45 Facts About Comcast Corporation

Comcast Corporation, headquartered in Philadelphia, is the largest American multinational telecommunications conglomerate.

Comcast Corporation is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City.

Comcast Corporation is often criticized by the media and its own staff for its less-than-upstanding policies of employee relations.

In 2011, Comcast Corporation received criticism from Writers Guild of America for its policies regarding unions.

Comcast Corporation was named a "Top 2014 Workplace" by The Washington Post in their annual feature.

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Comcast Corporation's shares traded at over $47 per share, and its market capitalization was valued at over US$213.

Comcast Corporation was among the top backers of Barack Obama's presidential runs, with Comcast Corporation vice president David Cohen raising over $2.

Comcast Corporation is a major backer of the National Cable and Telecommunications Association Political Action Committee, which raised $2.

Comcast Corporation 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 Corporation 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.

However, it is important to note that for years, Comcast Corporation has been relying on subsidiaries to finance philanthropic pursuits.

Two years later, the company's mobile division, Comcast Corporation Cellular, purchased a controlling interest in Metromedia's Philadelphia-area cellular telephone interests, Metrophone.

That same year, Comcast Corporation became the third-largest cable operator in the United States, with around 3.

Comcast Corporation offered internet connection for the first time in 1996, with its part in the launch of the @Home Network.

Also in 1996, Comcast Corporation formed Comcast Corporation Spectacor, which became owner of the Philadelphia Flyers.

In February 1998, Comcast sold its U K division to NTL for US$600 million, along with the division's $397 million in debt.

In 1999, Comcast Corporation sold Comcast Corporation Cellular to SBC Communications for $400 million, releasing them from $1.

In November 1999, Comcast Corporation purchased Lenfest Communications, who were the ninth largest cable television operator at the time and were the largest operator in the Philadelphia area.

In 2003, Comcast Corporation became one of the original investors in The Golf Channel.

In December 2005, Comcast Corporation announced the creation of Comcast Corporation Interactive Media, a new division focused on online media.

In July 2006, Comcast Corporation purchased the Seattle-based software company thePlatform.

Comcast Corporation announced in May 2007 and launched in September 2008 a dashboard called SmartZone that allowed users to perform mobile functions online.

In May 2008, Comcast Corporation purchased Plaxo for a reported $150 million to $170 million.

Comcast Corporation won the Consumerist Worst Company In America award in 2010.

Comcast Corporation responded immediately by publicly acknowledging the dubious award and citing ongoing efforts to improve its customer service.

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Comcast Corporation denied the rumors at first, while NBC would not comment on them.

In December 2012, Comcast Corporation adopted a new corporate logo, which incorporates NBC's peacock logo to signify its ownership of the broadcaster.

Comcast Corporation reported that third-quarter net profits in 2020 fell 37 percent to $2.

Time Warner Cable and Comcast Corporation 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 Corporation greater negotiating power in a number of areas, including rebroadcast fees with television channels, and peering agreements with ISPs.

In September 2016, Comcast Corporation confirmed that it had reached a partnership with Verizon Wireless to launch a cellular network as an MVNO.

Eight days later, Comcast Corporation officially announced a $65 billion counter-offer to acquire the 21st Century Fox's assets that Disney offered to purchase.

Comcast Corporation included a 10-year commitment to the operations and funding of Sky News similar to that of Disney's offer.

Three days later, Comcast Corporation officially announced that it was dropping its bid on the Fox assets in order to focus on their bid for Sky.

In October 2018 Comcast Corporation later acquired the rest of the shares of Sky with the company being delisted in November.

Comcast Corporation delivers third-party television programming content to its own customers, and produces its own first-party content both for subscribers and customers of other competing television services.

When Comcast Corporation took majority ownership in NBCUniversal, a significant number of cable networks were added to this list.

In 1996, Comcast Corporation bought a controlling stake in Spectacor from the company's founder, Ed Snider.

Over a number of years, Comcast Corporation became majority owner of Comcast Corporation SportsNet, as well as Golf Channel and NBCSN .

Comcast Corporation became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015.

In 2004 and 2007, the American Customer Satisfaction Index survey found that Comcast Corporation had the worst customer satisfaction rating of any company or government agency in the country, including the Internal Revenue Service.

Comcast Corporation was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization.

In February 2017, Comcast Corporation was ordered by the self-regulatory National Advertising Review Board to cease using a claim based on Speedtest.

Comcast Corporation was ordered to disclose the full amounts customers will be charged for using their services on their advertisements.

In June 2021, the Supreme Court rejected a petition for review by Comcast Corporation regarding an anti-trust lawsuit by Viamedia, Inc after the Biden administration had recommended against review.

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