Comcast Annual Report Essay

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Comcast Corporation, Fiscal Year 2011 Kenya Newton Professor Kentaya Beeler 12/2/2012 The Comcast Corporation’s annual report holds a wealth of information not only about the company finances but company history and current assets. The report opens with the company’s name and logo, state of incorporation, address of principal executive offices, and the I.R.S. Employer identification number. The opening or introduction page also includes the most up to date stock information including the title of each class; which has the stock types (Common, Special Common, or Exchangeable subordinated debentures), and the values and dates due. The name of each exchange that the stock has been registered (NASDAQ Global Select Market or…show more content…
In this section of the Comcast Corporation’s annual report we find that Comcast is a Pennsylvania corporation and were incorporated in December 2001. Comcast has developed, managed and operated cable systems since 1963. On January 28, 2011, Comcast closed their transaction with GE in which they acquired a 51% controlling interest in the businesses of NBCUniversal, a leading media and entertainment company that develops, produces and distributes entertainment, news and information, sports, and other content to global audiences. As a result of the NBCUniversal transaction, Comcast reports their operations as the following five reportable business segments: Cable Communications (previously the Cable segment), Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. Other business interests primarily include Comcast Spectacor, which owns the Philadelphia Flyers and the Wells Fargo Center, a large, multipurpose arena in Philadelphia. Comcast Spectacor also owns Global Spectrum, which provides facilities management, and Ovations Food Services, which provides food services, for sporting events, concerts and other events. Comcast also own equity method investments in other cable networks and wireless-related

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