Logo since 2012 with the NBC peacock, when Comcast bought NBCUniversal
|Traded as||NASDAQ: CMCSA
S&P 500 component
NASDAQ: CMCSK (1987 – 2015)
|Founded||June 28, 1963
Tupelo, Mississippi, United States
|Founder||Ralph J. Roberts
Julian A. Brodsky
|Headquarters||Philadelphia, Pennsylvania, United States|
|Revenue||US$ 74.51 billion (2015)|
|US$ 16.00 billion (2015)|
|US$ 8.16 billion (2015)|
|Total assets||US$ 166.57 billion (2015)|
|Total equity||US$ 52.27 billion (2015)|
|Owner||Roberts Family (33% Controlling Stake)|
Number of employees
|153,000 (Dec 2015)|
Comcast Corporation, formerly registered as Comcast Holdings,[note 1] is an American multinational mass media company and is the largest broadcasting and largest cable company in the world by revenue. It is the second largest pay-TV company after the AT&T-DirecTV acquisition, largest cable TV company and largest home Internet service provider in the United States, and the nation's third largest home telephone service provider. Comcast services U.S. residential and commercial customers in 40 states and the District of Columbia. The company's headquarters are located in Philadelphia, Pennsylvania.
As the owner of the international media company NBCUniversal since 2011, Comcast is a producer of feature films and television programs intended for theatrical exhibition and over-the-air and cable television broadcast.
Comcast operates multiple cable-only channels (including E! Entertainment Television, the Golf Channel, and NBCSN), over-the-air national broadcast network channels (NBC and Telemundo), the film production studio Universal Pictures, and Universal Parks & Resorts in Los Angeles and Orlando. The first Universal park outside of the US, Universal Studio Japan, opened in 2001 and Universal Studio Singapore in 2011. Few new locations are planned and being developed for future operation. Comcast also has significant holding in digital distribution (thePlatform). In February 2014 the company agreed to merge with Time Warner Cable in an equity swap deal worth $45.2 billion. Under the terms of the agreement Comcast was to acquire 100% of Time Warner Cable. However, on April 24, 2015, Comcast terminated the agreement.
Comcast has been criticized for multiple reasons. The company's customer satisfaction often ranks among the lowest in the cable industry. Comcast has violated net neutrality practices in the past; and, despite Comcast's commitment to a narrow definition of net neutrality, critics advocate a definition of which precludes distinction between Comcast's private network services and the rest of the Internet. Critics also point out a lack of competition in the vast majority of Comcast's service area; there is limited competition among cable providers. Given Comcast's negotiating power as a large ISP, some suspect that Comcast could leverage paid peering agreements to unfairly influence end-user connection speeds. Its ownership of both content production (in NBCUniversal) and content distribution (as an ISP) has raised antitrust concerns. These issues, in addition to others, led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2014 and 2010.
- 1 Overview
- 2 History
- 3 Divisions and subsidiaries
- 4 Criticism and controversy
- 5 Notes
- 6 References
- 7 External links
Comcast is sometimes described as a family business. Brian L. Roberts, Chairman, President, and CEO of Comcast, is son of co-founder Ralph Roberts. Roberts owns or controls just over 1% of all Comcast shares but all of the Class B supervoting shares, which gives him an "undilutable 33% voting power over the company". Legal expert Susan P. Crawford has said this gives him "effective control over its [Comcast's] every step". In 2010, he was one of the highest-paid executives in the United States, with total compensation of about $31 million.
Comcast is headquartered in Philadelphia, Pennsylvania, and also has corporate offices in Atlanta, Detroit, Denver, and Manchester, New Hampshire. On January 3, 2005, Comcast announced that it would become the anchor tenant in the new Comcast Center in downtown Philadelphia. The 975 ft (297 m) skyscraper is the tallest building in Pennsylvania. Comcast has begun construction on a second 1,121 ft (342 m) skyscraper directly adjacent to the original Comcast headquarters in the summer of 2014.
The company is often criticized by both the media and its own staff for its less upstanding policies regarding employee relations. A 2012 Reddit post written by an anonymous Comcast call center employee eager to share their negative experiences with the public received attention from publications including The Huffington Post. A 2014 investigative series published by The Verge involved interviews with 150 of Comcast's employees. It sought to examine why the company has become so widely criticized by its customers, the media and even members of its own staff. The series claimed part of the problem is internal and that Comcast's staff endures unreasonable corporate policies. According to the report: "customer service has been replaced by an obsession with sales; technicians are understaffed while tech support is poorly trained; and the company is hobbled by internal fragmentation." A widely read article penned by an anonymous call center employee working for Comcast appeared in November 2014 on Cracked. Titled "Five Nightmares You Live While Working For America's Worst Company," the article also claimed that Comcast is obsessed with sales, doesn't train its employees properly and concluded that "the system makes good customer service impossible."
Comcast has also earned a reputation for being anti-union. According to one of the company's training manuals, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". A dispute in 2004 with CWA, a labor union that represented many employees at Comcast's offices in Beaverton, Oregon, led to allegations of management intimidating workers, requiring them to attend anti-union meetings and unwarranted disciplinary action for union members. In 2011, Comcast received criticism from Writers Guild of America for its policies in regards to unions.
Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. In 2009, it was included on CableFAX magazine's "Top 10 Places to Work in Cable", which cited its "scale, savvy and vision". Similarly, the Philadelphia Business Journal awarded Comcast the silver medal among extra-large companies in Philadelphia, with the gold medal going to partner organization, Comcast-Spectacor. The Boston Globe found Comcast to be that city's top place to work in 2009. Employee diversity is also an attribute upon which Comcast receives strong marks. In 2008, Black Enterprise magazine rated Comcast among the top 15 companies for workforce diversity. Comcast was also named a "Top 2014 Workplace" by the Washington Post in their annual feature.
The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. Revenues grew sixfold from 1999's $6 billion to almost $36 billion in 2009. Net profit margin rose from 4.2% in 1999 to 8.4% in 2009, with operating margins improving 31 percent and return on equity doubling to 6.7 percent in the same time span. Between 1999 and 2009, return on capital nearly tripled to 7 percent. Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. In February 2014, Comcast generated 1.1 billion in revenue during the first quarter due to the Sochi Olympics,.
Lobbying and electoral fundraising
With $18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. Comcast employs multiple former US Congressmen as lobbyists. The National Cable & Telecommunications Association, which has multiple Comcast executives on its board, also represents Comcast and other cable companies as the fifth largest lobbying organization in the United States, spending $19.8 million in 2013. Comcast was among the top backers of Barack Obama's presidential runs, with Comcast vice president David Cohen raising over $2.2 million from 2007 to 2012. Cohen has been described by many sources as influential in the US government, though he is no longer a registered lobbyist, as the time he spends lobbying falls short of the 20% which requires official registration. Comcast's PAC, the Comcast Corporation and NBCUniversal Political Action Committee, is the among the largest PACs in the US, raising about $3.7 million from 2011-2012 for the campaigns of various candidates for office in the United States Federal Government. Comcast is also a major backer of the National Cable and Telecommunications Association Political Action Committee, which raised $2.6 million from 2011-2012. Comcast spent the most money of any organization in support of the Stop Online Piracy and PROTECT IP bills, spending roughly $5 million to lobby for their passage.
Comcast also backs lobbying and PACs on a regional level, backing organizations such as the Tennessee Cable Telecommunications Association and the Broadband Communications Association of Washington PAC. Comcast and other cable companies have lobbied state governments to pass legislation restricting or banning individual cities from offering public broadband service. Municipal broadband restrictions of varying scope have been passed in a total of 20 US States.
Comcast operates most of its philanthropic programs through its charitable arm, the Comcast Foundation. The organization is particularly focused on minority groups, such as the Hispanic National Council of La Raza. In 2014, the foundation reported grants totaling over $591,000 to nonprofits in parts of Pennsylvania, Ohio, Maryland, and West Virginia.
Outside the Comcast Foundation, Comcast offers free or low cost internet to many low income households through a program called "Internet Essentials". Comcast also has run trials for this program for senior citizens in Florida, and for college students in Chicago and Denver.
Comcast offers low cost internet and cable service to schools, subsidized by general broadband consumers through the US government's E-Rate program. Critics have noted that many of the strongest supporters of Comcast's business deals have received substantial funding from the Comcast Foundation.
American Cable Systems
In 1963, Ralph J. Roberts in conjunction with his two business partners, Daniel Aaron and Julian A. Brodsky, purchased American Cable Systems as a corporate spin-off from its parent, Jerrold Electronics, for US $500,000. At the time, American Cable was a small cable operator in Tupelo, Mississippi, with five channels and 12,000 customers. Storecast Corporation of America, a product placement supermarket specialist marketing firm, was purchased by American Cable in 1965. With Storecast being a Muzak client, American Cable purchased its first Muzak franchise of many in Orlando, Florida.
The company was re-incorporated in Pennsylvania in 1969, under the new name Comcast Corporation. The name "Comcast" is a portmanteau of the words "Communication" and "Broadcast". Comcast's initial public offering occurred on June 29, 1972, with a market capitalization of US $3,010,000. In 1977, HBO is first launched on a Comcast system with 20,000 customers in western Pennsylvania with a five-night free preview getting a 15% sign up rate.
Although Comcast lost a bidding war with Kohlberg Kravis Roberts to buy Storer Communications in 1985, in 1988, it was able to buy a 50% share of the company's assets in a joint deal with Tele-Communications Inc.. Comcast also acquired American Cellular Network Corporation in 1988 for $230 million, marking the first time it became a mobile phone operator. Comcast started its Comcast Cellular Communications division.
In 1994, Comcast became the third largest cable operator in the United States with around 3.5 million subscribers following its purchase of Maclean-Hunter's American division for $1.27 billion. The company's UK branch, Comcast UK Cable Partners, goes public while constructing a cable telecommunications network. With five other media companies, the corporation becomes an original investor in The Golf Channel. Following a bid in 1994 for $2.1 billion, Comcast increased its ownership of QVC from 15.5% of stock to a majority, in a move to prevent QVC from merging with CBS. Comcast later sold its QVC shares in 2004 to Liberty Media for $7.9 billion.
In October 1995, Comcast announced the purchase of the cable operation of E. W. Scripps Company for $1.575 billion in stock, a deal making Comcast the no. 3 cable company with 4.3 million customers. Comcast offered internet connection for the first time in 1996, with its part in the launch of the @Home Network. When Excite@Home went bankrupt in 2002, Comcast took over providing internet directly to consumers.
In 1996, Comcast Spectacor and Comcast SportsNet are formed as Comcast units. Comcast Spectacor by joining Ed Snider's Spectacor sports venture company and Comcast SportsNet as a Philadelphia region sports channel which launches in 1997. Microsoft invested $1 billion in Comcast in 1997. Also that year, Digital TV is rolled out by Comcast. In partnership with Disney, Comcast gets a 50.1 percent controlling interest in E! Entertainment.
In February 1998, Comcast sold its UK division to NTL for US $600 million, along with the division's $397 million in debt. Additionally, Comcast launched the Style Network. 1997 cable acquisitions were Jones Intercable, Inc. with 1 million customers and a stake in Prime Communications with 430,000 subscribers.
Comcast sold Comcast Cellular to SBC Communications in 1999 for $400 million, releasing them from $1.27 billion in debt. Comcast acquired Greater Philadelphia Cablevision in 1999. In March 1999, Comcast offered to buy MediaOne for $60 billion. However, MediaOne decided to accept AT&T Corporation's offer of $62 billion instead. Comcast University started in 1999 as well as Comcast Interactive Capital Group to make technology and Internet related investments taking its first investment in VeriSign.
With AT&T Broadband in 1999, the company agreed to trade cable systems. The trade was completed in 2000 with Comcast gaining systems in Florida, Michigan, New Jersey, Pennsylvania and Washington, D.C. A trade was also completed with Adelphia thus receiving systems in Florida, Indiana, Michigan, New Jersey, New Mexico and Pennsylvania. Lenfest Communications, Inc. with about 1.3 million cable subscribers, acquisition is closed.
Largest US cable provider (2001–present)
In 2001, Comcast announced it would acquire the assets of the largest cable television operator at the time, AT&T Broadband, for US$44.5 billion. The proposed name for the merged company was "AT&T Comcast", but the companies ultimately decided to keep only the Comcast name. In 2002, Comcast acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States with over 22 million subscribers. This also spurred the start of Comcast Advertising Sales (using AT&T's groundwork) which would later be renamed Comcast Spotlight. As part of this acquisition, Comcast also acquired the National Digital Television Center in Centennial, Colorado as a wholly owned subsidiary, which is today known as the Comcast Media Center.
On February 11, 2004, Comcast announced a $54 billion bid for The Walt Disney Company, as well as taking on $12 billion of Disney's debt. The deal would have made Comcast the largest media conglomerate in the world. However, after rejection by Disney and uncertain response from investors, the bid was abandoned in April. The main reason for the buyout attempt was so that Comcast could acquire Disney's 80 percent stake in ESPN, which a Comcast executive called "the most important and valuable asset" that Disney owned.
On April 8, 2005, a partnership led by Comcast and Sony Pictures Entertainment finalized a deal to acquire MGM and its affiliate studio, United Artists, and create an additional outlet to carry MGM/UA's material for cable and Internet distribution. On October 31, 2005, Comcast officially announced that it had acquired Susquehanna Communications a South Central Pennsylvania, -based cable television and broadband services provider and unit of the former Susquehanna Pfaltzgraff company, for $775 million cash. In this deal Comcast acquired approximately 230,000 basic cable customers, 71,000 digital cable customers, and 86,000 high-speed Internet customers. Comcast previously owned approximately 30 percent of Susquehanna Communications through affiliate company Lenfest. In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media.
In July 2006, Comcast purchased the Seattle-based software company thePlatform. This represented an entry into a new line of business – selling software to allow companies to manage their Internet (and IP-based) media publishing efforts.
On April 3, 2007, Comcast announced it had entered into an agreement to acquire the cable systems owned and operated by Patriot Media, a privately held company owned by cable veteran Steven J. Simmons, Spectrum Equity Investors and Spire Capital, that serves approximately 81,000 video subscribers. Comcast will acquire Patriot for a net cash investment of approximately $483 million. By acquiring the niche provider the deal will plug a hole in its central New Jersey service.
Comcast announced in May 2007 and launched in September 2008 a dashboard called SmartZone. Hewlett-Packard led "design, creation and management". Collaboration and unified messaging technology came from open-source vendor Zimbra. "SmartZone users will be able to send and receive e-mail, listen to their voicemail messages online and forward that information via e-mail to others, send instant messages and video instant messages and merge their contacts into one address book". There is also Cloudmark spam and phishing protection and Trend Micro antivirus. The address book is Comcast Plaxo software.
Comcast won the Consumerist Worst Company In America ("Golden Poo") award in 2010. A gold trophy in the shape of a pile of human feces was delivered to Comcast Corporate Headquarters to commemorate the unmatched level of enmity flowing from their customer base to their business. Competitor Verizon congratulated Comcast on their award via the Verizon Twitter feed. Comcast responded immediately by publicly acknowledging the dubious award, and citing ongoing efforts to improve its customer service.
In April 2005, Comcast and Time Warner Cable announced plans to buy the assets of bankrupted Adelphia Cable. The two companies paid a total of $17.6 billion in the deal that was finalized in the second quarter of 2006—after the U.S. Federal Communications Commission (FCC) completed a seven-month investigation without raising an objection. Time Warner Cable became the second largest cable provider in the U.S., ranking behind Comcast. As part of the deal, Time Warner and Comcast traded existing subscribers in order to consolidate them into larger geographic clusters.
In August 2006, Comcast and Time Warner dissolved a 50/50 partnership that controlled the systems in the Houston, Southwest Texas, San Antonio, and Kansas City markets under the Time Warner brand. After the dissolution, Comcast obtained the Houston system, and Time Warner retained the others. On January 1, 2007, Comcast officially took control of the Houston system, but continued to operate under the Time Warner Cable brand until June 19, 2007.
Media outlets began reporting in late September 2009 that Comcast was in talks to buy NBCUniversal. Comcast denied the rumors at first, while NBC would not comment on them. However, CNBC itself reported on October 1 that General Electric was considering spinning NBCUniversal off into a separate company that would merge the NBC television network and its cable properties such as USA Network, Syfy and MSNBC with Comcast's content assets. GE would maintain 49% control of the new company, while Comcast owned 51%. Vivendi, which owns 20%, would have to sell its stake to GE. It was reported that under the current deal with GE that it would happen in November or December. It was also reported that Time Warner would be interested in placing a bid, until CEO Jeffrey L. Bewkes directly denied interest, leaving Comcast the sole bidder. On November 1, 2009, The New York Times reported Comcast had moved closer to a deal to purchase NBCUniversal and that a formal announcement could be made sometime the following week.
Following a tentative agreement on by December 1, on December 3, 2009, the parties announced that Comcast would buy a controlling 51% stake in NBCUniversal for $6.5 billion in cash and $7.3 billion in programming. GE would take over the remaining 49% stake in NBCUniversal, using $5.8 billion to buy out Vivendi's 20% minority stake in NBCUniversal. On January 18, 2011, the FCC approved the deal by a vote of 4 to 1. The sale was completed on January 28, 2011. In late December 2012, Comcast added the NBC peacock symbol to their new logo. On February 12, 2013, Comcast announced an intention to acquire the remaining 49% of General Electric's interest in NBCUniversal, which Comcast completed on March 19, 2013.
Time Warner Cable
On February 12, 2014, the Los Angeles Times reported that Comcast sought to acquire Time Warner Cable in a deal valued at $45.2 billion. On February 13, it was reported that Time Warner Cable agreed to the acquisition. This was to add several metropolitan areas to the Comcast portfolio, such as New York City, Los Angeles, Dallas-Fort Worth, Cleveland, Columbus, Cincinnati, Charlotte, San Diego, and San Antonio. Time Warner Cable and Comcast aimed to merge into one company by the end of 2014 and both have praised the deal, emphasizing the increased capabilities of a combined telecommunications network, and to "create operating efficiencies and economies of scale".
In 2014, critics expressed concern that the deal would give Comcast greater negotiating power in a number of areas, including rebroadcast fees with television channels, and peering agreements with ISPs.
Critics noted in 2013 that Tom Wheeler, the head of the FCC, which has to approve the deal, is the former head of both the largest cable lobbying organization, the National Cable & Telecommunications Association, and as largest wireless lobby, CTIA – The Wireless Association. According to Politico, Comcast "donated to almost every member of Congress who has a hand in regulating it." The US Senate Judiciary Committee held a hearing on the deal on April 9, 2014. The House Judiciary Committee planned its own hearing. On March 6, 2014 the United States Department of Justice Antitrust Division confirmed it was investigating the deal. In March 2014, the division's chairman, William Baer, recused himself because he was involved in a prior Comcast NBCUniversal acquisition. Several states' attorneys general have announced support for the federal investigation. On April 24, 2015, Jonathan Sallet, general counsel of the F.C.C., said that he was going to recommend a hearing before an administrative law judge, equivalent to a collapse of the deal.
In August 2015, Comcast announced to speed up Internet for low income customers from 5 megabits per second (mbps) to 10 Mbit/s, provide free wireless routers, and will pilot an initiative to increase Internet access for low-income senior citizens. In September of that year Comcast also launched Watchable, a YouTube competitor. The move was seen by Variety as an attempt to appeal to the cord cutting market.
Divisions and subsidiaries
Comcast Cable (Xfinity)
Comcast Cable is the cable television division of Comcast Corporation, providing cable television, broadband internet, and VOIP telephone under the Xfinity brand. Comcast Cable also provides connections to small to medium-sized business through its Comcast Business brand, and Fortune 1000 companies through its Comcast Enterprise brand.
Comcast delivers third-party television programming content to its own customers, and also produces its own first-party content both for subscribers and customers of other competing television services. Fully or partially owned Comcast programming includes Comcast Newsmakers, Comcast Network, Comcast SportsNet, SportsNet New York, MLB Network, Comcast Sports Southeast/Charter Sports Southeast, NBC Sports Network, The Golf Channel, AZN Television, and FEARnet. On May 19, 2009, Disney and ESPN announced an agreement to allow Comcast Corporation to carry the channels ESPNU and ESPN3. The U.S. Olympic Committee and Comcast intended to team up to create The U.S. Olympic Network, which was slated to launch after the 2010 Vancouver Olympic Games. These plans were then put on hold by the U.S. Olympic Committee. The U.S. Olympic Committee and Comcast have ended the plans to create The U.S. Olympic Network.
Comcast's content networks and assets also include E!, Esquire Network, Golf Channel, NBCSN, Sprout, TV One, and the regional Comcast SportsNets. When Comcast took majority ownership in NBCUniversal, significant number of cable networks were added to this list. Comcast's NHL deal obligated them to create a U.S. version of NHL Network, launched in October 2007.
Comcast also owns many local channels. Comcast also has a variety network known as Comcast Network, available exclusively to Comcast and Cablevision subscribers. The channel shows news, sports, and entertainment and places emphasis in Philadelphia and the Baltimore/Washington, D.C. areas, though the channel is also available in New York, Pittsburgh, and Richmond. In August 2004, Comcast started a channel called Comcast Entertainment Television, for Colorado Comcast subscribers, and focusing on life in Colorado. It also carries some National Hockey League and National Basketball Association games when Altitude Sports & Entertainment is carrying the NHL or NBA. In January 2006, CET became the primary channel for Colorado's Emergency Alert System in the Denver Metro Area. In 2006, Comcast helped found the channel SportsNet New York, acquiring a minority stake. The other partners in the project were New York Mets and Time Warner Cable.
In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. Comcast-Spectacor holdings now include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers National Basketball Association basketball team and two large multipurpose arenas in Philadelphia. Over a number of years, Comcast became majority owner of Comcast SportsNet, as well as Golf Channel and NBCSN (formerly the Outdoor Life Network, then Versus). In 2002, Comcast paid the University of Maryland $25 million for naming rights to the new basketball arena built on the College Park campus, the XFINITY Center. Before it was renamed for Comcast's cable subsidiary, XFINITY Center was called Comcast Center from its opening in 2002 through July 2014.
Comcast founded its first venture capital fund in January 1999, as Comcast Interactive Capital. Around 2011, following the 2009 NBC Universal acquisition, Comcast Interactive Capital was merged with The Peacock Equity Fund, the venture capital subsidiary of NBCUniversal. The combined company, Comcast Ventures, backs various companies such as FanDuel and Vox Media, for example.
Criticism and controversy
In 2004 and 2007, the American Customer Satisfaction Index (ACSI) survey found that Comcast had the worst customer satisfaction rating of any company or government agency in the country, including the Internal Revenue Service. The ACSI indicates that almost half of all cable customers (regardless of company) have registered complaints, and that cable is the only industry to score below 60 in the ACSI. Comcast's Customer Service Rating by the ACSI surveys indicate that the company's customer service has not improved since the surveys began in 2001. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." The ACSI analysis also addresses this contradiction, stating that "Such pricing power usually comes with some level of monopoly protection and most cable companies have little competition at the local level. This also means that a cable company can do well financially even though its customers are not particularly satisfied."
In April 2014, Comcast was awarded the 2014 "Worst Company in America" award; an annual contest by the consumer affairs blog The Consumerist that runs a series of reader polls to determine the least popular company in America. This was the second time Comcast had been awarded this title, the first being in 2010.
Comcast spends millions of dollars annually on government relationships. Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations.
Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization. According to Corporate Library, Comcast's board of directors ability to oversee and control management was severely compromised (at least in 2010) by the fact that several of the directors either worked for the company or had business ties to it (making them susceptible to management pressure), and a third of the directors were over 70 years of age. According to the Wall Street Journal nearly two-thirds of the flights of Comcast's $40 million corporate jet purchased for business travel related to the NBCU acquisition, were to CEO Brian Roberts' private homes or to resorts.
In January 2015, a customer named Ricardo Brown received a bill from Comcast with his name changed to "Asshole Brown". Brown's wife, Lisa, believed a Comcast employee changed the name in response to the Browns' request to cancel their cable service, an incident in which she was refused a cancellation unless she paid a $60 fee and instead was routed to a retention specialist. Comcast refused to correct the name on their bill after bringing it to the attention of numerous customer service outlets for the company by explaining that Ricardo is the legal name of the customer, so the Browns turned to consumer advocate Christopher Elliott. Elliott posted the facts of the incident, along with a copy of the bill, on his blog. Shortly thereafter, Elliott contacted Comcast and Comcast offered the Browns an apology, a $60 refund, and a promise to track down and fire the responsible employee. The Browns instead requested a full refund for their negative experience and Comcast agreed to refund the family the last two years of service and provide the next two years of service at no charge. Comcast released a statement explaining: "We have spoken with our customer and apologized for this completely unacceptable and inappropriate name change. We have zero tolerance for this type of disrespectful behavior and are conducting a thorough investigation to determine what happened. We are working with our customer to make this right and will take appropriate steps to prevent this from happening again." 
On February 19, 2015 a Comcast customer-support representative was caught falsely telling a customer that the company is required by law to implement data caps. In a SoundCloud recording posted on Reddit, the Comcast agent, named Lionel, can be heard telling the customer, "Every Internet service provider has data caps. It is mandated by the law." 
- Before the AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not the parent company (see: Bloomberg profile on Comcast Holdings Corporation). Technically, the current parent company was founded December 7, 2001 as CAB Holdings Corporation, which changed its name to AT&T Comcast Corporation before finally taking on the Comcast Corporation name (see: Nov 2002 8K/A Form and Nov 2002 S-4).
- "Comcast Corporation - Other".
- IfM - Comcast/NBCUniversal, LLC. Institute of Media and Communications Policy Mediadb.eu (undated). Retrieved on June 11, 2015.
- "People: Comcast Corp (CMCSA.OQ)". Reuters. Retrieved February 22, 2014.
- "COMCAST CORP 2015 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 5, 2016.
- "Family-Dominated Comcast Good at Pleasing Investors". The New York Times. February 14, 2004.
- Cynthia Littleton. "Control Issues: How Media Titans Keep a Tight Grip on Their Empires - Variety". Variety.
- "Comcast, Form 10-K, Annual Report, Filing Date Feb 05, 2016". Retrieved February 8, 2016.
- "Company Overview of Comcast Ventures". Bloomberg. Retrieved February 23, 2014.
- "Comcast Overview and Coverage". Broadband Now. Retrieved February 24, 2014.
- Comcast 2008 Form 10-K, files.shareholder.com
- "Comcast, Form 8-K, Current Report, Filing Date Jan 31, 2011". secdatabase.com. Retrieved March 27, 2013.
- "Comcast, Form 8-K, Current Report, Filing Date Feb 12, 2013" (PDF). secdatabase.com. Retrieved March 27, 2013.
- "Comcast, Form 8-K, Current Report, Filing Date Mar 19, 2013". secdatabase.com. Retrieved March 27, 2013.
- (2013-03-19) . Deadline, "Comcast Completes Acquisition Of GE’s 49% Stake In NBCUniversal". Retrieved on March 19, 2013.
- "Comcast, Form 10-K, Annual Report, Filing Date Feb 21, 2013". secdatabase.com. Retrieved March 27, 2013.
- Comcast and Time Warner Cable to merge in $45.2bn deal. Broadcast Communications. Retrieved on February 14, 2014.
- Consumerist (April 26, 2010). "Comcast Is Crowned Consumerist.Com's 2010 'Worst Company in America'". PR Newswire. Retrieved March 31, 2014.
- J.D. Power Releases 2008 Residential Television Service Satisfaction Survey. News.ecoustics.com. Retrieved on July 8, 2011.
- Dara Kerr (March 20, 2014). "Netflix's Hastings makes the case for Net neutrality". Cnet. Retrieved March 31, 2014.
- Modine, Austin. (January 21, 2009) TheRegister.co.uk. TheRegister.co.uk. Retrieved on July 8, 2011.
- Michael Hiltzik (August 23, 2013). "Cable monopolies hurt consumers and the nation". Los Angeles Times. Retrieved March 31, 2014.
- "Congratulations To Comcast, Your 2014 Worst Company In America!". Consumerist. April 8, 2013. Retrieved January 16, 2015.
- Paramore, Lynn Stuart (August 30, 2013). "Why Comcast is the Worst Company in America". Salon. Retrieved January 15, 2015.
- Pearlstine, Norman (August 9, 2012). "Brian Roberts on His Vision for Comcast". BloombergBusinessweek. Retrieved March 26, 2014.
Comcast (CMCSA) is a 49-year-old family company that morphed into a media behemoth with the 2011 purchase of NBCUniversal.
- All of Comcast's class B common stock, which controls 33.3% of voting power, is owned by CEO Brian Roberts. (see "Form S-3 pp.10". Comcast. September 21, 2004. Retrieved March 21, 2014.)
- Crawford, Susan (2013). Captive Audience : the telecom industry and monopoly power in the new gilded age. Yale University Press. p. 67.
- Comcast Corporate Overview. Comcast.com. Retrieved on July 8, 2011.
- Bob Fernandez (January 17, 2014). "Comcast to build second, taller Phila. skyscraper". Philadelphia Inquirer. Retrieved March 27, 2014.
- "Comcast Employee Tells World He Hates His Job In Reddit AMA Post". The Huffington Post. Retrieved January 16, 2015.
- "To Understand Comcast's Lousy Reputation". The Philadelphia Enquirer. Retrieved January 16, 2015.
- "Five Nightmares You Live While Working For America's Worst Company". Cracked. Retrieved January 16, 2015.
- Cameron W. Barr (September 6, 2004). "Union Rights Triumph Over Intimidation". New York Times. Retrieved February 27, 2014.
- Comcast Systematically Squeezing Out Unions, Northwest Labor Press, 2004.
- Comcast Seeking to Destroy Writer's Guild, Members Say, CNN's the Wrap, 2011.
- 2009 Top 10 Places to Work in Cable, CableFAX, October 27, 2009.
- Silver Winner - Extra-Large Company Comcast Corp., Philadelphia Business Journal, October 16, 2009.
- Gold Winner - Extra-Large Company: Comcast-Spectacor, Philadelphia Business Journal, October 16, 2009.
- A cable company that listens, The Boston Globe, November 8, 2009.
- The 15 Best Companies for Workforce Diversity, Black Enterprise, July 10, 2008.
- "The Washington Post Top Workplaces 2014". www.topworkplaces.com. The Washington Post Magazine. Retrieved August 6, 2014.
- Malcolm Berko: Taking stock, The State Journal-Register, October 7, 2009.
- "Comcast profit jumps 30%, with mixed results at NBCUniversal". Los Angeles Times. May 2, 2012. Retrieved March 3, 2013.
- Reuters April 22, 2014, Reuters
- "Lobbying: Top Spenders 2013". Center for Responsive Politics. Retrieved February 21, 2014.
- ERIC LIPTON (February 20, 2014). "Comcast’s Web of Lobbying and Philanthropy". The New York Times. Retrieved February 21, 2014.
- "Obama’s Top Fund-Raisers". New York Times. September 13, 2012. Retrieved March 7, 2014.
- Justin Sink (February 13, 2014). "Comcast, Time Warner execs have been big Obama supporters". The Hill. Retrieved May 7, 2014.
- Cecilia Kang (October 12, 2012). "David Cohen may be Comcast’s secret weapon, but in D.C. he’s a wonk rock star". Washington Post. Retrieved March 7, 2014.
- Jonathan Tamari (March 4, 2014). "David L. Cohen quite influential without being a "lobbyist"". Philadelphia Inquirer. Retrieved March 7, 2014.
- "Top 50 Corporate PACs by Receipts January 1, 2011 - December 31, 2012" (PDF). Federal Election Commission. Retrieved March 9, 2014.
- "Top 50 Trade PACs by Receipts January 1, 2011 - December 31, 2012" (PDF). Federal Election Commission. Retrieved March 11, 2014.
- "National Cable & Telecommunications Assn". Center for Responsive Politics. Retrieved March 11, 2014.
- David Goldman (January 25, 2012). "SOPA and PIPA attract huge lobbying on both sides". CNN Money. Retrieved March 27, 2014.
- Andy Sher (May 30, 2011). "Lobbyists had busy year in Nashville". Times Free Press. Retrieved March 15, 2014.
- Andrea Peterson (October 31, 2013). "Comcast is donating heavily to defeat the mayor who is bringing gigabit fiber to Seattle". New York Times. Retrieved March 15, 2014.
- Emily Badger (November 4, 2011). "How the Telecom Lobby is Killing Municipal Broadband". The Atlantic. Retrieved March 27, 2014.
- "ISP lobby has already won limits on public broadband in 20 states". Ars Technica. February 12, 2014. Retrieved March 27, 2014.
- Comcast Foundation (February 6, 2014). "Keystone Region Organizations Receive $591,000 From Comcast Foundation". PR Newswire. Retrieved March 25, 2014.
- Todd Shields (December 6, 2013). "AT&T, Comcast Gain From Subsidy Paid for by Customers". Bloomberg. Retrieved March 25, 2014.
- Jason McLure (June 6, 2013). "Civil rights group's FCC positions reflect industry funding, critics say". Center for Public Integrity. Retrieved February 9, 2015.
- David D. Kirkpatrick (February 24, 2003). "Daniel Aaron, 77, a Founder Of Comcast Cable Television". New York Times. Retrieved August 27, 2014.
- Farrell, Mike (June 19, 2015). "Comcastic: A Comcast Timeline". Multichannel News (NewBay Media). Retrieved June 19, 2015.
- Associated Press (January 18, 2011). "A look at Comcast's changes over the decades". Seattle Times. Retrieved February 14, 2014.
- Businessweek.com Brian Roberts: High-Speed Pipes, Business Week, October 1, 2002.
- "Comcast - Key Facts". Comcast. Retrieved February 14, 2014.
- "Beyond Cable Tv: Comcast Perfects The Art Of The Deal...". Aug 10, 1992. Retrieved February 14, 2014.
- "Comcast, Form 425, Filing Date Feb 11, 2004". Securities and Exchange Commission. Retrieved March 27, 2013.
- GERALDINE FABRIKANT (April 25, 1988). "2 Cable TV Companies To Buy SCI". New York Times. Retrieved February 15, 2014.
- Reuters (February 11, 1988). "COMPANY NEWS; American Cellular Deal". New York Times. Retrieved February 15, 2014.
- Geraldine Fabrikant (February 8, 1990). "Business People; Son Succeeds Father As Comcast President". New York Times. Retrieved February 14, 2014.
- "Comcast to Buy Maclean's Cable: Television: The $1.27-billion cash deal would make the Philadelphia-based company the industry's third-largest cable operator.". Los Angeles Times. June 20, 1994. Retrieved February 16, 2014.
- "Comcast bids $2.1 billion for QVC". The Baltimore Sun. New York Times News UService. July 13, 1994. Retrieved February 16, 2014.
- Michael Singer (July 3, 2003). "Comcast Selling QVC for $7.9B". Internet News. Retrieved February 16, 2014.
- Geraldine Fabrikant (October 30, 1995). "Comcast to Buy Cable Division From Scripps". The New York Times. Retrieved April 22, 2014.
- Bloomberg News (March 30, 2000). "Comcast, Cox extend Excite@Home deal". The Baltimore Sun. Retrieved February 19, 2014.
- MATT RICHTEL (January 4, 2002). "Technology; Comcast Copes With Internet Problems". The New York Times. Retrieved February 19, 2014.
- "Company News; NTL Agrees to Buy Comcast UK FOR $600 Million". New York Times. February 6, 1998. Retrieved February 14, 2014.
- Geraldine Fabrikant (January 21, 1999). "The Media Business; SBC Communications to Buy Comcast Cellular Operations". New York Times. Retrieved February 15, 2014.
- Corey Grice (May 3, 1999). "MediaOne-AT&T deal pushes Comcast aside". Cnet. Retrieved February 17, 2014.
- "AT&T, Form 8-K, Current Report, Filing Date Dec 21, 2001". secdatabase.com. Retrieved March 28, 2013.
- "AT&T, Form 8-K, Current Report, Filing Date Nov 19, 2002". secdatabase.com. Retrieved March 28, 2013.
- "Comcast Corp, Form 8-K, Current Report, Filing Date Feb 11, 2004". secdatabase.com. Retrieved March 28, 2013.
- La, Paul R. (February 18, 2004). "Comcast makes $54B bid for Disney – Feb. 18, 2004". CNN. Retrieved February 25, 2010.
- "Comcast Corp, Form 8-K, Current Report, Filing Date Apr 28, 2004". secdatabase.com. Retrieved March 28, 2013.
- Larry Eichel (February 22, 2004). "ESPN is a big factor in bid for Disney Comcast...". The Philadelphia Inquirer. Retrieved February 27, 2014.
- "Sony, Form 6-K, Filing Date Sep 27, 2004". secdatabase.com. Retrieved March 28, 2013.
- "Sony, Form 6-K, Filing Date Apr 11, 2005". secdatabase.com. Retrieved March 28, 2013.
- "Susquehanna Media, Form 8-K, Current Report, Filing Date Nov 1, 2005" (PDF). secdatabase.com. Retrieved March 28, 2013.
- "Comcast, Form 10-K, Annual Report, Filing Date Feb 22, 2006" (PDF). secdatabase.com. Retrieved March 28, 2013.
- Comcast Corporation To Acquire Patriot Media. Comcast.com (April 3, 2007). Retrieved on July 8, 2011.
- Comcast to Buy Patriot Media. Seekingalpha.com (April 4, 2007). Retrieved on July 8, 2011.
- Martens, China (May 7, 2007). "Zimbra Helps Comcast with SmartZone". PC World (IDG News Service). Retrieved September 10, 2008.
- Kukec, Anna Marie. "Comcast readies its SmartZone service". Daily Herald via Beep (Paddock Publications(Daily Herald)). Retrieved September 11, 2008.
- Farber, Dan (May 14, 2008). "Comcast goes social with Plaxo acquisition | Outside the Lines – CNET News". News.cnet.com. Retrieved February 25, 2010.
- "Comcast: We Don't Want To Be Worst Company In America Again". The Consumerist. Retrieved August 28, 2011.
- "Congratulations Comcast; You're The Worst Company In America!". The Consumerist. Retrieved August 28, 2011.
- Colin C. Haley (April 21, 2005). "Comcast, Time Warner to Carve Up Adelphia". InternetNews.com. Retrieved February 14, 2014.
- "Comcast, Form 8-K, Current Report, Filing Date Apr 26, 2005" (PDF). secdatabase.com. Retrieved March 28, 2013.
- Chris Isidore (April 21, 2005). "Adelphia deal to shuffle cable: One in 10 subscribers to get new operator as a result of $17.6B purchase by Comcast, Time Warner.". CNN Money. Retrieved February 25, 2014.
- Key, Peter (December 15, 2005). "Comcast adjusts to accommodate Adelphia deal".
- Time Warner Cable, ''Time Warner Cable/Comcast Official Statement''. Web.archive.org (September 26, 2007). Retrieved on July 8, 2011.
- Comcast in Talks to Buy NBC Universal, AJC.com, October 1, 2009
- GE is in Talks to Spin Off NBC, Give Comcast 51% of New Unit, CNBC.com, October 1, 2009
- GE and Comcast Exploring a Spin-Off of NBC Universal, The New York Times, October 1, 2009
- GE Investors Breathe Sigh of Relief on Comcast Talks, Reuters.com, October 1, 2009
- Questions Continue to Swirl Around Comcast Venture, The Philadelphia Inquirer, October 3, 2009 Archived October 5, 2009, at the Wayback Machine.
- Time Warner won't bid for NBC Universal, Toronto Star, October 2, 2009
- Comcast Said to Be Close to Gaining NBC Universal, The New York Times, November 1, 2009
- Faber, David (December 1, 2009). "GE, Comcast Complete Deal Over NBC Universal: Source". CNBC. Archived from the original on September 6, 2015. Retrieved December 1, 2009.
- "Comcast, Form 8-K, Current Report, Filing Date Dec 4, 2009" (PDF). secdatabase.com. Retrieved March 27, 2013.
- Wilkerson, David B.; Goldstein, Steven (December 3, 2009). "Comcast scores controlling stake in NBC Universal". MarketWatch.com (The Wall Street Journal Digital Network). Retrieved December 3, 2009.
- Goldman, David (December 3, 2009). "GE, Comcast announce joint NBC deal". CNN. Retrieved December 3, 2009.
- Government Approves Comcast-NBC Deal, New York Times, January 18, 2011
- Todd Shields and Jeff Bliss (January 18, 2011). "Comcast Wins U.S. Approval to Buy NBC Universal From GE for $13.8 Billion". Bloomberg. Retrieved March 15, 2014.
- Comcast, NBC U Merger a Done Deal, Variety, January 29, 2011
- Comcast Takes Over NBC Universal After Long Review, ABC News, January 29, 2011
- Szalai, Georg (December 11, 2012). "Comcast Adds NBC Peacock to Corporate Logo". The Hollywood Reporter. Retrieved February 3, 2013.
- Meg James "Los Angeles Times" February 12, 2013 Comcast to buy out GE's interest in NBCUniversal latimes.com, Retrieved on February 13, 2013
- David Lieberman "Hollywood Deadline" February 12, 2013 Comcast To Pay $16.7B For General Electric’s 49% Of NBCUniversal deadline.com, Retrieved on February 13, 2013
- Chozick, Amy (February 12, 1013). "Comcast Buys Rest of NBC in Early Sale - NYTimes.com". Mediadecoder.blogs.nytimes.com. Retrieved March 3, 2013.
- James, Meg; Flint, Joe (February 12, 2014). "Comcast strikes deal to buy Time Warner Cable for $45 billion". Los Angeles Times.
- Alex Sherman, Jeffrey McCracken, Edmund Lee (February 13, 2014). "Comcast Agrees to Buy Time Warner Cable for $45.2 Billion". Bloomberg.
- "Comcast confirms $45 billion merger with Time Warner Cable". The Verge. February 13, 2014.
- Comcas Press Release (February 13, 2014). "Time Warner Cable to Merge with Comcast Corporation to Create a World-Class Technology and Media Company". Wall Street Journal. Retrieved March 27, 2014.
- Jeff Bercovici (February 13, 2014). "What The Comcast-Time Warner Cable Merger Means For TV Viewers". Forbes. Retrieved March 27, 2014.
- Chris Welch (March 19, 2014). "Sen. Al Franken: Comcast buying Time Warner Cable could threaten 'open nature' of internet". The Verge. Retrieved March 27, 2014.
- Jon Brodkin (October 29, 2013). "Ex-cable and wireless lobbyist confirmed as FCC chairman". Ars Technica. Retrieved February 17, 2014.
- John Cassidy (February 13, 2014). "We Need Real Competition, Not a Cable-Internet Monopoly". The New Yorker. Retrieved February 17, 2014.
- Romm, Tony (March 9, 2014). Comcast spreads cash wide on Capitol Hill. Politico. Retrieved March 11, 2014.
- Bob Fernandez (April 11, 2014). "A sometimes-tense hearing on Capitol Hill on proposed Comcast-Time Warner merger". The Philadelphia Inquirer. Retrieved April 14, 2014.
- Jessica Collins or Lauren Hammond (February 13, 2014). "Goodlatte and Bachus Statement on Proposed Comcast-Time Warner Cable Merger". judiciary.house.gov. Retrieved March 23, 2014.
- Agence France-Presse (March 6, 2014). "US confirms antitrust probe of Comcast-TWC deal". Yahoo News. Retrieved March 23, 2014.
- EDWARD WYATT (March 6, 2014). "Top Official Can’t Rule on Cable Merger". New York Times. Retrieved March 23, 2014.
- Diane Bartz (March 19, 2014). "Exclusive: States to probe Comcast plan to buy Time Warner Cable". Reuters. Retrieved March 23, 2014.
- Steel, Emily; Gelles, David; Ruiz, Rebecca; Lipton, Eric (April 23, 2015). "Comcast Is Said to End $45 Billion Bid for Time Warner Cable". New York Times. Retrieved April 24, 2015.
- Tali Arbel Associated Press (4 August 2015). "Comcast speeding up its discounted Internet service". Boston Globe. Retrieved 3 September 2015.
- Spangler, Todd. "Comcast Launches Watchable: Can Web Video Help Save Cable TV?". Variety. Retrieved 10 April 2016.
- Peter Spence (April 28, 2016). "Comcast to buy DreamWorks Animation for £2.6bn". The Telegraph.
- Anousha Sakoui (April 27, 2016). "Comcast in Discussions to Buy DreamWorks Animation, WSJ Reports". Bloomberg.com.
- "Comcast adds ESPNU and ESPN360.COM to line up with content on television, on demand and online". espnmediazone.com, Comcast press release, May 19, 2009. Accessed October 12, 2009. Archived May 22, 2009, at the Wayback Machine.
- Comcast, U.S. Olympic Committee to Launch Cable Net, Mediaweek, July 8, 2009
- U.S. Olympic Cable Network Put on Hold, Mediaweek, August 17, 2009
- U.S.O.C. Ends Plans for Its Own Olympic Channel, The New York Times, April 21, 2010
- Bill Fleischman (March 22, 1996). "Msg What Comcast Hopes To Become". The Philadelphia Inquirer. Retrieved February 16, 2014.
- Peter Key (July 5, 1999). "Comcast: Not just cable anymore". Philadelphia Business Journal. Retrieved February 21, 2014.
- Mike Farrell (May 26, 2011). "Comcast, NBCU Combine Venture Capital Units". MultiChannel News. Retrieved February 21, 2014.
- Darren Heitner (January 30, 2013). "Fantasy Sports Service, FanDuel, Secures $11 Million Investment; Includes Money From Comcast Ventures". Forbes. Retrieved February 16, 2014.
- staff (October 15, 2013). "Comcast Ventures-backed Vox Media Raises $34 Million". CityBizList Philadelphia. Retrieved February 16, 2014.
- Limbong, Andrew (April 29, 2016). "Comcast Buys DreamWorks Animation For $3.8 Billion In Race Against Disney". NPR. Retrieved 2 May 2016.
- Stelter, Brian (April 28, 2016). "Comcast buys DreamWorks Animation in $3.8 billion deal". CNN Money. Retrieved 2 May 2016.
- Ortutay, Barbara (April 29, 2016). "Comcast Buying DreamWorks Animation for About $3.55B". KQED Arts (KQED). Associated Press. Retrieved 2 May 2016.
- STEELE, ANNE; FRITZ, BEN; MATTIOLI, DANA (April 28, 2016). "Comcast to Buy DreamWorks Animation for $3.8 Billion". The Wall Street Journal. Retrieved 2 May 2016.
- The American Customer Satisfaction Index, First Quarter, 2004 Archived March 12, 2009, at the Wayback Machine.
- American Customer Satisfaction Index, First Quarter, 2007 Archived August 27, 2007, at the Wayback Machine.
- American Customer Satisfaction Index, Scores By Company: Comcast Corporation Archived November 16, 2007, at the Wayback Machine.
- "Congratulations To Comcast, Your 2014 Worst Company In America!". The Consumerist. April 8, 2014.
- The Center for Public Integrity, ''Comcast Corp. Political Influence''. Publicintegrity.org. Retrieved on July 8, 2011.
- The Washington Post, ''Prominent Ties Among Comcast Hires''. Washingtonpost.com (March 7, 2006). Retrieved on July 8, 2011.
- The Washington Post, ''Md. Lawmakers Call for Probe of Comcast Ties''. Washingtonpost.com (March 8, 2006). Retrieved on July 8, 2011.
- Law.com, ''Federal Judge Certifies Antitrust Class Against Comcast''. Law.com. Retrieved on July 8, 2011.
- Maremont, Mark; Tom McGInty (June 16, 2011). "Corporate Jet Set, Leisure vs. Businessw". Wall Street Journal. Retrieved March 26, 2014.
- Bort, Julie.  SFGate. Retrieved January 29, 2015
- Geller, Eric.  TheDailyDot. Retrieved February 19, 2015
|Wikimedia Commons has media related to Comcast.|
- Official website
- Comcast SEC filings
- Portrait of ComcastNBCU at mediadb.eu
- Biography of Daniel Aaron