May 17, 1989 |
Comcast Corp., the cable-television firm, which moved to Philadelphia from Bala Cynwyd Monday, has reported its usual combination of increased cash flow and a net loss for the first quarter of 1989. The firm's operating cash flow, which measures income before interest, depreciation, amortization and income taxes, increased 31 percent compared with the same period in 1988. Cash flow is considered a key measure of financial performance in the cable-television industry because such firms must borrow heavily to finance capital improvements and acquisitions of new systems.
December 3, 2010 |
Comcast Corp. has eliminated a cable-division headquarters in Oaks, Montgomery County, which could affect about 150 employees. Cable operations in Pennsylvania and in the Washington area will now report to a division headquarters in the Boston area. The news was disclosed internally to employees. "Some functions may remain at Oaks, and there is no plan at this time to close Oaks down," said Comcast spokeswoman Beth Bacha. Comcast expects the "vast majority" of employees with Oaks-based jobs to be absorbed into other Comcast offices in the Philadelphia area or other places, the company said.
March 8, 2011
Comcast Corp. has chosen Burrell Communications, of Chicago, as its advertising agency of record to market its products and services to African American consumers. As part of its deal to acquire control of news and entertainment giant NBC Universal Inc., Comcast has separately agreed to add four cable networks owned, or partly owned, by African Americans over the next eight years. - Bob Fernandez
January 15, 2013
Comcast Corp. agreed to take a $150-million stake in Arris Group Inc., the telecom equipment supplier that last month agreed to buy Horsham-based set-top box maker Motorola Home from Google Inc. As a result, according to Arris, Comcast and Google will each own about 7.85 percent of Arris shares. Arris in December said it would buy Motorola Home in a deal valued at $2.35 billion in cash and stock. - Reid Kanaley
May 28, 2011 |
Bloomberg L.P., the New York financial-information and news giant, has threatened to file a complaint with the Federal Communications Commission that would force Comcast Corp. to relocate Bloomberg TV to an area on the cable-channel lineup with other news channels. Bloomberg says this "neighborhooding" provision is in the 280- page FCC order in January that allowed Comcast to acquire control of NBC Universal Inc. Comcast is ignoring the provision, Bloomberg contends. Neighborhooding refers to grouping together similar channels, such as CNN, CNBC, Fox News, and MSNBC.
September 21, 2012 |
After a slow start, Comcast Corp. says it has enrolled 100,000 poor families nationwide into its discounted Internet program. There are about 1,450 families in Philadelphia participating, triple the number from late last year. Internet Essentials - offering Internet service at a 79 percent discount, or $9.95 a month, to families with school-age children - remains a work in progress, Comcast says. The company is holding news conferences around the nation, and one event is scheduled Friday morning at Constitution High School in Philadelphia.
March 7, 2011 |
With its cable-TV and Internet service passing an estimated five million Hispanic households in the United States, Comcast Corp. on Monday launched a national marketing campaign for its muscled-up offerings of Hispanic channels and a Spanish-language XfinityTV.com website. The nation's largest cable company has sizable cable-TV franchise areas in Miami, Chicago, Houston and Philadelphia - metro areas with significant Hispanic populations - and has said that as it makes more bandwidth available on its cable-TV network it will broaden its Hispanic entertainment and news.
December 23, 2008
RE TOM SPEYER'S letter: "Please, Council, approve FIOS. " Tom is not alone in the struggle with Comcast. Comcast holds the residents of this city over the coals and pretty much does and charges as it wants because there is no competition. Competition is healthy and I bet Comcast will feel the loss if Verizon is allowed to bring FIOS to Philadelphia. Dish service is not comparable to cable. Maybe the Daily News can start a campaign to get the residents to write members of City Council on this issue.
March 16, 2013 |
Five years ago, Comcast Corp. was the nation's 50th-largest advertiser. Comcast, now with movie, news, and entertainment giant NBCUniversal under its corporate umbrella, rose to second-largest last year behind Procter & Gamble. The New York research firm Kantar Media says Comcast uncorked $1.7 billion in ads on consumers in 2012. Procter & Gamble, whose brands include Tampax, Pantene, Pampers, and Duracell, spent $2.8 billion. No. 3 was General Motors with $1.6 billion. Kantar tracks advertising on multiple platforms - radio, TV, billboards, the Internet, magazines, and newspapers - and then estimates the cost.
April 30, 2004
Aim for a king, don't dare miss. Aim for a mouse, now, that's a lot less risky. So Comcast Corp. - which this week dropped its stunning, $66 billion bid for Walt Disney Co. - gets to live on to fight another day. More than that, the Philadelphia firm earns high marks merely for putting Disney in its sights. When has one of the region's corporate players commanded respectful front-page treatment from so many major newspapers? Not lately. Comcast's Feb. 11 gamble was a boost to regional pride, as locals accustomed to departing corporate headquarters pondered the prospect that the glittering Magic Kingdom might be ruled from Philadelphia.