comcast corp-class a (CMCSA) Key Developments
Comcast Corporation(NasdaqGS:CMCS.K) added to Russell 1000 Index
Jun 30 15
Comcast Corporation has been added to Russell 1000 Index.
Comcast Corporation(NasdaqGS:CMCS.K) added to Russell 3000 Index
Jun 30 15
Comcast Corporation will be added to the Russell 3000 Index.
Comcast Corporation Announces Demise of Founder and Chairman Emeritus, Ralph J. Roberts
Jun 19 15
Comcast Corporation is saddened to announce that its Founder and Chairman Emeritus, Ralph J. Roberts, died of natural causes last night in Philadelphia, PA. He was 95. Ralph Roberts was a born entrepreneur, great American businessman and philanthropist, who played a key role in the development of the cable television business. He founded Comcast in 1963 with the purchase of a 1,200-subscriber cable system in Tupelo, Mississippi. During his more than five decades at Comcast, Ralph became one of the most well-regarded executives in America. He was widely respected and admired for his visionary leadership and spirit, his passion for the business and his deep sense of integrity and courtesy.
Deutsche Telekom Reportedly In Talks With Comcast
Jun 17 15
Deutsche Telekom AG (DB:DTE) is reportedly in talks with Comcast Corporation (NasdaqGS:CMCS.A) about a potential sale of T-Mobile US, Inc. (NYSE:TMUS). Deutsche Telekom is in talks with several parties but Comcast is viewed as a more attractive buyer by the German telecoms provider's management. Comcast would be a better candidate as it is financially stronger and would be able to make an offer to buy all shares in T-Mobile US, Manager Magazine reported. Comcast isn’t interested in buying T-Mobile and hasn’t discussed a deal with Deutsche Telekom, said a person familiar with the matter. Comcast doesn’t want to risk pushing another deal in front of regulators so soon and hasn’t engaged in deal talks, said the person, who asked not to be named because the internal discussions are private. Manager Magazin in Germany reported that Comcast is interested in a deal with T-Mobile, citing people it didn’t identify.
The Litigation Trustee for the Houston Regional Sports Network Litigation Trust Files a Lawsuit Against Comcast Corp. and Several Related Entities and Individuals
Jun 11 15
The litigation trustee for the Houston Regional Sports Network Litigation Trust filed a lawsuit in U.S. Bankruptcy Court in Houston on June 11 against Comcast Corp. and several related entities and individuals. Houston Regional Sports Network LP, a partnership between the Houston Rockets, the Houston Astros and the NBC Sports Group of Comcast/NBC Universal, launched CSN Houston in October 2012. But it faced difficulties establishing distribution agreements with many major satellite and cable carriers, and it was forced into bankruptcy a year later. After a year of bankruptcy proceedings, a reorganization plan was approved to transfer CSN Houston's ownership to AT&T and DirecTV Sports Networks. CSN Houston went off the air in October 2014, and Root Sports Southwest replaced it in November 2014. The new lawsuit claims, "Comcast did everything in its power to financially impair the Debtor [Houston Regional Sports Network LP] so that Comcast would have the leverage to acquire the Debtor's great assets for itself at a significant discount." The lawsuit accuses Comcast of fraud, business disparagement, interference with prospective business relations, breach of fiduciary duty, breach of contract and conspiracy among the 13 counts included in the lawsuit. The plaintiff is seeking a trial by jury. Although no dollar figure is specified, the lawsuit seeks actual damages, nominal damages, exemplary damages, equitable relief and related court costs.