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Comcast Corporation Overview - Essay Example

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Summary

The paper 'Comcast Corporation Overview" states that at the end of 2008 the business had accumulated total assets of $113,017 with a healthy debt to equity ratio of 0.64. Due to the growing competition from satellite companies, Comcast must invest its advertising money well to get the maximum impact…

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Subject: Miscellaneous
Type: Essay
Level: Ph.D.
Pages: 1 (250 words)
Downloads: 3
Author: feeneycandida

Extract of sample "Comcast Corporation Overview"

Comcast Corporation was founded in 1963 as a telecommunication business. The firm has evolved to become the world largest of the cable service provider. The enterprise has over 100,000 employees throughout the United States. The products and services the company offers include video, high-speed internet, digital voice, internet via wireless cards, and complete media business packages. The corporate headquarters are located in Philadelphia. The customer portfolio of the enterprise is very impressive.

The company has 23.8 million cable customers, 15.7 million high-speed Internet customers, and 7.4 million voice customers. The business is incorporated as a publicly-traded company registered in the NASDAQ under the symbols CMCSA and CMCSK. As of November 30, 2009, the value of the firm’s CMCSA stock was priced at $14.66. Brian L. Roberts is the current chief executive officer in charge of Comcast Corporation. There are several Cable Networks that belong to Comcast. Four of those networks are TV One, G4, the Style Network, and E!

Entertainment Television. During the fiscal year, 2008 Comcast achieved yearly revenues of $34,256 and a net income of $2,547. The net profit margin for 2008 was 7.44%.

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