Home > Comcast

Comcast was founded in 1963 by Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky. The company was incorporated in Pennsylvania in 1969, under the name Comcast Corporation from American Cable Systems. The company has traded on the NASDAQ since 1972 and are currently offered under the ticker symbols [http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol= }&selected= } }] and [http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol= }&selected= } }].

Comcast bought 25% of Group W Cable in 1986, doubling their size. Two years later, they bought a 50% share in Storer Communications, Inc. They bought the American Cellular Network Corporation the same year before combining with Metrophone in 1990. Comcast became the third largest cable operator in 1994 following their purchase of Maclean Hunter's. Comcast owned the majority of the electronic retailer QVC from 1995 until 2004 when its share was sold to Liberty Media. Following other acquisitions, MicrosoftMicrosoft Corporation , headquartered in Redmond, Washington, USA, is the world's largest software company (with over 50,000 employees in various countries, as of May 2004). Microsoft develops, manufactures, licenses and supports a wide range of software invested $1 billion in Comcast in 19971997 was a common year starting on Wednesday (see link for calendar), and was designated the International Year of the Reef''. Events January January 3 NBC's Today Show Bryant Gumbel signs off for the last time January 8 Mister Rogers receives a star on t.

Moving into the area of programming content, Comcast became majority owner of Comcast-Spectacor , Comcast SportsNet (in Philadelphia and Washington, DC), E! Entertainment Television and Style NetworkThe Style Network is an American cable television network based in Los Angeles, California. It is part of a group of channels owned by E! Entertainment Television Inc. Style programming is dedicated to fashion, design, interior decoration, and trendy urba, G4, The Golf Channel and the Outdoor Life NetworkThe Outdoor Life Network OLN is a cable television channel owned by Comcast. Its programming is an unusual mix of extreme sports, more sedate fare like hunting, and, most notably, coverage of professional cycling. OLN currently owns the American rights to over a period of years.

The UK division was sold to NTLNTL is a US listed company providing cable services. It is listed on the NYSE, but does the majority of its business in the UK and Ireland, but also has divisions in Europe, Australia and South East Asia. Company Structure The company is called NTL Group in 19981998 was a common year starting on Thursday (see link for calendar), and was designated the International Year of the Ocean''. Events January January 1998 A massive ice storm, caused by El Nino, strikes New England, southern Ontario and Quebec, resulting. After the sale of their cellular division to SBC Communications of San Antonio and the acquisition of Greater Philadelphia Cablevision in 1999, Comcast and MediaOne announced a $60 billion merger which did not occur until three years later.

In 2001, Comcast announced they would acquire the assets of AT&T Broadband (AT&T's cable TV service). In 2002 Comcast acquired all assets of AT&T Broadband thus making Comcast the largest cable television company in the United States.

The company employs 60,000 staff and is now headed by Brian L. Roberts,son of Ralph J. Roberts.

On February 11, 2004, Comcast surprised the media industry by announcing an unsolicited $66 billion bid for The Walt Disney Company, a deal that would make Comcast the largest media conglomerate in the world. After rejection by Disney and uncertain response from investors, the bid was abandoned in April.