Comcast Net Worth is$79.8 B
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deserves the money?
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Logo: Image:Comcast Logo.svg
Type: Public company
Traded As: CMCSA, CMCSK, S&P 500''
Foundation: Tupelo, Mississippi, (June 28, 1963)
Founder: Ralph J. Roberts, Julian A. Brodsky
Location: Comcast Center (Philadelphia),
Area Served: Nationwide
Key People: Brian L. Roberts,
Products: '''Xfinity''', Broadcasting, radio
Industry: Telecommunications, Mass media
Revenue: {{increase US$ 55.842 billion (2011) Operating Income: net income
Assets: equity
Num Employees: 126,000 (2011) Subsid: NBCUniversal (51% share in a joint venture with General Electric), Comcast-Spectacor (63%, remaining stock owned by chair Ed Snider)
Homepage: www.comcast.com
Comcast Corporation (NASDAQ: CMCSA, CMCSK) is the largest cable operator, one of the biggest media conglomerates, home Internet service provider, and third largest home telephone service provider in the United States, providing cable television, broadband Internet, telephone service and in some areas home security (including burglar alarms, surveillance cameras, fire alarms and home automation) to both residential and commercial customers in 40 states and the District of Columbia.
The company is headquartered in Philadelphia, Pennsylvania. Comcast also has significant holding in several cable networks (including E! Entertainment Television, Style Network, G4, The Golf Channel and NBC Sports Network), distribution (ThePlatform), and related businesses. Comcast acquired a majority stake in media conglomerate NBCUniversal in January 2011. Comcast has been the subject of criticism for activities including its stance on net neutrality, as well as poor results on customer satisfaction surveys.
Comcast Cable was originally formed as American Cable Systems in 1963 and was founded by Ralph J. Roberts, Daniel Aaron and Julian A. Brodsky based on a recommendation from Pete Musser, who brought the deal to Ralph Roberts to buy his first cable system in Tupelo, Mississippi. The company was incorporated in Pennsylvania in 1969, under the new name Comcast Corporation.[dead link] The name "Comcast" is a portmanteau of the words "Communication" and "Broadcast".
Over a number of years, Comcast became majority owner of Spectacor (renamed to Comcast Spectacor), Comcast SportsNet (in Chicago, Michigan, Philadelphia, Washington DC/Baltimore, New England, the San Francisco Bay Area, the Pacific Northwest and metro Sacramento), as well as E! Entertainment Television, Style Network, G4, The Golf Channel and NBC Sports Network (formerly the Outdoor Life Network, then Versus). In 2006, Comcast started a new sports channela??SportsNet New Yorka??in the greater New York City region, in

Comcast Net Worth, 2.0 out of 5 based on 8 ratings

Comcast Latest News

Comcast CEO "Cautiously Optimistic" on Approval for Time Warner Cable Acquisition

Comcast CEO Brian Roberts on Tuesday said he was "cautiously optimistic" that his company's proposed acquisition of Time Warner Cable would get the regulatory approval needed so that the transaction could close next year. Shareholders for both companies ...
Posted: September 16, 2014, 9:32 pm

Why a thinly sourced, unverified report about Comcast has the Web in an uproar

In the last 24 hours, Comcast has been embroiled in a minor controversy concerning countless subscribers who use Tor, the traffic-anonymizing service designed to hide your Web activity from would-be snoops. According to a report on a Web site known as Deep ...
Posted: September 16, 2014, 9:17 am

Comcast CEO “Cautiously Optimistic” He Can Shove TWC Merger Down Regulators’ Throats

We’re still months away from the FCC and the Justice Dept. completing their reviews (and hopefully putting the brakes on) the merger between the nation’s two largest cable companies. And even though the initial questions being asked by regulators show ...
Posted: September 17, 2014, 6:02 am
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