Company Overview

What's on your television tonight? There's a good chance it got there via Comcast, the United States’ leading provider of entertainment, information, and communications products and services. Founded in 1963 as a cable company in Tupelo, Mississippi, the Comcast Corporation now serves more than 24 million cable customers, 13.2 million high-speed Internet customers, and 4.6 million voice customers in 39 states. Comcast’s business interests beyond cable service are many and varied. The company owns majority interests in E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, Comcast SportsNet and Comcast Interactive Media. Comcast also owns a majority stake of Comcast Spectacor, with holdings such as the Philadelphia Flyers NHL team, the Philadelphia 76ers NBA team and the Wachovia Complex in Philadelphia.

The company claims a history of innovative financing, management, and technology development. It was the first to test and among the first to deploy high-speed cable modem services. It was a leader in building hybrid fiber optic/coaxial networks now used for broadband services. The Comcast Foundation funds qualified non-profit organizations that use communication technology as a means of education.

In 2007, Comcast Cable hired and trained more than 10,000 new employees to support higher service and installation activity, to support its revenue-increasing product additions and improve customer service. The same year, the number of Comcast's basic cable subscribers decreased by 180,000 (0.7 percent) to 24.1 million as 15.2 million (63 percent) of the company’s video customers upgraded to digital cable. Comcast also added a record 2.5 million digital cable customers in 2007, up 33 percent from the 1.9 million digital cable customers added in 2006. High-speed Internet revenue increased 18 percent to $6.4 billion in 2007—a 1.7 million or 15-percent increase in subscribers over 2006.