Zito Media, the Potter County, Pennsylvania-based cable operator owned by James Rigas, has purchased cable systems in California and Colorado from USA Communications. Terms of the deal were not disclosed.
USA Communications earlier sold systems in Alabama to Hargray Communications. In both the Hargray and Zito Media deals, B. Riley FBR served as USA Communications’ exclusive financial advisor.
Zito Media, formed in 2006, provides TV, high-speed internet and digital phone services to communities in 19 states.
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