History of Comcast Corporation
In 1963, after purchasing a single cable television system in Tupelo, MS, Ralph Roberts established the biggest cable television corporation in the U.S. In 1972, the company made its official debut. In 2002, Comcast merged with AT&T Broadband. Ralph Robert is currently Chairman of the Executive Committee at Comcast and his son is the Chairman and CEO.
Comcast Business Highlights
Today Comcast is America's top supplier of cable TV, broadband services. The company provides cable TV to more than 21.4 million customers, high-speed Internet to 8.5 million customers and phone services to 1.3 million customers in 35 states and the District of Columbia. In principal, the corporation focuses on development, management and operation of broadband communications network. The company runs its business in three segments, which are Cable, Commerce and Content. Besides cable TV and broadband, customers can also subscribe to on-demand movies and entertainment services. Comcast also owns and investments in several cable channels including E! Entertainment Television, Style Network, The Golf Channel, Outdoor Life Network, G4, AZN Television, TV One and four Comcast SportsNets. There are 80,000 employees with the company, 18,000 in the content divisions and 62,000 in cable operations. In 2005, Comcast had revenues of $22.2 billion, up nearly 10% from the previous year, and net income of $928 million.