Comcast Corporation is a leading American provider

Freshman (College 1st year) ・Communications&Media ・MLA

Comcast Corporation

Comcast Corporation is a leading American provider of entertainment, cable and communications networks. The company was founded in 1963 by Daniel Aaron, Ralph J. Roberts, and Julian A. Brodsky as a small cable system located in Tupelo, Mississippi. It was relocated to Philadelphia in 1969, where it was renamed Comcast Corporation. In 2002, the business grew by buying AT&T broadband for $44.5, which was then the leading cable television provider in the United States. In addition, Comcast switched to the entertainment industry and program content production. A local sports channel, called Comcast Sports Net, was created by the company which later merged with the home team sports to become regional sports television. Comcast partnered with Sony Pictures Entertainment in 2005 to acquire Metro Goldwyn Mayer, Inc. In January 2011, the corporation bought shares from the General Electric Company worth 51 percent of NBC Universal and two years later the remaining shares of GE were purchased.

Current CEO - Brian Roberts

The current CEO of Comcast Corporation is Brian Roberts who has held the position in the company since 1990. Under Brian, the company has grown to become among the top global businesses in media and technology. He has helped Comcast Corporation to significantly grow its annual revenue from $657 million to about $ 80.4 billion. Also, he has won several industrial and business honors. Barron recognized Brian among the world’s 30 best CEOs. Fortune Magazine has named him as the businessperson of the year nine times. Furthermore, Brian’s visionary leadership has made USC Shoah Foundation Institute name him a winner of the Ambassador for Humanity Award.

Core Values

The core values of Comcast encompass building connected communities, empowering people, inspiring innovation, creating media that matter to its customers, and transforming their consumer experiences. Information about the company regarding its services and administration is provided through its website. Right from investors, leadership, values, and services, anyone can understand Comcast from the site. The members of the management team are well described together with their biographies. In the United States, Comcast is currently the fourth largest cable company. It operates in 21 states and has over 4.4 million customers serving 783,000 cellular telephone consumers in New Jersey, Pennsylvania, and Delaware. The corporation partners with other companies such as Telecommunication Inc., Sprint Corporation, and Cox Communications Inc. in the provision of digital services to its clients. Comcast also holds a significant interest in sports such as Phantoms hockey team of Philadelphia, NBA basketball team, and the Philadelphia Flyers NHL hockey team. Additionally, the company holds stakes in several organizations that are content providers. Under the leadership of Brian Roberts, Comcast enjoys strong support from Microsoft Corporation which owns 11.5 percent of the total shares of the company. The financial report for the third quarter of 2017 is promising. Earnings per share increased by 19.6 percent, cable communications revenue was escalated by 5.1 %, and customer relationships rose by 115,000.

Advocate for Democracy

Comcast Corporation is an advocate for democracy. Through its diverse media platforms, the company benefits significantly from traffics. The company provides a broad multiscreen video advertising policy which promotes both local and international businesses as well as giving the consumers a range of information. Additionally, the X1 platform provides a consistent multimedia experience which merges entertainment with daily activities of its clients. Therefore, Comcast is an essential global media company that offers a variety of choices for its customers. Also, investors are given the opportunity for investing their funds in a secured company. Hence they are not worried about losing their money.

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