Who owns Comcast?

Comcast was founded in 1963 by Ralph J. Roberts in conjunction with Daniel Aaron and Julian A. Brodsky. The trio purchased American Cable Systems as a corporate spin-off from its parent Jerrold Electronics for $500,000. In 1965, American Cable Systems purchased Storecast Corporation of America.

The company was reincorporated in Pennsylvania in 1969 under the new name Comcast Corporation. Comcast's initial public offering occurred in June 1972 with a market capitalization of $3,010,000.

Comcast is headquartered in Philadelphia, Pennsylvania, and is broken down into three divisions:

• Comcast cable

• NBC Universal

• Sky

Comcast is a telecommunications conglomerate and is the second largest broadcasting and cable television company in the world by revenue (behind ATT). Comcast is the largest pay-TV company, the largest cable TV company, and the largest home internet service provider in the United States. It's the third largest home telephone provider.

Comcast is the parent company of the international media company NBC Universal and is a producer of feature films for theatrical exhibitions, over-the-air, and cable television programming. In 2021, Comcast had annual revenue of $116.39 billion with over 189,000 employees working for the company.