 |

Cable Television - The History of Cable TV Cable television, formerly known as Community Antenna Television or CATV, was born in the mountains of Pennsylvania in the late 1940's.
|
 |
 |
 |

Comcast Cable Television: Comcast has grown from a single cable television operation to one of the world's leading communication companies, focused on broadband cable, electronic commerce and programming content.
 |
Comcast Cable Television
Comcast, based in Philadelphia, is the largest cable company in the
United States. They develop broadband cable networks and are
involved in electronic retailing and television programming content.
Comcast was founded in 1963 by Ralph J. Roberts, Daniel Aaron, and
Julian A. Brodsky. The company was incorporated in Pennsylvania in
1969, under the name Comcast Corporation from American Cable
Systems.
The company has traded on the NASDAQ since 1972 and are
currently offered under the ticker symbols CMCSA and CMCSK. Comcast
bought 25% of Group W Cable in 1986, doubling their size. Two years
later, they bought a 50% share in Storer Communications, Inc. They
bought the American Cellular Network Corporation the same year
before combining with Metrophone in 1990.
Comcast became the third
largest cable operator in 1994 following their purchase of Maclean
Hunter's. Comcast has owned the majority of the electronic retailer
QVC since 1995. Following other acquisitions, Microsoft invested $1
billion in Comcast in 1997.
Moving into the area of programming
content, Comcast became majority owner of Comcast-Spectacor, Comcast
SportsNet (in Philadelphia and Washington, DC), 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 in 1998. After the sale of their 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 did not occur until three years later.
In
2001, Comcast announced they would acquire the assets of AT&T
Broadband (AT&T's 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. The company employs 60,000
staff and is now headed by Brian L. Roberts,son of Ralph J. Roberts.
|
 |
 |
 |

Links:
|
 |