Comcast Corporation (formerly registered as Comcast Holdings) is an American multinational mass media conglomerate headquartered in Philadelphia, Pennsylvania, orignally founded in 1953. It is the largest broadcasting and cable television company in the world by revenue, the second largest pay-TV company in the world, the largest cable TV company in the world, the largest home Internet service provider in the United States, and the nation's third largest home telephone service provider.
Comcast services U.S. residential and commercial customers in 40 states and the District of Columbia. As the owner of international media company NBCUniversal since 2011, Comcast also owns multiple cable-only channels (including E! Entertainment Television, the Golf Channel, and NBCSN), over-the-air national broadcast network channels (NBC and Telemundo), the film studio Universal Pictures, and Universal Parks & Resorts. Comcast also has significant holding in digital distribution through thePlatform.
In February 2014, the company agreed to merge with Time Warner Cable in an equity swap deal worth $45.2 billion. Under the terms of the agreement, Comcast was to acquire 100% of Time Warner Cable. However, on April 24, 2015, Comcast terminated the agreement.
Despite being publicly traded, Comcast is a family-owned business, with the Roberts family owning a controlling stake and multiple generations serving as company executives.
Divisions and subsidiariesEdit
- Main article: List of assets owned by Comcast