inc. ("Ascent" or the "Company") (NAS: ASCMA) announced today that Dr. John C. Malone has resigned from the Company's Board of Directors. Dr. Malone stepped down to focus on his many other personal and professional activities.

Dr. Malone commented, "It has been a pleasure to work with Bill, the Ascent management team, and the board over the past two years. The team has demonstrated tremendous determination as the company pursued a complete transformation, culminating with the purchase of Monitronics. I am pleased with the direction of Ascent and have confidence in the management team and its strategy which I am convinced will provide strong returns for shareholders. I remain a very enthusiastic and supportive shareholder in Ascent with a continued interest in building my equity position in the Company."

Since joining the Ascent board in 2010, Dr. Malone played an integral role in supporting the Ascent management team through the sale of its media and content services businesses and the purchase of Monitronics International, one of the nation's largest and fastest-growing home security alarm monitoring companies.

"I am enormously grateful to John for his tremendous insight, perspective, and support during his tenure as an Ascent board member," said Bill Fitzgerald, Ascent's Chairman and Chief Executive Officer. "We have been extremely fortunate to have him on our team and have certainly benefited from his expertise in leading innovative businesses and creating value. We look forward to his continued support as a shareholder."

About Ascent Capital Group, Inc.

Ascent is a holding company and owns 100 percent of its operating subsidiaries, including Monitronics, one of the nation's largest, fastest-growing home security alarm monitoring companies, headquartered in Dallas, TX, and certain former subsidiaries of Ascent Media Group, LLC.

Sloane & Company
Erica Bartsch, 212-446-1875

KEYWORDS:   United States  North America  Colorado  Texas


The article Ascent Capital Group Announces Resignation of John Malone from Its Board of Directors originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.