Comcast Holds 2006 Annual Meeting of Shareholders
Comcast Corporation (Nasdaq: CMCSA, CMCSK), the nation's leading provider of cable, entertainment and communications products and services, today held its annual meeting of shareholders at the Wachovia Center in Philadelphia.
Comcast Chairman & CEO Brian L. Roberts reviewed Comcast's strong financial performance, including the addition of more than 8 million revenue generating units over the last three years, of which nearly one million were added during the first quarter of 2006, five straight years of double-digit operating cash flow growth, and the return of $5.7 billion in value to shareholders through the repurchase of Comcast stock and related securities through the first quarter.
Comcast is off to a strong start for 2006, and Roberts highlighted Comcast's opportunities for continued growth, which include marketing an integrated triple-play product offering to the majority of Comcast customers by the end of the year, and adding eight million Comcast Digital Voice customers by 2009.
At the meeting, shareholders overwhelmingly elected all board nominees, adopted all company-sponsored proposals, and defeated all shareholder proposals.
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (http://www.comcast.com) is the nation's leading provider of cable, entertainment and communications products and services. With 21.7 million cable customers, 9.0 million high-speed Internet customers, and 1.5 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
The Company's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, OLN, G4, AZN Television, PBS KIDS Sprout, TV One and four regional Comcast SportsNets. The Company 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. Comcast Class A common stock and Class A Special common stock trade on The NASDAQ Stock Market under the symbols CMCSA and CMCSK, respectively.