[citation needed], Comcast's cable acquisitions in 1997 were Jones Intercable, Inc. with 1 million customers, and a stake in Prime Communications with 430,000 subscribers. [165][166] The deal closed on August 22, 2016. Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, which gives him an "undilutable 33% voting power over the company". [241][243], Coordinates: 39°57′16″N 75°10′07″W / 39.9545°N 75.1685°W / 39.9545; -75.1685, Cable, satellite, and other specialty television providers in the United States, Additional resources on North American television, Companies with an annual revenue of over US$10 billion, Largest U.S. cable provider (2001–present), Attempted acquisition of 21st Century Fox, All of Comcast's class B common stock, which controls 33.3% of voting power, is owned by CEO Brian Roberts.

skyscraper", "Comcast Employee Tells World He Hates His Job In Reddit AMA Post", "To Understand Comcast's Lousy Reputation", "Five Nightmares You Live While Working For America's Worst Company", Comcast Systematically Squeezing Out Unions, Comcast Seeking to Destroy Writer's Guild, Members Say. [232][233][234], Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization.

[150] 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". $3,010,000. Fast forward more than 100 years later, when AT&T in 2000 restructured into separately traded companies, one of which was AT&T Broadband., Comcast acquired AT&T Broadband in 2002 in hopes that the cable provider would become a leading communications, media, and entertainment company. The acquisition has helped Comcast to provide faster broadband speeds as well as offer more innovative television services throughout the U.S., NBCUniversal was the product of a 2004 merger of television network National Broadcasting Co. Inc., a subsidiary of General Electric Co. (GE), and French media conglomerate Vivendi Universal Entertainment. In 2011, Comcast acquired a 51% stake in the company from GE, thus forming a joint venture (JV). [17], Since 2006, Roberts has donated more than $76,000 to Democratic candidates, and $13,500 to Republican candidates. It's Easy' Campaign to Help Parents Manage Their Family's TV Viewing", "Bold Leader Spotlight: Brian L. Roberts, CEO Comcast NBCUniversal", "Comcast - Mr. Brian L. Roberts Compensation", "Golden Plate Awardees of the American Academy of Achievement", Jewish Exponent: "Shoah Salute: Personal Meaning for Comcast CEO", Eastern State Penitentiary: "Funders for the Synagogue Restoration", "Shoah Salute: Personal Meaning for Comcast CEO", "Comcast-NBC deal finds campaign cash converging with Obama's principles", "Comcast/NBC fired and insulted Trump and now faces a grudge-holding president", "Philadelphia Award 2012 - Joseph Neubauer and Aileen Roberts were honored for their work on the new Barnes", "Brian, Doug & Ralph Roberts Presenting Suzanne Roberts Lifetime Achievement Honor", "Ralph Roberts, Cable TV Pioneer Who Built Comcast, Dies at 95", "Comcast CEO's son and gamer, Tucker Roberts, to head company-owned esports team", "Blizzard locks in two more $20 million Overwatch League spots", https://en.wikipedia.org/w/index.php?title=Brian_L._Roberts&oldid=984266254, American chief executives of Fortune 500 companies, Maccabiah Games gold medalists for the United States, Wharton School of the University of Pennsylvania alumni, American people of Russian-Jewish descent, Short description is different from Wikidata, Articles with unsourced statements from April 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 October 2020, at 04:44.

Comcast Corp. "Timeline," Accessed May 6, 2020.


[104] After Excite@Home went bankrupt in October 2001, Comcast took over providing internet directly to consumers in January 2002.
[2][3] His maternal grandfather, Alfred W. Fleisher, was a real estate investor and philanthropist who supported prison reform. New York Times.

"[183] On the next day, CEO of AT&T Randall Stephenson gave an interview with CNBC, about Comcast's bid for Fox: "It probably can't help it.

", "Comcast to buy DreamWorks Animation for £2.6bn", "Comcast in Discussions to Buy DreamWorks Animation, WSJ Reports", "Comcast Completes $3.8 Billion Purchase of DreamWorks Animation", Comcast confirms plans to launch mobile phone service in 2017, "Comcast confirms plans to launch mobile phone service in 2017", "Comcast Is Launching a Wireless Service Next Year", "RPT-Comcast builds out "smart home" strategy as cable shrinks", "Comcast plunges again into cell phone service. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. [29] A 2014 investigative series published by The Verge involved interviews with 150 of Comcast's employees. A parent company is a maintains a majority interest in another company, giving it control of its operations. At the same time, Fox was given clearance by the British government to purchase Sky. You can learn more about the standards we follow in producing accurate, unbiased content in our.

[14], Comcast has been criticized for multiple reasons; its customer satisfaction often ranks among the lowest in the cable industry. 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. [6], Roberts is chairman of the board of directors of the National Cable & Telecommunications Association (NCTA), and a former treasurer.

The company has not always been successful in snapping up every company that it has tried to acquire. [68][69] 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. [81], The company was re-incorporated in Pennsylvania in 1969, under the new name Comcast Corporation. 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. [98][99] This consolidated Comcast's control over all of the Philadelphia region, and earned them approximately 1.3 million additional cable subscribers. Comcast's shares traded at over $37 per share, and its market capitalization was valued at over US$163.7 billion in October 2018. Type of Business: Broadband Services Provider, Acquisition Price: $22.9 billion (see discussion below), Type of Business: Broadcast and Telecommunications, Acquisition Price: Estimated at $40 billion, Annual Adjusted EBITDA (2019): $3.1 billion. Comcast Corp. "Form 10-K for the fiscal year ended December 31, 2019," Page 35. In April 2016, Comcast confirmed that its NBCUniversal division would acquire DreamWorks Animation for $3.8 billion.

[156] The U.S. Senate Judiciary Committee held a hearing on the deal on April 9, 2014. The Guardian. [139][140] The sale was completed on January 28, 2011. It also has significant holdings in digital distribution, such as thePlatform, which it acquired in 2006. [179] On June 27, the United States Department of Justice gave antitrust approval to Disney under the condition of selling Fox's 22 regional sports channels, to which the company has agreed.


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