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58 Facts About Comcast
These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.
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Comcast is often criticized by the media and its own staff for its less-than-upstanding policies of employee relations.
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In 2011, Comcast received criticism from Writers Guild of America for its policies regarding unions.
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Comcast was named a "Top 2014 Workplace" by The Washington Post in their annual feature.
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Comcast's shares traded at over $47 per share, and its market capitalization was valued at over US$213.
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Comcast was among the top backers of Barack Obama's presidential runs, with Comcast vice president David Cohen raising over $2.
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Comcast is a major backer of the National Cable and Telecommunications Association Political Action Committee, which raised $2.
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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.
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Comcast 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.
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Comcast offers low cost internet and cable service to schools, subsidized by general broadband consumers through the U S government's E-Rate program.
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However, it is important to note that for years, Comcast has been relying on subsidiaries to finance philanthropic pursuits.
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Two years later, the company's mobile division, Comcast Cellular, purchased a controlling interest in Metromedia's Philadelphia-area cellular telephone interests, Metrophone.
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That same year, Comcast became the third-largest cable operator in the United States, with around 3.
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Comcast offered internet connection for the first time in 1996, with its part in the launch of the @Home Network.
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Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers.
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In February 1998, Comcast sold its U K division to NTL for US$600 million, along with the division's $397 million in debt.
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In 1999, Comcast sold Comcast Cellular to SBC Communications for $400 million, releasing them from $1.
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In November 1999, Comcast purchased Lenfest Communications, who were the ninth largest cable television operator at the time and were the largest operator in the Philadelphia area.
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Comcast quickly replaced the ten-year general manager at Garden State with their own executive, and eventually Garden State ceased operating under its own name and was fully merged to become a part of the Comcast Corporation.
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In 2003, Comcast became one of the original investors in The Golf Channel.
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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.
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In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media.
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In July 2006, Comcast purchased the Seattle-based software company thePlatform.
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Comcast announced in May 2007 and launched in September 2008 a dashboard called SmartZone that allowed users to perform mobile functions online.
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In May 2008, Comcast purchased Plaxo for a reported $150 million to $170 million.
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Comcast won the Consumerist Worst Company In America award in 2010.
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Comcast responded immediately by publicly acknowledging the dubious award and citing ongoing efforts to improve its customer service.
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Comcast denied the rumors at first, while NBC would not comment on them.
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In December 2012, Comcast adopted a new corporate logo, which incorporates NBC's peacock logo to signify its ownership of the broadcaster.
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Comcast reported that third-quarter net profits in 2020 fell 37 percent to $2.
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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".
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In September 2016, Comcast confirmed that it had reached a partnership with Verizon Wireless to launch a cellular network as an MVNO.
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On November 16, 2017, it was reported that Comcast attempted to purchase 21st Century Fox, following the news 10 days earlier that The Walt Disney Company negotiated with Fox to acquire the same assets.
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However, on December 11, 2017, Comcast officially dropped the bid, saying that "We never got the level of engagement needed to make a definitive offer.
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Eight days later, Comcast officially announced a $65 billion counter-offer to acquire the 21st Century Fox's assets that Disney offered to purchase.
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On June 15, 2018, the European Commission gave antitrust clearance to Comcast's offer to purchase Sky, citing that in terms of their current assets in Europe, there would be limited impact on competition.
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Comcast included a 10-year commitment to the operations and funding of Sky News similar to that of Disney's offer.
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Three days later, Comcast officially announced that it was dropping its bid on the Fox assets in order to focus on their bid for Sky.
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On September 22, 2018, Comcast outbid 21st Century Fox, by raising its bid for Sky plc to $40 billion, or $22.
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In October 2018 Comcast later acquired the rest of the shares of Sky with the company being delisted in November.
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On June 20, 2022, Comcast acquired Levl, an American-Israeli startup develops technology that authenticates wireless devices and can help prevent hacking, for an estimated $50 million.
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Comcast 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.
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When Comcast took majority ownership in NBCUniversal, a significant number of cable networks were added to this list.
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In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider.
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Over a number of years, Comcast became majority owner of Comcast SportsNet, as well as Golf Channel and NBCSN.
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Comcast became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015.
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In 2004 and 2007, the American Customer Satisfaction Index survey found that Comcast had the worst customer satisfaction rating of any company or government agency in the country, including the Internal Revenue Service.
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Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization.
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In February 2017, Comcast was ordered by the self-regulatory National Advertising Review Board to cease using a claim based on Speedtest.
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On January 25, 2020, the lawsuit was settled, Comcast being ordered to refund 15, 600 customers and give 16, 000 other customers debt relief.
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Comcast was ordered to disclose the full amounts customers will be charged for using their services on their advertisements.
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In June 2021, the Supreme Court rejected a petition for review by Comcast regarding an anti-trust lawsuit by Viamedia, Inc after the Biden administration had recommended against review.
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