November 9, 1994 |
Comcast Corp., the Philadelphia cable television and cellular phone company, blamed a second round of federally required cuts in cable rates for limiting revenue growth and cutting its third-quarter cash flow. The company said cash flow, which is income before deducting taxes, depreciation and other non-cash items, dipped 5 percent from last year's quarter to $154 million. Overall, Comcast narrowed its per-share loss to 7 cents from 16 cents and said it had strong growth: 4 percent annualized in cable subscribers, and more than 45 percent annualized in cellular subscribers.
February 19, 2005 |
About 3,000 Comcast digital video recorders - a technology critical for the company's growth strategy - were distributed to customers in the Philadelphia area and in San Jose, Calif., with software glitches that impaired their operation, according to the manufacturer. Comcast said yesterday that it now has a fix for the problem: new software that is being distributed automatically over cable systems where the devices were installed. In the meantime, the Philadelphia-based cable company is asking customers to be patient and report problems to 1-800-266-2278.
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.
April 24, 2012 |
Penned by the ghost writer behind popular autobiographies of Chrysler CEO Lee Iacocca and "Mayflower Madam" Sydney Biddle Barrows, An Incredible Dream, a self-published authorized corporate history, has been released by Comcast Corp. The 424-page, 27-chapter book is being distributed to more than 100,000 Comcast and NBCUniversal employees and will become an orientation must-read for new hires. The book cover bears an image of Ralph Roberts, the lead company cofounder, now 92 years old, with arms open, seemingly embracing a crowd.
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
February 14, 2016
In any other place, the enterprise that James Samaha, 50, heads would be considered a big company: 5,500 to 6,000 employees, two million customers in 500 towns in three states, 160 service depots, multiple call centers and warehouses. But not here, where the division for which Samaha is senior vice president, the Freedom Region, is dwarfed by the presence of its parent, Comcast, in Philadelphia. What's it like to work in the shadow of corporate headquarters with such top executives as Brian Roberts and David Cohen looking over your shoulder?
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.