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    Monitronics Voted A 2013 ‘Top 100 Place To Work’ In Dallas-Fort Worth

    by Moni Blogger | Nov 12, 2013


    Nov. 12, 2013 (DALLAS)— Based on a confidential third-party survey of their 850-plus employees, Monitronics International, Inc. has made The Dallas Morning News’ list of “Top 100 Places to Work” in the Dallas-Fort Worth area for the third straight year.

    Monitronics has made the Dallas Top 100 each year since entering the competition in 2011.

    “It’s an honor for Monitronics to be recognized once again as a top place to work by our own employees,” said Mike Haislip, Monitronics President and CEO. “Being selected to the Dallas Top 100 for the third straight year is special because it means we’re achieving our goal of building a high-performance workplace that empowers us to make a positive impact on our customers’ lives each day.”

    Any organization with at least 50 employees in North Texas can enter the competition. To be eligible for a Top 100 ranking, at least 35 percent of a company’s employees must respond to a confidential questionnaire analyzed by WorkplaceDynamics. Anonymous responses from 69,673 DFW employees decided the 2013 rankings.

    The nation’s second-largest residential security provider, Monitronics delivers home and business security monitoring to more than 1 million residential and commercial accounts through their independent Authorized Dealer network in the U.S., Canada and Puerto Rico. Employees at Monitronics’ Dallas-based headquarters provide customer support and 24-hour alarm monitoring from their Five Diamond Certified monitoring center.

    Monitronics has focused internal efforts on increasing employee involvement and meeting high-performance objectives through mutual trust and respect at every level of the company.

    “One thing that gives me great pride is the way we’ve maintained a small-company feel despite our exponential growth over the last 20 years,” Haislip said. “We started in 1994 with two founders and one big idea: to build a security company people can truly trust. We still work very hard to ensure that each employee feels valued, because if they’re engaged and passionate about what they do, they should have a positive experience every time they talk to a customer.”

    About Monitronics International, Inc.

    A subsidiary of Ascent Capital Group, Inc., Monitronics is one of the nation’s largest and fastest-growing home security alarm monitoring companies. Monitronics’ 24/7 Alarm Response Center provides reliable and uninterrupted security monitoring service while consistently meeting or exceeding all UL, National Fire Protection Association and Central Station Alarm Association standards.

     

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    Monitronics Launches Alarm Response Center 'Hero Award'

    by Moni Blogger | Oct 04, 2013

    Oct. 4, 2013 — Alone in her home, choking on a piece of food and unable to speak or reach her nearby medical pendant, Monitronics customer Candace Lines needed help fast.

    Thankfully, Mrs. Lines had three guardians: a reliable security system installed by Monitronics authorized dealer Alliance Security; Monitronics’ 24-hour alarm monitoring; and her German Shepherd Samantha, who’s trained to assist Mrs. Lines with daily tasks. Samantha recognized her master’s danger, reached for the medical pendant and pressed the panic button with her paw.

    Monitronics Emergency Dispatch Operator Iliana Ibanez Rodriguez answered the call and took what she could hear on the other end as the warning needed to contact emergency personnel on behalf of Mrs. Lines, whose husband was at work at the time. Had it not been for the family’s advanced 2GIG two-way voice keypad, Iliana may not have been able to clearly hear Mrs. Lines’ need for help.

    “I could hear the dispatcher asking if I needed help but I could not speak,” Mrs. Lines said. “When the paramedics showed up, I knew the quick response by Monitronics and Ms. Rodriguez saved my life. I can’t thank them enough for being there when I needed them most.”

    For her immediate, thorough and professional response, Iliana received Monitronics’ inaugural “Hero Award” which recognizes operators and dealers whose actions directly lead to a customer’s life being saved. As a CSAA-certified operator, she has completed more than 96 hours of classroom training and 8 weeks of hands-on mentoring that prepared her for these types of emergencies.

    The Alarm Response Center presented her with a signed certificate of appreciation from Monitronics President & CEO Mike Haislip, Vice President Operations Bruce Mungiguerra and Vice President of Monitoring Operations Darin Anderson. She also received a new identification badge with the Hero Award logo and a polo shirt displaying the Hero Award logo.

    “World-class monitoring and swift response times are hallmarks of the Alarm Response Center,” Anderson said. “Iliana demonstrated Monitronics’ mission to protect our customers every hour, every day. We congratulate her on this award and use it as a shining example for our entire team of trained operators.”

    Alliance Security, one of the nation’s fastest-growing home security companies, also received an honorary Hero Award plaque at their corporate office in Warwick, R.I.

    Consistently among Monitronics’ top dealers, Alliance made Inc. Magazine's 2012 Hire Power Awards list spotlighting businesses that are adding jobs and rebuilding the economy. Alliance is also on Inc. Magazine's ‘Inc. 5000’ list of America’s 5,000 fastest-growing companies.

     About Monitronics International, Inc.

    A subsidiary of Ascent Capital Group, Inc., Monitronics is one of the nation’s largest and fastest-growing home security alarm monitoring companies. Headquartered in Dallas, it provides monitored home and business security system services to more than 1 million residential customer and commercial client accounts through its network of independent Authorized Dealers in the U.S., Canada and Puerto Rico. Monitronics’ 24/7 Alarm Response Center provides reliable and uninterrupted security monitoring service while consistently meeting or exceeding all UL, National Fire Protection Association and Central Station Alarm Association standards.

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     For more information, or to schedule an interview with Darin Anderson, please call Rob Phillips at 972-243-7443 x3029 or e-mail rphillips@monitronics.com

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    Monitronics International Completes Acquisition of Security Networks

    by Moni Blogger | Aug 16, 2013



    Englewood, CO – August 16, 2013 –
    Ascent Capital Group Inc. (“Ascent or the “Company”) (NASDAQ: ASCMA) announced today that its primary operating subsidiary, Monitronics International, Inc. (“Monitronics”), has completed the previously announced acquisition of Security Networks, LLC for total cash consideration of $482.9 million (after giving effect to certain closing adjustments) plus 253,333 newly issued shares of Ascent Series A common stock.

    The cash portion of the Security Networks purchase price was funded by cash on hand at Ascent 
    and new debt consisting of $103.5 million of Convertible Notes issued by Ascent, $175.0 million of New Senior Notes issued by Monitronics and an Incremental Term Loan of $225.0 million issued under Monitronics’ existing Credit Facility.

    About Ascent Capital Group, Inc.

    Ascent is a holding company and owns 100 percent of its operating subsidiary, 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.

    Monitronics Receives 2013 Consumers’ Choice Award®

    by Moni Blogger | Aug 14, 2013


    July 22, 2013 (DALLAS)—For the second consecutive year, Monitronics International, Inc. is the recipient of the Consumers’ Choice Award®[1] for excellence in business and customer service among Dallas-Fort Worth headquartered alarm system companies.

    Through a comprehensive and objective survey of consumers conducted by Survey Sampling International®, Monitronics is recognized in the categories of Home Alarm Security Systems and Business Security Alarm Systems.

    “This is once again a great honor for Monitronics to be recognized by our valued customers,” said Rob Washington, Monitronics’ Vice President of Customer Care. “We have an obligation to protect nearly one million customers 24 hours a day with best-in-class monitoring and excellent customer service. Our goal is to earn this award each year by continuing to earn their trust.”

    As the nation’s second-largest residential security provider, Monitronics offers monitored home and business security system services to more than 900,000 residential and commercial accounts through its network of independent Authorized Dealers in the U.S., Canada and Puerto Rico. Based in Dallas, Monitronics’ Customer Care center provides technical and billing support and equipment operating assistance. Its award-winning Alarm Response Center provides round-the-clock monitoring with Five Diamond Certification from the Central Alarm Association (CSAA).

    For over 25 years, the Consumers’ Choice Award® recognizes “Best in Class Businesses” for the quality of their service, value, professionalism and integrity. In addition to the objective survey conducted by Survey Sampling International, a global leader in consumer polling, a national regulatory law firm reviews the ethical standing of top voted businesses before they are recognized as Consumers’ Choice Award® recipients.

    About Monitronics International, Inc.

    A subsidiary of Ascent Capital Group, Inc., Monitronics is one of the nation’s largest and fastest-growing home security alarm monitoring companies. Monitronics’ 24/7 Alarm Response Center provides reliable and uninterrupted security monitoring service while consistently meeting or exceeding all UL, National Fire Protection Association and Central Station Alarm Association standards. Monitronics is also a three-time Frost & Sullivan Alarm Monitoring Company of the Year (2008, 2010, 2011).

    ###

     

    For more information, or to schedule an interview with Rob Washington, please call Rob Phillips at 972-243-7443 x3029 or e-mail rphillips@monitronics.com.



    [1] The Consumers’ Choice Award® and any associated trademarks, slogans and logos are the sole and exclusive property of Market Data Systems, Inc. and its affiliates. The Consumers’ Choice Award® does not sponsor, affiliate, or endorse these products and services. In 2013 Monitronics is recognized in the categories of (1) Home Alarm Security Systems – Headquartered in DFW and (2) Business Security Alarm Systems – Headquartered in DFW.

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    Ascent Capital Group Announces Financial Results for the Three and Six Months Ended June 30, 2013

    by Moni Blogger | Aug 14, 2013

    Englewood, CO – August 8, 2013 – Ascent Capital Group, Inc. (“Ascent” or the “Company”) (Nasdaq: ASCMA) has reported results for the three and six months ended June 30, 2013. Ascent is a holding company that owns Monitronics International, Inc. (“Monitronics”) one of the nation’s largest and fastest-growing home security alarm monitoring companies.

    Headquartered in Dallas, Texas, Monitronics provides security alarm monitoring services to more than 838,000 residential and commercial customers. Monitronics’ long-term monitoring contracts provide high margin recurring revenue that results in predictable and stable cash flow.

    Highlights[1]:

    • Ascent’s net revenue for the three and six months ended June 30, 2013 increased 22.8% and 22.5%, respectively, driven by growth in the number of subscriber accounts at Monitronics and the related increase in monthly recurring revenue
    • Ascent’s Adjusted EBITDA[2] for the three and six months ended June 30, 2013 increased 25.9% and 26.5%, respectively
    • Ascent’s balance sheet remains strong with $224.0 million of cash as of June 30, 2013
    • Monitronics’ Adjusted EBITDA for the three and six months ended June 30, 2013 increased 23.1% and 23.0%
      • Monitronics subscriber accounts as of June 30, 2013 increased 17.8% to 838,723
      • The growth in subscriber accounts reflects strong performance in the core account generation engine and bulk purchases of approximately 18,200 accounts in May 2013
      • Monitronics average monthly revenue per subscriber as of June 30, 2013 increased 5.3% to $39.98
    • Monitronics’ proposed acquisition of Security Networks, LLC continues as planned; transaction expected to close in mid-August
      • Successfully issued a $103.5 million convertible bond and a $175.0 million high yield bond in July and received commitments on $225.0 million of term loans which will be funded, subject to customary conditions, in conjunction with the closing of the Security Networks acquisition in mid-August
      • Acquisition will result in Monitronics eclipsing 1 million subscribers

    Ascent Chairman and Chief Executive Officer, Bill Fitzgerald stated, “I am very pleased with the Company’s performance in the second quarter and first half of 2013. Monitronics turned in another strong quarter, delivering over 20% growth in both revenue and Adjusted EBITDA.  I am also happy to report that the proposed acquisition of Security Networks continues to progress as expected. In July we took significant steps towards completing the necessary financing to fund the transaction and we remain on target for a mid-August close.  Looking ahead, we remain committed to exploring additional accretive acquisition opportunities within the alarm monitoring and related security industry.”

    Mike Haislip, President and Chief Executive Officer of Monitronics said, “Monitronics continued to deliver strong growth in the second quarter. Both revenue and Adjusted EBITDA increased a solid 23% and total subscriber accounts were up 17.8%, on strong growth in account acquisitions through our dealer program combined with 18,200 in bulk account purchases.”

    Mr. Haislip continued, “Our recently announced proposed acquisition of Security Networks will bring our total subscriber base to over 1 million accounts, and position the company very well for continued growth.  Because of its superior operating performance, strong growth profile and impressive and growing dealer affiliate network, we are confident Security Networks will be a strong complement to Monitronics’ existing operations. More importantly, the combination of two very successful home security industry leaders positions us for accelerated growth and ongoing strong profitability.”

    Three and Six Months Ended June 30, 2013 Results

    Ascent Capital Group, Inc.

    For the three months ended June 30, 2013, Ascent reported net revenue of $102.3 million, an increase of 22.8% compared to $83.3 million for the three months ended June 30, 2012. For the six months ended June 30, 2013 net revenue increased 22.5% to $202.4 million. The increase in net revenue for the three and six month time periods is primarily attributable to increases in Monitronics’ subscriber accounts and average monthly revenue per subscriber.

    Ascent’s total cost of services for the three and six months ended June 30, 2013 increased 36.9% and 37.2% to $15.6 million and $30.8 million, respectively. The increase for the three and six months ended June 30, 2013 is primarily due to an increased number of accounts monitored across the cellular network and having interactive and home automation services, resulting in higher operating and service costs.  

    Selling, general & administrative (“SG&A”) costs increased 19.3% to $21.5 million for the three months ended June 30, 2013 and increased 15.1% to $41.2 million for the first six months of 2013. The increase is primarily attributable to increases in Monitronics SG&A costs due to increased payroll expenses of approximately $616,000 and $1.6 million for the three and six months ended June 30, 2013, respectively, and increases in professional services expenses primarily related to $1.4 million of Security Networks Acquisition transaction costs. Additionally, Ascent’s consolidated stock-based compensation expense increased approximately $692,000 and $1.2 million for the three and six months ended June 30, 2013, related to restricted stock and option awards granted to certain employees.

    Ascent’s Adjusted EBITDA increased 25.9% to $71.2 million during the quarter and 26.5% to $142.5 million for the six months ended June 30, 2013. The increase in Adjusted EBITDA for the three and six months ended June 30, 2013 was primarily due to revenue and subscriber growth at Monitronics, partially offset by higher operating and service costs.

    Ascent reported net income from continuing operations for the three and six months ended June 30, 2013 of $212,000 and $2.5 million, respectively, compared to a net loss from continuing operations of $5.7 million and $10.7 million for the three and six months ended June 30, 2012.

    Monitronics International

    For the three months ended June 30, 2013, Monitronics reported net revenue of $102.3 million, an increase of 22.8% compared to $83.3 million for the three months ended June 30, 2012. For the six months ended June 30, 2013 net revenue increased 22.5% to $202.4 million. The increase in net revenue for the three and six month time periods is primarily attributable to a 17.8% increase in the number of subscriber accounts, a 24.0% increase in recurring monthly revenue to $33.5 million and a 5.3% increase in average monthly revenue per subscriber to $39.98 as of June 30, 2013.

    Monitronics’ total cost of services for the three and six months ended June 30, 2013 increased 36.9% and 37.2% to $15.6 million and $30.8 million, respectively. The increases are primarily due to an increased number of accounts monitored across the cellular network and having interactive and home automation services, resulting in higher operating and service costs.

    Monitronics’ SG&A costs increased 23.6% to $18.1 million for the three months ended June 30, 2013 and increased 17.3% to $34.0 million for the first six months of 2013. The increases are attributable to higher payroll expenses of approximately $616,000 and $1.6 million for the three and six months ended June 30, 2013, respectively, and increases in professional services expenses primarily related to $1.4 million of Security Networks Acquisition transaction costs incurred in the three and six months ended June 30, 2013.

    Monitronics’ Adjusted EBITDA for the three months ended June 30, 2013 was $70.4 million, an increase of 23.1% over the three months ended June 30, 2012. For the six months ended June 30, 2013, Monitronics’ Adjusted EBITDA increased 23.0% to $139.8 million. The increase in Adjusted EBITDA is primarily due to revenue and subscriber growth. Monitronics’ Adjusted EBITDA as a percentage of revenue was 68.8% in the second quarter of 2013, compared to 68.7% for the three months ended June 30, 2012. Monitronics’ Adjusted EBITDA as a percentage of revenue for the six months ended June 30, 2013 totaled 69.1%, compared to 68.8% for the prior year period.

    Monitronics reported net income for the three months ended June 30, 2013 of $592,000 compared to a net loss of $3.8 million in the prior year period. Net income for the six months ended June 30, 2013 was $1.9 million compared to a net loss of $7.5 million in the prior year period.

    The table below summarizes subscriber data for the twelve months ended June 30, 2013:

    For the three months ended June 30, 2013, Monitronics purchased 47,733 subscriber accounts, compared to the 26,358 subscriber accounts in the three months ended June 30, 2012. During the six months ended June 30, 2013 and 2012, Monitronics purchased 76,193 and 50,532 subscriber accounts, respectively. The account purchases for the three and six months ended June 30, 2013 include bulk buy purchases of approximately 18,200 accounts.

    Monitronics’ trailing twelve month attrition for the period ended June 30, 2013 increased to 12.5% compared to 11.7% for the twelve months ended June 30, 2012.

    Security Networks Transaction

    On July 10, 2013 Monitronics signed a definitive agreement to acquire Security Networks, LLC. The transaction consideration will consist of $487.5 million of cash and 253,333 newly issued shares of Ascent Series A common stock with an agreed value of $20 million. The purchase price is subject to adjustment at closing and is based upon Security Networks delivering recurring monthly revenue (as defined in the acquisition agreement, “Acquisition RMR”) of $8.8 million. The transaction will be financed primarily with new debt at the Ascent and Monitronics levels, as well as an incremental amount of cash from Ascent's balance sheet. The transaction is expected to close in mid-August 2013, subject to customary closing conditions, including regulatory approvals.

    The cash portion of the Security Networks Purchase Price will be funded by cash on hand at Ascent Capital and new debt, which is to consist of the $103.5 million of Convertible Notes issued by Ascent Capital, the $175.0 million New Senior Notes issued by Monitronics and the expected Incremental Term Loan of $225 million to be provided under Monitronics’ Credit Facility.  The Convertible Notes offering was completed on July 17, 2013 with the notes maturing on July 15, 2020 and bearing interest at 4.00% per annum from July 17, 2013.  Interest will be payable semi-annually on January 15 and July 15 of each year. 

    The New Senior Notes offering was completed on July 17, 2013 by Monitronics Escrow Corporation (the “Escrow Issuer”), a wholly-owned subsidiary of Ascent Capital, and the proceeds from this offering have been placed in escrow.  In connection with the completion of the Security Networks Acquisition, the Escrow Issuer will be merged into Monitronics and Monitronics will assume the New Senior Notes.  The New Senior Notes will mature on April 1, 2020 and bear interest at 9.125% per annum, with interest being payable semi-annually on April 1 and October 1 of each year. 

    Monitronics expects that the Incremental Term Loan will be entered into upon the closing of the Security Networks Acquisition.  Monitronics expects that the Incremental Term Loan will mature on March 23, 2018 and will bear interest based on LIBOR plus an applicable margin to be agreed, subject to a LIBOR floor to be agreed.  In addition, Monitronics has evaluated its borrowing capacity subsequent to the Security Networks Acquisition, upon which it expects to increase the borrowing available under Monitronics’ Credit Facility revolver by an amount equal to $75 million.

    Ascent Liquidity and Capital Resources

    At June 30, 2013, on a consolidated basis, Ascent had $84.1 million of cash and cash equivalents, $2.6 million of restricted cash, and $141.4 million of marketable securities on a consolidated basis.  The Company may use a portion of these assets to decrease debt obligations, fund stock repurchases, or fund potential strategic acquisitions or investment opportunities, including the Security Networks Acquisition.

    During the six months ended June 30, 2013, Monitronics used cash of $113.2 million to fund purchases of subscriber accounts net of holdback and guarantee obligations.

    At June 30, 2013, the existing long-term debt of Monitronics includes the principal balance of $1.1 billion under its Senior Notes, Credit Facility, and Credit Facility revolver. The Senior Notes have an outstanding principal balance of $410.0 million as of June 30, 2013 and mature on April 1, 2020. The Credit Facility term loan has an outstanding principal balance of $687.0 million as of June 30, 2013 and requires principal payments of approximately $1.7 million per quarter with the remaining outstanding balance becoming due on March 23, 2018. The Credit Facility revolver has an outstanding balance of $33.6 million as of June 30, 2013 and becomes due on December 22, 2017.

    Forward Looking Statements

    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies, acquisition opportunities, market potential, consumer demand for interactive and home automation services, the pending acquisition of Security Networks, the integration of acquired assets and businesses (including the consolidated performance of Monitronics after giving effect to the pending acquisition), the terms of the anticipated amendments to Monitronics’ Credit Facility (including the size of its revolver capacity), future financial prospects and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of our services, technological innovations in the alarm monitoring industry, competitive issues, Monitronics’ ability to complete the acquisition of Security Networks (including the completion of the acquisition financing), continued access to capital on terms acceptable to Ascent, our ability to capitalize on acquisition opportunities, general market and economic conditions, and changes in law and government regulations. These forward-looking statements speak only as of the date of this press release, and Ascent expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Ascent, including the most recent Form 10-K and 10-Q, for additional information about Ascent and about the risks and uncertainties related to Ascent’s business which may affect the statements made in this press release.

    About Ascent Capital Group, Inc.

    Ascent is a holding company and owns 100 percent of its operating subsidiary, 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.



    [1] Comparisons are year-over-year unless otherwise specified.

    [2] For a definition of Adjusted EBITDA and applicable reconciliations, see the Appendix to this release. Ascent’s net income for the three months and six ended June 30, 2013 totaled $65,000 and $2.8 million, respectively. Monitronics’ net income for the corresponding periods totaled $592,000 and $1.9 million, respectively.  


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    Ascent Capital Group Announces Financial Results For The Three Months Ended March 31, 2013

    by Moni Blogger | May 09, 2013

    Englewood, CO – May 9, 2013 – Ascent Capital Group, Inc. (“Ascent” or the “Company”) (Nasdaq: ASCMA) has reported results for the three months ended March 31, 2013. Ascent is a holding company that owns Monitronics International, Inc. (“Monitronics”), one of the nation’s largest and fastest-growing home security alarm monitoring companies.

    Headquartered in Dallas, Texas, Monitronics provides security alarm monitoring services to more than 818,000 residential and commercial customers as of March 31, 2013. Monitronics’ long-term monitoring contracts provide high margin recurring revenue that results in predictable and stable cash flow.

    Highlights1:

    • Ascent’s net revenue for the three months ended March 31, 2013 increased 22.3%, driven by increases in Monitronics’ subscriber accounts and increases in average recurring monthly revenue (RMR) per subscriber
    • Ascent’s Adjusted EBITDA2 for the three months ended March 31, 2013 increased 27.2%
    • Ascent’s balance sheet remains strong with $222.3 million of cash and marketable securities
    • Monitronics’ Adjusted EBITDA for the three months ended March 31, 2013 increased 22.9%
    Monitronics subscriber accounts as of March 31, 2013 increased 15.8% to 818,335
    Monitronics average RMR per subscriber as of March 31, 2013 increased 5.3% to $39.74
    • Monitronics completed the repricing of its Senior Secured Credit Facility and amended its interest rate swap arrangements
    Monitronics expects the repricing will result in a pro forma annualized interest expense savings of approximately $8.1 million

    Ascent Chairman and Chief Executive Officer, Bill Fitzgerald stated, “The business is off to a solid start in 2013 with Monitronics reporting strong double-digit growth in subscribers, revenue and Adjusted EBITDA in the first quarter. Monitronics also successfully completed the repricing of its Senior Secured Credit Facility which will provide significant annual cost savings as well as increased flexibility to invest in future growth.

    “At the holding company level, we remain focused on acquisitions in the alarm monitoring and related security industry and are confident we will identify and execute on new opportunities that will drive attractive returns for our shareholders.”

    Mike Haislip, President and Chief Executive Officer of Monitronics said, “We delivered another solid performance in the first quarter with 22 percent growth in revenue and 23 percent growth in Adjusted EBITDA. We also saw a 15.8% increase in total subscriber accounts. As previously predicted, attrition levels increased modestly in the quarter given the age of accounts in our portfolio and an increase in disconnects due to relocations as the housing market continues its recovery. Our predictive data indicates that we should expect an increase in attrition through the second and third quarters of 2013 before moderating in the fourth quarter. Finally, our suite of advanced services continued to be an attractive option for subscribers with 48 percent of new customers in the quarter signing up for some form of home automation or interactive services. Despite the increase in telecom and field service costs associated with these services, they continue to provide our business with strong revenue and RMR growth.”

    (1 Comparisons are year-over-year unless otherwise specified.)
    (2 For a definition of Adjusted EBITDA and applicable reconciliations, see the Appendix to this release. Ascent’s net income for the three months ended March 31, 2013 totaled $2.8 million compared to a net loss of $5.1 million for the three months ended March 31,
    2012.)

    Three Months Ended March 31, 2013 Results

    Ascent Capital Group, Inc.

    For the three months ended March 31, 2013, Ascent reported net revenue of $100.2 million, an increase of 22.3% compared to $81.9 million for the three months ended March 31, 2012. This increase in net revenue is primarily attributable to increases in Monitronics’ subscriber accounts and average RMR per subscriber.

    Ascent’s total cost of services for the three months ended March 31, 2013 increased 37.5% to $15.2 million. This increase is primarily due to an increased number of accounts monitored across the cellular network and a higher number of customers receiving interactive and home automation services, which result in higher operating and service costs.

    Selling, general & administrative (“SG&A”) costs for the three months ended March 31, 2013 increased 10.8% to $19.7 million, primarily attributable to increases in Monitronics SG&A expenses. The increase in Monitronics SG&A is primarily attributable to increased payroll expenses of approximately $1.0 million. Additionally, Ascent’s consolidated stock-based compensation expense increased approximately $528,000 over the corresponding prior year period, related to restricted stock and option awards granted to certain employees. For the three months ended March 31, 2013, Ascent’s Adjusted EBITDA increased 27.2% to $71.3 million. This increase in Adjusted EBITDA is primarily due to revenue growth at Monitronics, partially offset by higher operating and service costs.

    For the three months ended March 31, 2013, Ascent recorded a one-time pre-tax gain of $3.2 million related to the divestiture of an equity investment tied to the Company’s legacy businesses. Ascent also divested $1.1 million in legacy real estate assets resulting in a one-time pre-tax gain of $141,000 during the three months ended March 31, 2013.

    Ascent reported net income from continuing operations for the three months ended March 31, 2013 of $2.3 million, compared to a net loss of $4.9 million in the three months ended March 31, 2012.

    Monitronics International

    For the three months ended March 31, 2013, Monitronics reported net revenue of $100.2 million, an increase of 22.3% compared to $81.9 million for the three months ended March 31, 2012. The increase in net revenue is attributable to a 15.8% increase in the number of subscriber accounts and a 5.3% increase in average RMR per subscriber to $39.74 as of March 31, 2013.

    Monitronics’ total cost of services for the three months ended March 31, 2013 increased 37.5% to $15.2 million. The increase for the three months ended March 31, 2013 is primarily attributable to an increased number of accounts monitored across the cellular network and an increase in interactive and home automation services, resulting in higher operating and service costs.

    Monitronics SG&A costs for the three months ended March 31, 2013 increased 10.8% to $15.9 million compared to the prior year period. The increased Monitronics SG&A costs are primarily attributable to increased payroll expenses of approximately $1.0 million.

    Monitronics’ Adjusted EBITDA for the three months ended March 31, 2013 was $69.4 million, an increase of 22.9% over the three months ended March 31, 2012. The increase in Adjusted EBITDA for the quarter is primarily due to revenue and subscriber growth. Monitronics’ Adjusted EBITDA as a percentage of revenue was 69.3% in the first quarter of 2013, compared to 69.0% for the three months ended March 31, 2012.

    Monitronics reported net income for the three months ended March 31, 2013 of $1.3 million compared to a net loss of $3.8 million in the prior year period.

    For the three months ended March 31, 2013, Monitronics purchased 28,460 subscriber accounts, compared to 24,174 subscriber accounts in the three months ended March 31, 2012. Purchases from Monitronics’ core account generation engine, or the accounts that Monitronics buys from authorized dealers on a recurring basis, remained strong this quarter, up 11.5 percent over the same quarter in 2012.

    Monitronics’ trailing twelve month attrition for the period ended March 31, 2013 increased to 12.2% from 11.3% for the twelve months ended March 31, 2012. As expected, attrition levels increased due to the age of accounts in our portfolio and an increase in disconnections due to higher household relocations.

    Credit Facility Repricing

    On March 25, 2013, Monitronics completed the repricing of its Senior Secured Credit Facility, which is comprised of a $150.0 million revolver and a Term Loan B under which $688.8 million remains outstanding. The repriced facility will now have an interest rate of LIBOR plus 3.25% with a LIBOR floor of 1.00% for the Term Loan B and an interest rate of LIBOR plus 3.75% with a LIBOR floor of 1.00% for the revolver. Concurrently, Monitronics extended the maturity of its
    Senior Secured Revolving Credit Facility by nine months to December 22, 2017.

    In conjunction with the repricing, Monitronics also amended its interest rate swap arrangements resulting in a new weighted average fixed interest rate of 5.0% on its Term Loan B, as compared to 6.2% formerly. Monitronics expects that the repricing will result in pro forma annualized interest expense savings of approximately $8.1 million.

    Ascent Liquidity and Capital Resources

    At March 31, 2013, on a consolidated basis, Ascent had $100.4 million of cash and cash equivalents, $2.6 million of restricted cash and $142.9 million of marketable securities. The Company may use a portion of these assets to decrease debt obligations, fund stock repurchases, or fund strategic acquisitions or investment opportunities.

    During the three months ended March 31, 2013, Monitronics used cash of $46.0 million to fund purchases of subscriber accounts net of holdback and guarantee obligations.

    At March 31, 2013, the existing long-term debt of Monitronics includes the principal balance of $1.1 billion under its Senior Notes, Credit Facility, and Credit Revolver. The Senior Notes have an outstanding principal balance of $410.0 million as of March 31, 2013 and mature on April 1, 2020. The Credit Facility term loan has an outstanding principal balance of $688.8 million as of March 31, 2013 and requires principal payments of $1.7 million per quarter with the remaining outstanding balance becoming due on March 23, 2018. The Credit Facility revolver has an outstanding balance of $21.5 million as of March 31, 2013 and becomes due on December 22, 2017.

    Forward Looking Statements

    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies, acquisition opportunities, market potential, consumer demand for interactive and home automation services, the integration of acquired assets and businesses, estimated interest expense savings, future financial prospects and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of our services, technological innovations in the alarm monitoring industry, competitive issues, continued access to capital on terms acceptable to Ascent, our ability to capitalize on acquisition opportunities, general market and economic conditions, and changes in law and government regulations. These forward-looking statements speak only as of the date of this press release, and Ascent expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Ascent, including the most recent Form 10-K and 10-Q, for additional information about Ascent and about the risks and uncertainties related to Ascent’s business which may affect the statements made in this press release.

    About Ascent Capital Group, Inc.

    Ascent is a holding company and owns 100 percent of its operating subsidiary, 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.

    37 Comments

    Ascent Capital Group to Report First Quarter 2013 Results

    by Moni Blogger | Apr 25, 2013

    Englewood, CO – April 25, 2013 – Ascent Capital Group Inc. (“Ascent or the “Company”) (NASDAQ: ASCMA) will issue a press release to report its results for the three months ended March 31, 2013 after the market close on Thursday, May 9, 2013. The company will host a conference call that day at 5:00 p.m. ET in which management will provide an update on Ascent’s operations, including the financial performance of its wholly owned subsidiary, Monitronics International, Inc., and may discuss future opportunities.

    Participating on the call will be Ascent’s Chairman and Chief Executive Officer, Bill Fitzgerald; Senior Vice President and Chief Financial Officer, Mike Meyers; and Executive Vice President, Mike Haislip. Messrs. Haislip and Meyers are also executive officers of Monitronics.

    To access the call please dial (888) 462-5915 from the United States, or (760) 666-3831 from outside the U.S. The conference call I.D. number is 57694409. Participants should dial in 5 to 10 minutes before the scheduled time and must be on a touch-tone telephone to ask questions.

    A replay of the call can be accessed through May 16, 2013 by dialing (800) 585-8367 from the U.S., or (404) 537-3406 from outside the U.S. The conference call I.D. number is 57694409.

    This call will also be available as a live webcast which can be accessed at Ascent’s Investor Relations Website at http://www.ascentcapitalgroupinc.com/Investor-Relations.aspx.

    About Ascent Capital Group, Inc.

    Ascent is a holding company and owns 100 percent of its operating subsidiary, 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.

    23 Comments

    Ascent Capital Group's Subsidiary, Monitronics International, Completes Repricing of Credit Facility

    by Moni Blogger | Mar 25, 2013

    Englewood, CO - March 25, 2013 - Ascent Capital Group, Inc ("Ascent" or the "Company") (Nasdaq: ASCMA) announced today that its wholly-owned subsidiary, Monitronics International, Inc. ("Monitronics"), has completed the repricing of its Senior Secured Credit Facility, which is comprised of a $150 million revolver and a Term Loan B under which $691 million remains outstanding. The repriced facility will now have a reduced interest rate of LIBOR plus 3.25% with a LIBOR floor of 1.00% for the Term Loan B and a reduced interest rate of LIBOR plus 3.75% with a LIBOR floor of 1.00% for the revolver. Concurrently, Monitronics extended the maturity of its Senior Secured Revolving Credit Facility by nine months to December 22, 2017.

    In conjunction with the repricing, Monitronics also amended its interest rate swap arrangement resulting in a new fixed interest rate of 5.0%, as compared to 6.2% on the former Term Loan B. Monitronics expects that the repricing will result in a pro forma annualized interest expense savings of approximately $8.1 million.

    Mike Haislip, President and Chief Executive Officer of Monitronics International, said, “We are pleased with the results of this transaction, which significantly reduces our cost of debt and extends the maturity of our revolver. Our business will benefit from the annual cost savings as well as the financial flexibility it affords us to invest in future growth. We appreciate the continued strong support from our debt investors and our lenders.”

    Forward Looking Statements
    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about cost savings and market conditions and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market and economic conditions. These forward-looking statements speak only as of the date of this press release, and Ascent expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Ascent, including the most recent Form 10-K and 8-K, for additional information about Ascent and about the risks and uncertainties related to Ascent’s business which may affect the statements made in this press release.

    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.

    36 Comments

    Ascent Capital Group Announces Financial Results for the Three and Twelve Months Ended December 31, 2012

    by Moni Blogger | Feb 26, 2013

    Englewood, CO – February 26, 2013 - Ascent Capital Group, Inc. (“Ascent” or the “Company”) (Nasdaq: ASCMA) has reported results for the three and twelve months ended December 31, 2012. Ascent is a holding company that owns 
    Monitronics International, Inc. (“Monitronics”), one of the nation’s largest and fastest-growing home security alarm monitoring companies. 

    Headquartered in Dallas, Texas, Monitronics provides security alarm monitoring services to more than 810,000 residential and commercial customers as of December 31, 2012. Monitronics’ long-term monitoring contracts provide high margin recurring revenue that results in predictable and stable cash flow. 

    Highlights:1
     

    • Ascent’s net revenue for the three and twelve months ended December 31, 2012 increased 17.5% and 10.6%, respectively, driven by increases in Monitronics’ subscriber accounts and average recurring monthly revenue  (“RMR”) per subscriber 
    • Ascent’s Adjusted EBITDA2 for the three and twelve months ended December 31, 2012 increased 41.3% and 18.3% driven by strong revenue growth at Monitronics 
    • Ascent’s balance sheet remains strong with $217.6 million of cash and marketable securities at the holding company level as of December 31, 2012 
    • Monitronics’ Adjusted EBITDA for the three and twelve months ended December 31, 2012 increased 22.7% and 10.2%, respectively, driven by growth in subscriber accounts and average RMR 
    • Monitronics subscriber accounts as of December 31, 2012 increased 16.0% to 812,539 
    • Monitronics average RMR per subscriber increased 5.4% as of December 31, 2012 to $39.50 


    Ascent Chairman and Chief Executive Officer, Bill Fitzgerald stated, “I am extremely pleased with our performance in the fourth quarter and full year. The business delivered strong growth in net revenue and Adjusted EBITDA and we 
    successfully completed a large bulk purchase of accounts in the fourth quarter that provides us with strong incremental cash flow and positioned the business well as we moved into the new year.” 

    Monitronics 
    Mike Haislip, President and Chief Executive Officer of Monitronics said, “2012 was a strong year for our business. Growth in both full year revenue and Adjusted EBITDA topped 10 percent and we saw a 16 percent year over year 
    increase in total subscriber account growth driven in part by the successful purchase of 93,000 high quality subscriber accounts from Pinnacle Security. The acquired accounts feature 75 percent penetration of interactive services, which provides for a higher value customer and also drives increased RMR.” 

    Mr. Haislip continued, “As expected, attrition levels increased modestly in the quarter given the age of accounts in our portfolio and an increase in disconnects due to relocations driven by improvements in the housing market. In the near term, we expect to see modest increases in overall attrition levels as these trends continue. Our suite of advanced services also continues to be an attractive offering to consumers. Excluding accounts acquired in the Q4 bulk purchase from Pinnacle, over 37 percent of new customers in 2012 signed up for home automation or interactive services and we expect that percentage to continue to grow in 2013. While incremental telecom and field service costs associated with these services continue to place downward pressure on Adjusted EBITDA margins, the positive impact on net cash flow from these customers continues to drive strong revenues and RMR across the entire business.”


    1 Comparisons are year-over-year unless otherwise specified. 
    2 For a definition of Adjusted EBITDA and applicable reconciliations, see the Appendix to this release. Ascent’s net income (loss) from continuing 
    operations for the three and twelve months ended December 31, 2012 totaled $0.1 million and $(24.3) million, respectively. Monitronics’ net loss 
    for the corresponding periods totaled $3.4 million and $16.0 million, respectively.

    21 Comments

    Monitronics Wins Three 2013 Stevie Awards® for Sales and Customer Service

    by Moni Blogger | Feb 26, 2013



    February 26, 2013 – Monitronics International was presented with three Stevie® Awards (one Gold, two Bronze) Monday in Las Vegas at the seventh annual Stevie Awards for Sales & Customer Service.

    The Stevie Awards for Sales & Customer Service are the world’s top sales awards, contact center awards, and customer service awards. The Stevie Awards organizes several of the world’s leading business awards shows including the prestigious American Business AwardsSM and International Business AwardsSM.

    The awards were presented to honorees during a gala banquet on Monday, February 25 at the Paris Hotel in Las Vegas. More than 300 nominated customer service and sales executives from the U.S.A. and several other countries attended.

    The Business TalkRadio Network will broadcast a recording of the presentations this Wednesday, February 27, at 8:00 pm ET.

    Monitronics Dealer Marketing Manager Renee Mallonee and her team received a Gold Stevie Award in the Inbound Marketing Program of the Year category. Their winning 2012 ISC West campaign, entitled “You Have a Mission,” promoted the strengths of the Monitronics Dealer Program.

    "The ‘You Have a Mission’ campaign generated a high response rate at our 2012 ISC West tradeshow and helped drive strong leads for the Monitronics Dealer Program," said Bruce Mungiguerra, Vice President Operations at Monitronics. “We’re honored to win, and we look forward to another successful ISC West this April.”

    Monitronics’ Five Diamond Certified Alarm Response Center received a Bronze Stevie Award in the Contact Center of the Year (Over 100 Seats) - Business Services & Diversified Services category. Alarm Response Center Manager Sandy Rivers also won a Bronze Stevie Award in the Contact Center Manager of the Year category.

    “Sandy and the Alarm Response Center deployed several new strategies in 2012, resulting in a clear department vision, consistent alarm response times, and improved customer experience,” said Darin Anderson, Vice President of Monitoring Operations at Monitronics. “We appreciate this recognition and we will continue to demonstrate the highest level of commitment to our customers.”

    More than 100 members of eight specialized judging committees determined Stevie Award placements from among the Finalists during final judging this year.

    Details about the Stevie Awards for Sales & Customer Service and the list of Stevie winners in all categories are available at www.StevieAwards.com/sales.

    About Monitronics International
    A subsidiary of Ascent Capital Group, Inc., Monitronics is one of the nation’s largest and fastest-growing home security alarm monitoring companies. Headquartered in Dallas, it provides monitored home and business security system services to more than 900,000 residential customers and commercial clients through its network of independent Authorized Dealers in the U.S., Canada and Puerto Rico. Monitronics’ 24/7 Alarm Response Center provides reliable and uninterrupted security monitoring service while consistently meeting or exceeding all UL, National Fire Protection Association and Central Station Alarm Association standards. Monitronics is a three-time Frost & Sullivan Alarm Monitoring Company of the Year (2008, 2010, 2011) and recipient of the 2012 Consumers’ Choice Award®.

    About The Stevie Awards
    Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.StevieAwards.com.

    Sponsors and supporters of the 7th annual Stevie Awards for Sales & Customer Service include the Business TalkRadio Network, PrintingForLess.com, and ValueSelling Associates.

    23 Comments

    Ascent To Report Fourth Quarter and Full 2012 Results February 26, 2013

    by Moni Blogger | Feb 19, 2013

    Englewood, CO – February 19, 2013 – Ascent Capital Group Inc. (“Ascent or the “Company”) (NASDAQ: ASCMA) will issue a press release to report its results for the three and twelve months ended December 31, 2012 after the market close on Tuesday, February 26, 2013. The company will host a conference call that day at 5:00 p.m. ET in which management will provide an update on Ascent’s operations, including the financial performance of its wholly owned subsidiary, Monitronics International, Inc., and may discuss future opportunities.

    Participating on the call will be Ascent’s Chairman and Chief Executive Officer, Bill Fitzgerald; Senior Vice President and Chief Financial Officer, Mike Meyers; and Executive Vice President, Mike Haislip. Messrs. Haislip and Meyers are also executive officers of Monitronics.

    To access the call please dial (888) 462-5915 from the United States, or (760) 666-3831 from outside the U.S. The conference call I.D. number is 12497704. Participants should dial in 5 to 10 minutes before the scheduled time and must be on a touch-tone telephone to ask questions.

    A replay of the call can be accessed through March 5, 2013 by dialing (800) 585-8367 from the U.S., or (404) 537-3406 from outside the U.S. The conference call I.D. number is 12497704.

    This call will also be available as a live webcast which can be accessed at Ascent’s Investor Relations Website at http://www.ascentcapitalgroupinc.com/Investor-Relations.aspx.

    About Ascent Capital Group, Inc.
    Ascent is a holding company and owns 100 percent of its operating subsidiary, 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.

    20 Comments

    Monitronics' Alarm Response Center Named A Finalist In 2013 Stevie Awards®

    by Moni Blogger | Jan 25, 2013

    DALLAS – January 25, 2013 – Monitronics International has been named a Finalist in three categories in the seventh annual Stevie® Awards for Sales & Customer Service, and will ultimately be Gold, Silver, or Bronze Stevie Award winners in the program.

    The awards are presented by the Stevie Awards, which organizes several of the world’s leading business awards shows including the prestigious International Business Awards.

    The final results will be announced during a gala banquet on Monday, February 25 at the Paris Hotel in Las Vegas, Nevada. Finalists from the U.S.A. and several other nations are expected to attend.

    More than 1,100 entries from organizations of all sizes and in virtually every industry were submitted to this year’s competition, an increase of 10% over 2012. Finalists were determined by the average scores of 120 professionals worldwide, acting as preliminary judges. Entries were considered in 30 categories for customer service and contact center professionals, 41 categories for sales and business development professionals, and categories to recognize new products and services and solution providers.

    Monitronics’ Five Diamond Certified Alarm Response Center was named a finalist for Contact Center of the Year (Over 100 Seats). Alarm Response Center manager Sandy Rivers was named a finalist for Contact Center Manager of the Year.

    “This nomination demonstrates the highest level of commitment that Sandy and our entire Alarm Response Center team provides to Monitronics customers,” said Darin Anderson, Vice President of Monitoring Operations at Monitronics. “By engaging employees, streamlining processes, and leveraging technology, the Alarm Response Center has transformed itself into a customer centric department providing exemplary service for Monitronics. We are honored by this recognition, and we remain dedicated to protecting customers and their property.”

    Monitronics’ 2012 ISC West campaign, which promoted the strengths of its nationwide dealer program, also received finalist recognition for Inbound Marketing Program of the Year.

    "The ‘You Have a Mission’ campaign accomplished our goal of obtaining premium leads for our dealer program," said Bruce Mungiguerra, Vice President Operations at Monitronics. “It generated a high response rate at our 2012 ISC West tradeshow and creatively promoted Monitronics’ theme of ‘alliance’ with our dealers. We are honored to receive this nomination in addition to the well-deserved recognition of our Alarm Response Center team.”

    More than 100 members of several specialized judging committees will determine Stevie Award placements from among the Finalists during final judging, to take place January 28 - February 8.

    Details about the Stevie Awards for Sales & Customer Service and the list of Finalists in all categories are available at www.StevieAwards.com/Sales. 

    About Monitronics International
    A subsidiary of Ascent Capital Group, Inc., Monitronics is one of the nation’s largest and fastest-growing home security alarm monitoring companies. Headquartered in Dallas, it provides monitored home and business security system services to more than 800,000 residential customers and commercial clients through its network of independent Authorized Dealers in the U.S., Canada and Puerto Rico. Monitronics’ 24/7 Alarm Response Center provides reliable and uninterrupted security monitoring service while consistently meeting or exceeding all UL, National Fire Protection Association and Central Station Alarm Association standards. Monitronics is a three-time Frost & Sullivan Alarm Monitoring Company of the Year (2008, 2010, 2011).

    About The Stevie Awards
    Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.StevieAwards.com.

    Sponsors and supporters of the 7th annual Stevie Awards for Sales & Customer Service include the BusinessTalkRadio Network and ValueSelling Associates.

    61 Comments

    Ascent To Present At 2013 Citi Global Internet, Media & Telecom Conference

    by Moni Blogger | Jan 04, 2013

    ENGLEWOOD, Colo. – January 4, 2013 – Ascent Capital Group, Inc. (Nasdaq: ASCMA) announced today that it will present to the attendees of the 2013 Citi Global Internet, Media & Telecommunications Conference, being held on January 9, 2013 at the Bellagio Hotel in Las Vegas, Nevada at 10:30 am PST. Bill Fitzgerald, Chairman and Chief Executive Officer of Ascent Capital Group, and Michael Meyers, Chief Financial Officer of Ascent Capital Group and its subsidiary Monitronics International, Inc., will speak at the conference. During their presentations, Messrs. Fitzgerald and Meyers may make observations regarding the financial performance and outlook of both Ascent and Monitronics.

    During the event, a webcast and copy of management’s presentation will be made available on the Ascent investor relations website at http://ascentcapitalgroupinc.com/Investor-Relations.aspx.

    About Ascent Capital Group, Inc.
    Ascent is a holding company and owns 100 percent of its operating subsidiary, Monitronics International Inc., 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.

    47 Comments

    Monitronics Makes 2012 Top 100 Places to Work List

    by Moni Blogger | Nov 14, 2012

    Nov. 14, 2012 (DALLAS)—Monitronics International Inc., the nation’s second-largest residential security provider, has been voted to The Dallas Morning News’ list of “Top 100 Places to Work” in the Dallas-Fort Worth area.

    Nearly 300 companies agreed to participate in this year’s selection process. Questionnaires were sent to 120,023 of 162,259 employees in the participating companies, and 72,285 replies determined the 2012 rankings.

    Monitronics also made the list in 2011 as a first-time entry. This year, it was one of 30 selections in the “large company” category for firms with 500 or more employees in Dallas-Fort Worth.

    More than 700 Monitronics employees serve 800,000 residential customers and commercial clients. Over the last year Monitronics has focused internal efforts on further empowering employees to create a high-performance workplace.

    “Being named to the DMN Top 100 list this year means more to me because we achieved this honor while making a complete culture change in the organization,” said Lori Bishop, Vice President of Human Resources at Monitronics. “We were so focused on improving every metric in the company and our employees were an integral part of that.

    “Making the list during this incredible change process was confirmation that we are doing the right things to make our company a great place to work.”

    27 Comments

    Ascent Announces Financial Results for 3 and 9 Months Ended Sept. 30, 2012

    by Moni Blogger | Nov 14, 2012

    Nov. 14, 2012 (DALLAS)—Ascent Capital Group, Inc. ("Ascent" or the "Company") (Nasdaq: ASCMA) has reported results for the three and nine months ended Sept. 30, 2012. Ascent is a holding company that owns Monitronics International, Inc. ("Monitronics"), one of the nation's largest and fastest-growing home security alarm monitoring companies.

    For the three and nine months ended Sept. 30, 2012, Monitronics reported net revenue of $84.7 million and $249.9 million – increases of 6.5 percent and 8.2 percent, respectively. The increase in net revenue for the three and nine months ended Sept. 30, 2012 is primarily attributable to a 2.9-percent increase in Monitronics' subscriber accounts and a 2.8-percent increase in average RMR per subscriber to $38.28 as compared to Sept. 30, 2011. Monitronics' Adjusted EBITDA2 for the three and nine months ended Sept. 30, 2012 increased 3.1 percent and 6.1 percent, respectively, driven by growth in subscriber accounts and average RMR.

    Monitronics’ subscriber accounts as of Sept. 30, 2012 increased 2.9 percent to 717,488. It acquired 93,000 subscriber accounts on Oct. 30, 2012 for approximately $131 million (after giving effect to certain purchase price adjustments), which increased its total subscriber base 13 percent to 810,000 accounts as of Sept. 30, 2012 on a Pro Forma basis.

    "We are pleased to deliver another strong performance this quarter,” said Mike Haislip, President and Chief Executive Officer of Monitronics. “We posted solid growth in revenue and Adjusted EBITDA and purchased over 31,000 high quality accounts in the third quarter. Our interactive and home automation services continue to gain ground amongst our subscribers with over 40 percent of new customers signing on for advanced services during the quarter.

    “While there are incremental telecom and field service costs associated with advanced services, these accounts provide for a higher value customer and drive increased levels of RMR. As expected, attrition levels increased modestly given the age of accounts in our portfolio and the increase in disconnects due to relocations which we believe are driven by improvements in the housing market."

    Ascent Chairman and Chief Executive Officer Bill Fitzgerald stated, "Our results for the third quarter once again illustrate the strength of the Monitronics business model. We are also pleased to have recently completed a significant bulk purchase of accounts, which will provide strong incremental cash flow for the business.

    "At the holding company level, we continue to actively explore additional accretive acquisition opportunities within the alarm monitoring and related security industry."

    35 Comments

    Monitronics Receives 2012 Consumers' Choice Award®

    by Moni Blogger | Nov 12, 2012

    Nov. 12, 2012 (DALLAS)—Monitronics International Inc., the nation’s second-largest residential security provider, has received the 2012 Consumers’ Choice Award® for excellence in business and customer service among Dallas-Fort Worth headquartered alarm system companies.

    Based in Dallas, Monitronics provides monitored home and business security system services to more than 800,000 residential customers and commercial clients through its network of independent Authorized Dealers in the U.S., Canada and Puerto Rico.

    Monitronics is a three-time Frost & Sullivan Alarm Monitoring Company of the Year (2008, 2010, 2011) and one of the first home security companies selected to implement the Automated Secure Alarm Protocol (ASAP) system for improving 911 accuracy and response times.

    “We are honored to receive the 2012 Consumers’ Choice Award and to be recognized by the most important judges of all – our valued customers,” said Rob Washington, Monitronics Vice President of Customer Care. “Monitronics is committed to protecting customers and their property with industry-leading technology, the fastest response times and the highest-quality customer service.”

    Now in its 25th year overall and its seventh in the DFW area, the Consumers’ Choice Award® recognizes “Best in Class Businesses” for the quality of their service, value, professionalism and integrity.

    Winners are determined by consumers through a comprehensive and objective survey conducted by Survey Sampling International (SSI), a global leader in consumer polling. In addition, a national regulatory law firm reviews the ethical standing of top voted businesses before they are recognized as Consumers’ Choice Award® recipients.

    32 Comments

    Monitronics Honored for Putting a Dent in False Alarms

    by Moni Blogger | Apr 14, 2011

    April 14, 2011—DALLAS, TX—Home security alarm provider Monitronics is delighted to announce that it has been awarded the prestigious FARA (False Alarm Reduction Association) Industry False Alarm Reduction Achievement 
    Award. FARA presented the award to Monitronics at their annual convention this year in San Antonio, Texas.

    Monitronics is recognized this year as a result of significantly reducing false alarms from 0.67% to 0.5% through several major programs beginning in August 2010. The company was chosen for the award by a group from across 
    the US and Canada which consisted of public safety officials, peers in the industry, and alarm association representatives. 

    “One of our industry’s basic challenges is false alarms; our ultimate goal is to positively impact how quickly emergency responders can reach victims during actual emergencies. The fact that FARA recognizes our efforts is an honor,” said Mary Jensby, Monitronics Central Station Director. “Our programs only work if every single member of our team is on board, that’s why this award represents our entire company and not just one person.”

    “The effort Monitronics has put in to reducing false alarms is impressive,” said Brad Shipp, FARA Executive Director. “Our members voted to recognize them with this year’s Achievement Award because they have implemented a plan to attack false alarms that has shown noticeable results in several jurisdictions across the US. If every monitoring center followed a similar plan, we would not have such a significant problem with false alarms.”

    This year marks Monitronics’ first year with the association and its first year of taking on false alarms. The company promises to continue to work with public safety officials, customers, and the industry to combat false 
    alarms.

    9 Comments

    Power Home Technologies Joins Monitronics Dealer Program

    by Moni Blogger | Mar 24, 2011

    March 24, 2011—Raleigh, NC—Power Home Technologies has opted to pursue its own identity with a move to Monitronics International’s dealer program. The partnership will provide Power Home Technology the ability to build on their unparalleled record of success. 

    Since 2004, Power Home Technologies has installed more than 30,000 security systems under another program’s name and logo. They chose to make the move to Monitronics to have the flexibility of cultivating their own brand 
    identity. The company projects that the enhanced branding will create new sales and recruiting opportunities, allowing it to double its historical sales volumes.

    “Being part of the Monitronics program allows dealers the opportunity to brand their companies in a way that  works best for their business,” said Bruce Mungiguerra, Monitronics Vice President of Sales and Dealer Development, “we’re here to support them in every way possible.”

    As part of the transition to Monitronics, Power Home Technologies has contracted with Interlogix, TRI-ED, and Alarm.com. With the combination that these contracts offer, Power Home Technologies can offer a new and larger 
    variety of products and services to its customers.

    To kick-off the partnership, Power Home Technologies’ 32 member leadership team arrived at Monitronics’ headquarters on March 21 to attend the official two-day, high-energy training program: Moni X. Mungiguerra said, “We were pleased to bring the team to Dallas to meet everyone and get acclimated to our program with the best dealer training in the industry.” 

    “Joining Monitronics’ dealer program allows us to provide our customers with the best monitoring so we can focus on our customers locally,” said Ben Brookhart, Power Home Technologies CEO. “We look forward to future growth 
    that this partnership will bring to both our companies.”

    16025 Comments

    Monitronics Receives Prestigious Industry Award from Frost & Sullivan

    by Moni Blogger | Dec 20, 2010

    MOUNTAIN VIEW, Calif. - December 20, 2010 - Based on its recent analysis of the alarm monitoring residential security market, Frost & Sullivan is recognizing Monitronics International, Inc. with the 2010 North American Frost & Sullivan Award for Company of the Year. Despite the impact of the global financial crisis and downturn in the security industry, Monitronics has consistently grown based on its industry-leading qualities.

    Frost & Sullivan Senior Research Analyst Neelima Sagar. "The company's key differentiators are flexibility, reliability, enhanced customer service, and responsiveness."

    The robust performance of Monitronics' highly qualified, dedicated dealer network of about 700, which receives rigorous training in best practices, provides valuable support to its clients. As a result, the company's revenues grew from $207.7 million in 2008 to $234.4 million in 2009, an outstanding growth rate of 12.5 percent. The company expects to report continued strong sales growth and to increase its international reach and strengthen its position as the leader in the security market.

    Besides its existing range of alarm monitoring products, Monitronics continuously upgrades the existing product portfolio to stay ahead of the competition. The company's most recent endeavor is the FACT (False Alarm Control Team), which targets false alarm reduction. Since its inception, the team has decreased false alarms by 16.8 percent.

    The company also offers customized security solutions and services to meet specific requirements of the customers. For example, Monitronics' initiative to purchase MASterMind, a leading application suite from GE Security, has reinforced its position as a reliable alarm monitoring service provider in the market. The new application is deployed on IBM BladeCenter®, IBM eServerTM xSeries®, IBM System xTM servers along with IBM System Storage™ and IBM TotalStorage® hardware and IBM Tivoli® Storage Manager software.

    Monitronics makes constant efforts to educate its staff to ensure a high level of professionalism among its employees. The company received recognition as a Five-Diamond certified monitoring station from the Central Station Alarm Association for the past five years. It is also a UL-listed central station that can service its entire nationwide account commitments. These certifications ensure that Monitronics alarm monitoring operations is one of the best in the industry.

    The ability to provide alarm system monitoring for 750,000 residential, small business, corporate, and government customers by itself has allowed Monitronics to experiment with innovative ways of offering services to customers.

    "In the North American alarm monitoring market, fast response time, excellent customer service, and stringent quality are the primary factors that decide a company's success," says Mitch Clarke, Vice President of Marketing at Monitronics. "Monitronics has gained a keen understanding of customers' needs and has found an effective and efficient method to support more customers and grow the business."

    While its competitors have tried various strategies to retain customers and capture larger market share, their lack of commitment and dedication to offer added-services to an existing contract or extend it at the end of its life prove to be a major challenge. Monitronics has succeeded because of its commitment to excellence and responsiveness, and also because of its unique business model. The company, therefore, has a market presence rivaled only by few established service providers.

    These factors make Monitronics the worthy recipient of the 2010 
    Frost & Sullivan Company of the Year award in the North American alarm monitoring residential security market. Each year, Frost & Sullivan presents this award to the company that has demonstrated great growth strategies and implementation. The award lauds the recipient's innovation in business processes, products and/or technologies to garner leadership in customer value and market penetration.

    Frost & Sullivan's
     Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

    About Monitronics International, Inc.

    Founded in 1994, Monitronics International is one of the nation's largest, fastest-growing business and home alarm system monitoring companies. Headquartered in Dallas, Monitronics provides security monitoring services to more than 750,000 residential customers and commercial clients through its network of independent Authorized Dealers in the U.S., Canada, and Puerto Rico. As the recipient of the 2008 and 2010 Frost & Sullivan Company of the Year, Monitronics is a recognized leader in the industry and earns the trust of its customers every day.

    About Frost & Sullivan

    Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.awards.frost.com.

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    Ascent Media Corporation Acquires Monitronics

    by Moni Blogger | Dec 17, 2010

    Englewood, CO – December 17, 2010 - Ascent Media Corporation (“Ascent” or the “Company”) (Nasdaq: ASCMA) today announced it has acquired Monitronics International, Inc. (“Monitronics”), one of the nation’s largest and fastest-growing security monitoring companies. The transaction was valued at approximately $1.2 billion, exclusive of certain hedge related and other liabilities but including the assumption of Monitronics’ existing structured financing. The cash portion of the merger consideration comprised an aggregate of $413 million and was funded by Ascent from cash on hand and $105 million in borrowings under a new $175 million credit facility. 

    Headquartered in Dallas, Texas, Monitronics provides monitored business and home security system services to more than 665,000 residential and commercial customers. Monitronics’ longterm monitoring contracts provide high margin, monthly recurring revenues that result in predictable and stable cash flow. Monitronics delivered revenue of $272 million and EBITDA of $187 million in its fiscal year ended June 30, 2010, increases of 16% and 22% respectively over 2009. In the 12 years from fiscal year ended June 30, 1998 to fiscal year ended June 30, 2010, Monitronics generated 22% compounded annual growth of revenue, making it one of the fastest growing companies in the industry. 

    Ascent’s Chief Executive Officer, William Fitzgerald commented, “We are pleased to announce this transaction which addresses AMC’s stated objective of acquiring an operating company with proven management that exhibits an impressive track record of success; a subscription-based business that delivers solid, predictable revenue and cash flow; and a business capable of sustaining growth in varying economic conditions. Monitronics, with its 16 consecutive years of revenue and EBITDA growth, meets all of these criteria. We look forward to the ongoing success of Monitronics under the continued stewardship of Mike Haislip, Mike Meyers and the entire Monitronics team and are confident that this transaction will provide attractive returns.

    Unlike traditional security monitoring business models, Monitronics utilizes an exclusive nationwide dealer network to sell, install and service the security systems it monitors. Monitronics purchases monitoring contracts from dealers and provides subscribers with a full spectrum of security alarm services including monitoring, customer service and technical support. The dealer-based business model allows Monitronics to grow its subscriber base without employing a national sales and installation force. Additionally, Monitronics outsources on-site technical support to its dealer network, further reducing expenses and driving recurring high margin revenue. The net result has been strong operating cash flow and the generation of high EBITDA margins which reached 68.6% in the fiscal year ended June 30, 2010. 

    Monitronics recently was the recipient of the 2010 Frost & Sullivan Company of the Year award in the North American alarm monitoring residential security market, a reflection of the Company’s great growth strategy and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. 

    Mike Haislip, President and CEO of Monitronics stated, “This is an opportunistic time to participate in the security monitoring industry and the transaction with Ascent provides Monitronics with a fantastic platform to further strengthen our leadership position in the $29 billion security market. Our unique business model that starts with our dealer network, allows us to build our subscriber base and scale the business, generating margins that can’t easily be matched by others in the industry. We look forward to working with Ascent on our growth plans and believe it will result in strong value creation for customers, shareholders and other stakeholders.” 

    Haislip added, “We would also like to thank ABRY for their ownership and support over the years. It was with their exceptional operational expertise and smart financial backing that we were able to build Monitronics into the company that it is today.”

     

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