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| Pennsylvaniaxl » Pennsylvania Economy » Fortune 500 Companies in Pennsylvania: Comcast |
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Fortune 500 Companies in Pennsylvania: Comcast
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Comcast Corporation is basically a cable company and Internet service provider that is the largest in Philadelphia, Pennsylvania and the second largest in the United States. Presently almost 24.1 million cable customers are being served by Comcast among which 14.1 million are digital cable customers. This Fortune 500 Companies in Pennsylvania: Comcast provides 12.4 million customers with high-speed internet connection. Around 3.5 million voice customers are offered service by Comcast. |
Presently Comcast Corporation is also offering broadband cable network and television programs. This Fortune 500 Companies in Pennsylvania: Comcast boasts of around 90,000 employees in their corporate offices spread over Denver, Houston and Detroit. In the year 1963, Ralph J. Roberts, Edward Rex, Julian A. Brodsky and Daniel Aaron founded the company, Comcast Corporation. With a recommendation from Warren “Pete” Musser, of Hamburg, Ralph bought the cable system in Tupelo, Mississippi and in 1969, incorporated it in Pennsylvania. The previous name of American Cable Systems was then changed to Comcast Corporation. The name “Comcast” has been derived from the phrase “Communication and Broadcasting”.
Later on, this Fortune 500 Companies in Pennsylvania: Comcast moved to the field of programming content. Presently, Comcast is the owner of the majority of shares of Comcast Sports Net, Comcast-Spectator, E! Entertainment Television, G4, The Golf Channel, Versus, Style Network, etc.
Comcast is presently at the 84th rank among the Fortune 500 Companies. Mr. Brian L. Roberts is the CEO of the Comcast Corporation Pennsylvania. Total revenue earned by Comcast is $25,700 million. The annual profit rate of the company is $2,533 million. The present market value of this asset is $81,606.8 million. The stockholders’ Equity of Comcast is $41,167 million.
In 2006, the Fortune 500 Companies in Pennsylvania: Comcast started a network called CN8. This network is exclusively available to Comcast and Cablevision subscribers. The shows, entertainment, sports and news on this channel can be viewed by the audience in Pittsburgh, New York and Richmond. From 2005, a new division of Comcast Interactive Media has started focusing on online media. Presently the Fortune 500 Companies in Pennsylvania: Comcast caters to cable viewers and internet users in the USA.
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