Rocco B. Commisso Withdraws the Offer to Privatize Mediacom Communications (MCCC)

Rocco B. Commisso, the founder, Chairman and Chief Executive Officer of Mediacom Communications Corporation MCCC, today announced that he has withdrawn his May 31, 2010 non-binding offer to purchase all of the shares of Mediacom not currently owned by him. Mr. Commisso reached this decision after the Special Committee of Mediacom’s Board of Directors rejected a meaningful increase to his initial offer price, and despite Mr. Commisso’s agreement that acceptance of such offer would be subject to the approval of the holders of a majority of shares of Mediacom that Mr. Commisso does not own.