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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