July 7, 2004 |
Stephen Burke, president of Comcast Corp.'s cable division, was named to the additional post of chief operating officer of the nation's biggest cable television company. Burke will remain as head of Comcast Cable, which will operate with a restructured leadership team. Before coming to Comcast in 1998, Burke was an executive with Walt Disney Co., where he was president of ABC Broadcasting. Shares of Philadelphia-based Comcast fell 70 cents to $27.26 on Nasdaq.
April 15, 2005 |
A Seattle-area woman has sued Comcast Corp. for disclosing her name and contact information. Dawnell Leadbetter said she was contacted by a debt collection agency in January and told to pay $4,500 for downloading copyright-protected music or face a lawsuit. Leadbetter, a mother of two teenage children, was a subscriber to Comcast's high-speed Internet access. She said the agency was able to track her down using information that the Recording Industry Assn.
February 15, 2008 |
Comcast Corp., the nation's largest cable operator, reported a 54% gain in fourth-quarter profit on solid revenue gains that were boosted by acquisitions and customers' increased spending for cable TV. In a bow to the desires of agitated shareholders unhappy with its weakened stock price, Comcast also said it would start paying a 6.25-cent quarterly dividend beginning at the end of April that is expected to increase over time. Comcast's stock was up $1.43 to $19.24.
January 11, 1997 |
Comcast Corp. has won the right to buy Time Warner Inc.'s controlling stake in cable's E! Entertainment Television, the celebrity news network, for $321 million. Comcast, the nation's fourth-largest cable company, said it should decide by early next month whether to proceed. Philadelphia-based Comcast is one of five cable operators that are partners in the network. Late last year, they kicked off the process for a change in ownership. E!, which is 58.
February 14, 2002 |
Comcast Corp. promised amid criticism Wednesday to stop immediately recording the Web browsing activities of its 1 million high-speed Internet subscribers. One congressional member said collecting the data might have broken federal law. The president of Comcast's cable communications division, Stephen Burke, said the company will stop storing the information.
October 29, 2002 |
Comcast Corp. posted third-quarter net income of $75.6 million, or 8 cents a share, an improvement over its net loss of $106.8 million, or 11 cents a share, for the same period last year. Revenue at the Philadelphia-based cable television system operator was up 12.7% to $2.7 billion for the period. Comcast also said that it expects to complete its merger with AT&T Corp.'s cable unit next month. The deal, which the companies value at $47.