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Company Profile For Comcast Corporation

Comcast Corporation (CMCSA.O) (Nasdaq)
sector: Cyclical Consumer Goods & Services · industry: Broadcasting ·
As of  25 Nov 2009
15.07USD
Price Change
-0.05
Percent Change
-0.33%
 
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Overview

Comcast Corporation is a provider of cable services, offering a variety of entertainment, information and communications services to residential and commercial customers. As of December 31, 2008, its cable systems served approximately 24.2 million video customers, 14.9 million high-speed Internet customers and 6.5 million phone customers, and passed over 50.6 million homes in 39 states and the District of Columbia. It operates in two segments: Cable and Programming. The Cable segment, which generates approximately 95% of the Company’s consolidated revenue, manages and operates cable systems in the United States. The Cable segment also includes the operations of its regional sports networks. The Programming segment consists of its national programming networks, including E!, Golf Channel, VERSUS, G4 and Style. In June 2009, the Company acquired from Hearst its 50% interest in New England Cable News (NECN). Comcast owns 100% of NECN.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Comcast Corporation's revenues increased 4% to $26.58B. Net income increased 26% to $2.68B. Revenues reflect an increase income from Cable and higher revenue from Programming segment. Net income also reflects a decrease in selling, general & administrative expenses, decreased equity in affiliates losses and lower interest expense due to a decrease in interest rates.

Company Address

Comcast Corporation
One Comcast Center
Philadelphia   PA   19103-2838
P: +1215.6651700
F: +1215.9817790

Total Employees

100000

Find Out More About CMCSA.O

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