Business Analysis of Comcast Corporation Essay -- Comcast Business Mar

Business synopsis of Comcast bay windowComcast Corporation, based in Philadelphia, Pennsylvania, is the largest crinkle society in the United States. Comcast develops wideband melody clear upworks and are winding in electronic retailing and goggle box program content.Comcast was founded in 1963 by Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky in Tupelo, Mississippi. Entrepreneurs who trans attained Comcast from a small dividing line community to a massive corporation that employs all over 68,000 people. Of course, with mergers as well as buying other companies, they were taking a great risk. Their risk taking has been a proven success. The company was incorporated in Pennsylvania in 1969 under the name Comcast Corporation from American Cable Systems. Over the undermentioned 30 years, Comcast grows to become the well-known company it is today. Moving into the area of programming content, Comcast became majority owner of Comcast-Spectacor, Comcast SportsNet (In Ch icago, Philadelphia, and Washington/Baltimore area), and E Entertainment Television and entitle Network, G4, The Golf Channel and the Outdoor spirit Network over a period of years.The UK division was sold to NTL (National Transcommunications Limited) in 1998, a European cable/cellular company. After the change of their cellular division to SBC Communications of San Antonio and the achievement of Greater Philadelphia Cablevision in 1999, Comcast and MediaOne announced a $60 billion merger, which occurred leash years later. In 2001, Comcast announced they would sweep up the assets of AT&T broadband (AT&Ts cable TV service). In 2002 Comcast acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States. In 2002, Comcast paid the University of mendelevium an undisclosed amount for appellation rights to the new basketball arena strengthened on the campus, named Comcast Center.In staying warring with other companies, Comcast has always tried to control the advantage by offering the latest technology. In 2001, Comcast launched high-definition television (High commentary Television). HDTV is a form that provides crystal-clear quality wide-screen pictures with compact disc-quality dodge sound. The aspect ratio of HDTV pictures is 169 as impertinent to todays 43 format. Comcast also launched Video-On-Demand service (VOD) in 2001. VOD, which is now simply called On Demand, allows one to play news, TV progra... ...t losses of affiliates (22) (27) (88) (60)Other income 312 11 394 7174 (132) (1,098) (2,091)Income (Loss) from Continuing trading trading operations out front Income Taxesand Minority absorb 785 610 1,810 (137)Income tax income (expense) benefit (360) (215) (826) 16Income (Loss) from Continuing trading operations Before Minority Interest 425 395 984 (121)Minority recreate (2) (12) (14) (97)Income (Loss) from ContinuingOperations 423 383 970 (218)Income from ceaseoperations, net of tax (1) - - - 168Gain on discontinuedoperations, net of tax (1) - - - 3,290Net Income $423 $383 $970 $3,240 reduce earnings (loss)per common shell outIncome (loss) from chronicoperations $0.19 $0.17 $0.43 ($0.10)Income from discontinuedoperations - - - 0.08Gain on discontinued operations - - - 1.46Net Income per common share $0.19 $0.17 $0.43 $1.44Diluted weighted average do ofcommon shares outstanding 2,228 2,269 2,250 2,2561) On September 17, 2003, the Company completed the sale of itsapproximate 57% interest in QVC, Inc. Accordingly, the results of QVCare presented as discontinued operations.REFERENCEComcast Website www.comcast.net Business Analysis of Comcast Corporation Essay -- Comcast Business MarBusiness Analysis of Comcast CorporationComcast Corporation, based in Philadelphia, Pennsylvania, is the largest cable company in the United States. Comcast develops broadband cable networks and are involved in electronic retailing and television programming content.Co mcast was founded in 1963 by Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky in Tupelo, Mississippi. Entrepreneurs who transformed Comcast from a small cable company to a massive corporation that employs over 68,000 people. Of course, with mergers as well as buying other companies, they were taking a great risk. Their risk taking has been a proven success. The company was incorporated in Pennsylvania in 1969 under the name Comcast Corporation from American Cable Systems. Over the next 30 years, Comcast grows to become the well-known company it is today. Moving into the area of programming content, Comcast became majority owner of Comcast-Spectacor, Comcast SportsNet (In Chicago, Philadelphia, and Washington/Baltimore area), and E Entertainment Television and Style Network, G4, The Golf Channel and the Outdoor Life Network over a period of years.The UK division was sold to NTL (National Transcommunications Limited) in 1998, a European cable/cellular company. After the sale of t heir cellular division to SBC Communications of San Antonio and the acquisition of Greater Philadelphia Cablevision in 1999, Comcast and MediaOne announced a $60 billion merger, which occurred three years later. In 2001, Comcast announced they would acquire the assets of AT&T Broadband (AT&Ts cable TV service). In 2002 Comcast acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States. In 2002, Comcast paid the University of Maryland an undisclosed amount for naming rights to the new basketball arena built on the campus, named Comcast Center.In staying competitive with other companies, Comcast has always tried to have the advantage by offering the latest technology. In 2001, Comcast launched HDTV (High Definition Television). HDTV is a form that provides crystal-clear quality wide-screen pictures with compact disc-quality surround sound. The aspect ratio of HDTV pictures is 169 as opposed to todays 43 format. Comcast also lau nched Video-On-Demand service (VOD) in 2001. VOD, which is now simply called On Demand, allows one to play news, TV progra... ...t losses of affiliates (22) (27) (88) (60)Other income 312 11 394 7174 (132) (1,098) (2,091)Income (Loss) from ContinuingOperations before Income Taxesand Minority Interest 785 610 1,810 (137)Income tax (expense) benefit (360) (215) (826) 16Income (Loss) from ContinuingOperations Before Minority Interest 425 395 984 (121)Minority interest (2) (12) (14) (97)Income (Loss) from ContinuingOperations 423 383 970 (218)Income from discontinuedoperations, net of tax (1) - - - 168Gain on discontinuedoperations, net of tax (1) - - - 3,290Net Income $423 $383 $970 $3,240Diluted earnings (loss)per common shareIncome (loss) from continuingoperations $0.19 $0.17 $0.43 ($0.10)Income from discontinuedoperations - - - 0.08Gain on discontinued operations - - - 1.46Net Income per common share $0.19 $0.17 $0.43 $1.44Diluted weighted average number ofcommon shares outstanding 2,228 2,269 2,250 2,2561) On September 17, 2003, the Company completed the sale of itsapproximate 57% interest in QVC, Inc. Accordingly, the results of QVCare presented as discontinued operations.REFERENCEComcast Website www.comcast.net