November 13, 1992 |
Columbia Gas System Inc., the Wilmington natural gas pipeline company, posted a loss in the third quarter after deducting special charges totaling $103.1 million. The after-tax charges include a $39.2 million provision for environmental- compliance costs; a $24.2 million write-down for previously capitalized gas costs and a $39.7 million charge to cover the costs of a new business plan for its Cove Point, Md., gas terminal. Before the special charges, Columbia would have recorded a $7.5 million loss because of low seasonal demand for gas, the company said.
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.
May 24, 2013 |
Freebies from Verizon and Comcast could add to the fun of the Memorial Day Weekend. Verizon's offering a slew of free content for four days, and Comcast's Xfinity is giving away access to thousands of wireless hotspots through Independence Day. From Friday till Tuesday, Verizon subscribers can find more than 1,700 movies and 50 entire TV series through the cable service's 900 channel. That includes such recent theatrical films as Abraham Lincoln: Vampire Hunter, The Dark Knight Rises, Bridesmaids, Harry Potter and the Deathly Hollows, The Hunger Games, Hugo, Ice Age: Continental Drift, Madagascar 3: Europe's Most Wanted, Mission Impossible - Ghost Protocol, Moonrise Kingdom, Prometheus , and Sherlock Holmes: A Game of Shadows . They're available through Cinemax, ePix, HBO and ViewNow.
August 24, 2012 |
Comcast Corp. reached a "tentative settlement" in early June with lawyers representing about two million Philadelphia-area Comcast cable-TV customers in a $875 million class-action lawsuit. But Comcast says the deal was not final and has declined to follow it because two weeks later the U.S. Supreme Court agreed to hear an appeal of the case. Details of the settlement - including cash payments, service discounts or credits for Comcast cable-TV customers - are now under a court-approved seal order.
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 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 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.
March 27, 2012 |
Everything's moving to the cloud. Even business phones. Comcast Corp. will announce Tuesday at an industry conference in Orlando, Fla., a new package of high-definition business phones with software features that, for instance, allow sales staff or other employees to transfer on Microsoft Outlook an incoming phone call to another phone or phones. In its most basic form, Comcast's new "Business VoiceEdge" service replaces "PBX" circuit-switching equipment, typically on the premises of a small business, with phone service that routes calls directly through Comcast's telecommunications network.
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