Comcast

Comcast Corporation, {{nasdaq|CMCSA}} based in Philadelphia, Pennsylvania is the largest cable company in the United States. They develop broadband cable networks and are involved in electronic retailing and television programming content.

History

Comcast was founded in 1963 by Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky in Tupelo, Mississippi. The company was incorporated in Pennsylvania in 1969, under the name Comcast Corporation from American Cable Systems.

Related Topics:
1963 - Ralph J. Roberts - Daniel Aaron - Julian A. Brodsky - Tupelo, Mississippi - Pennsylvania - 1969

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Moving into the area of programming content, Comcast became majority owner of Comcast-Spectacor, Comcast SportsNet (in Chicago, Philadelphia, Washington/Baltimore metro and Sacramento, California), E! Entertainment Television, Style Network, G4, The Golf Channel and OLN (formerly known as Outdoor Life Network) over a period of years. In 2006, Comcast will start a new sports channel in cooperation with Major League Baseball's New York Mets in the greater New York City region.

Related Topics:
Comcast-Spectacor - Comcast SportsNet - E! Entertainment Television - Style Network - G4 - The Golf Channel - OLN - 2006 - Major League Baseball - New York Mets - New York City

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The UK division was sold to NTL in 1998. 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.

Related Topics:
NTL - 1998 - SBC Communications - 1999 - MediaOne

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The company employs over 70,000 people.

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In 2002, Comcast paid the University of Maryland an undisclosed amount for naming rights to the new basketball arena built on the College Park campus, named Comcast Center.

Related Topics:
University of Maryland - Naming rights - Basketball - Comcast Center

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