Transcript: 'A Message from Brian L. Roberts, Chairman and Chief Executive Officer'

Hello and welcome to our interactive annual review for 2008.

We hope you enjoy this new format and find it useful and informative.

Now as I record this message in March of 2009, the country continues to experience unique and challenging economic times.

And yet, as we review Comcast’s performance in 2008 and look at the year ahead, we’re confident that we can continue to grow our business, and build a company that consistently delivers innovative products to our customers and builds long-term for you, our shareholders.
Let me share with you why.

In 2008, we met or exceeded all of our financial targets. We did that by focusing on profitable growth by adjusting to a rapidly changing environment and by concentrating on expenses, capital deployment, and the generation of significant free cash flow.

While we can’t anticipate precisely where the economy is headed, the diversity of our revenue streams the subscription nature of our businesses provide Comcast with a strong foundation for continued success.

Today we serve more than 1 in 5 television homes in America and are the nations premier and largest video provider. We deliver broadband Internet services to 1 in 6 online homes. And now we’re the largest residential provider of phone service in the country.

We’re also seeing real momentum as we deliver video, voice, and Internet products to small and medium-sized businesses.

Each of these product offerings is competitive and has exciting an product roadmap moving forward. And they’re delivered reliably on a common, scaleable, fiber-rich network.

So as we begin 2009, we are re-doubling our efforts to deliver a superior customer experience.

Simply put, we want Comcast customers to be amazed by the choices we offer, excited by the innovation we provide, and pleased with the service and reliability of their every interaction with us.

We made some real, measurable progress here in 2008, and I’m excited about initiatives we’re launching right now that put product innovation and customer focus at the center of everything we do.

At the same time, we are moving forward aggressively with our all-digital project to re-capture bandwidth and with our rollout of wideband to deliver next-generation web speeds to the majority of our customers.

With these two initiatives, which will be complete in the next 24 months or so, we will deliver mode digital and high-definition programming and even higher Internet speeds to our customers.

We also believe this will encourage even more innovation and products and featured over time.

As we continue to strengthen our competitive position, and grow our free cash flow, we have a stead, focus on disciplined capital allocation. Our highest priority remains to invest in the operating and strategic needs of our businesses while we continue to strengthen our balance sheet and return capital to shareholders.

Let me take this opportunity to thank each of our nearly 100,000 employees for your hard work and dedication.

It’s truly an honor for me to help lead this amazing company, and I want to thank you, our shareholders, for your continued support.