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Comcast Corporation
Traded as
Mass media
When it was createdJune 28, 1963; 56 years ago (1963-06-28)
Tupelo, Mississippi, United States
People who started itRalph J. Roberts
Daniel Aaron[3]
Julian A. Brodsky
Area servedWorldwide[4]
Key people
Things made
Money earnedIncrease US$ 74.51 billion (2015)[6]
Operating incomeIncrease US$ 16.00 billion (2015)[6]
Net incomeDecrease US$ 8.16 billion (2015)[6]
Total assetsIncrease US$ 166.57 billion (2015)[6]
Total equityIncrease US$ 52.27 billion (2015)[6]
Employees153,000 (Dec 2015)[7]
DivisionsComcast Cable

Comcast Corporation is the biggest cable television company, the second biggest Internet service provider and the third biggest telephone company in the United States.[9][10][11]

In 2007, Comcast was accused of bandwidth throttling, or the provider slowing the internet connection they have, by its customers. The FCC has launched an investigation regarding the situation.

On January 28, 2011, Comcast bought 51 percent of NBCUniversal (owner of NBC and Universal Studios) from General Electric, but Comcast owns 51 percent of NBCUniversal while General Electric remains 49 percent of NBCUniversal until 2013. In March 2013, Comcast completed the purchase by acquiring the remaining 49 percent of NBCUniversal from General Electric.

In February 2014, Comcast settled a deal to purchase the second largest cable television provider, Time Warner Cable for $45 billion USD.

On April 28, 2016, Comcast NBCUniversal annnounced that it would acquire DreamWorks Animation for $3.8 billion. The Comcast NBCUniversal-DreamWorks Animation acquisition was completed on August 22, 2016.

Comcast offers cable TV, High Speed Internet, telephone and home security. Their products are branded as Xfinity.

References[change | change source]

  1. "Comcast bids for Disney". Retrieved November 5, 2016.
  2. "CMCSK:US". Retrieved November 5, 2016.
  3. "Comcast Corporation - Other".
  4. IfM - Comcast/NBCUniversal, LLC. Institute of Media and Communications Policy (undated). Retrieved on June 11, 2015.
  5. "People: Comcast Corp (CMCSA.OQ)". Reuters. Retrieved February 22, 2014.
  6. 6.0 6.1 6.2 6.3 6.4 "COMCAST CORP 2015 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 5, 2016.
  7. "Comcast, Form 10-K, Annual Report, Filing Date Feb 05, 2016". Retrieved February 8, 2016.
  8. Valuentum (June 21, 2016). "Comcast Impresses With Free Cash Flow Generation".
  9. National Cable & Telecommunications Association, Top 25 MSOs - As of March 2007
  10. "How to Build your Own VPN? Setup your own Virtual Private Network". Hardware Central. March 25, 2018.
  11. "Comcast Now Third Largest Phone Company", DSL Reports, 2009, retrieved March 19, 2010

Other websites[change | change source]