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Comcast
Nation's leading cable
TV operator.
Headquarters:
1500 Market St.
Philadelphia, PA 19102
Employees: 90,000
CEO: Brian Roberts
Stock Symbol: CMCSA
Website:
http://www.comcast.com
Career
Site
Comcast is the nation's leading provider of cable TV, broadband
and entertainment services. The company provides cable TV to
more than 24.1 million customers with 15.2 million subscribing
to digital cable in 39 states and the District of Columbia.
Comcast ended 2007 with 13.2 million high-speed
Internet subscribers, or 27% penetration of homes passed. The
company reported a total of 4.6 million digital phone customers
or 10.4% of available homes.
Comcast operates content networks and investments
include E! Entertainment Television, Style Network, The Golf
Channel, VERSUS, G4, PBS KIDS Sprout, TV One, Comcast SportsNet
and Comcast Interactive Media, which develops and operates Comcast's
Internet business. Comcast also has a majority ownership in Comcast
Spectacor, whose major holdings include the Philadelphia Flyers
NHL hockey team, the Philadelphia 76ers NBA basketball team and
two large multipurpose arenas in Philadelphia.
There are 80,000 employees with the company,
18,000 in the content divisions and 62,000 in cable operations.
In 2007, Comcast had revenues of $30.8
billion, up 24% from the previous year, and net income of $2.58
billion.
The company has 90,000 total employees
nationwide; 75,000 cable; 15,000 content and other areas.
History
Starting with the purchase of a single
cable television system in Tupelo, MS, in 1963, Ralph Roberts
went on to create the largest cable television company in the
United States. The company went public in 1972. In 2002, Comcast
merged with AT&T Broadband. Ralph Robert is now Chairman
of the Executive Committee at Comcast and his son is the Chairman
and CEO.
In November 2007, Comcast acquired The
Walt Disney Company's 39.5 percent ownership stake in E! Networks
for $1.23 billion, which includes E! Entertainment Television
and Style Network. Comcast now has full ownership of the networks.
Outdoor Life Network changed its name to
Versus in 2007.
Benefits
Healthcare Coverage
Employees are eligible for comprehensive medical and prescription,
dental and vision coverage.
Life Insurance
Basic Life Insurance provides a benefit of 1 1/2 times annual
base earnings. Employees have the option to purchase additional
life insurance, spousal life insurance and child life insurance.
Disability
Short term disability benefits may continue for up to 26 weeks
per calendar year. The short-term disability program is fully
funded by Comcast. Employees can also elect long-term disability
coverage.
Leave of Absence
If eligible, employees may request leave to take time off for
events such as military duty, birth of a child, adoption of a
child, bereavement, or in the event of their own or immediate
family members' illnesses. Except for military leave, leaves
of absence must be approved by management and may be granted
in six-month intervals.
Employee Assistance Program (EAP)
The EAP provides assistance with a wide range of personal issues
and concerns on a confidential basis.
Education
Comcast reimburses up to $5250 per calendar year for approved
undergraduate and graduate degree-completion programs.
Vacation/Holiday
Through a combination of vacation days, flex time, and floating
and paid holidays, newly hired employees can have up to 22 paid
days off during the first year of employment.
Future Investments
401K - Retirement Investment Plan
Employees are eligible for tax-deferred savings of up to 50%
(or up to the annual IRS limits) of qualified earnings through
a payroll deduction and can choose from a variety of investment
funds. Comcast matches 100% of an employee's first 6% of savings.
Employee Stock Purchase Plan (ESSP)
The ESSP offers employees an opportunity to purchase shares of
Comcast stock at a 15% discount. Each quarter, eligible employees
may elect to contribute up to 10% of their pay (not to exceed
$10,000 per year) toward the purchase of Comcast stock through
payroll deductions. At the end of the quarter, the contributions
will be used to purchase shares.
Additional Voluntary Benefits
Comcast offers voluntary benefits including pre-paid legal services,
property casualty insurance, pet insurance and long-term care
insurance through convenient after-tax payroll deductions.
Free Cable and OnLine Service
Courtesy Cable
- employees are provided with the basic service, all pay services,
discounted Pay-Per-View, and two outlets. Eligible employees
must be in a Comcast-serviceable area, or an area in which we
have a reciprocal agreement with the local cable provider.
Courtesy OnLine Service - Employees living within a Comcast-serviceable
area will receive one free cable modem, including installation.
Employees are responsible for the purchase of the network interface
card (NIC).
Updated February 14, 2008
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