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Comsat Corporation: Media And Technology Giant

December 14, 2015

Comsat Corporation was founded in 1963 by Ralph J. Roberts, Daniel Aron, and Julian A. Brodsky. The company is headquartered in Philadelphia, Pennsylvania. The company does business as a global media and technology company. It operates through five segments: Cable Communications, Cable Networks, Broad Cast Television, Filmed Entertainment, and Theme Parks segments.

The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators and well as Ethernet network services and online advertising services.

The Cable Networks segment operates national cable networks, which provide entertainment, news and information, and sports content; regional sports and news networks; international channels’ and cable television production operations, as well as owns digital media properties.

The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, and broadcast television production operations, as well as owns digital media properties.

The filmed Entertainment segment produces, acquires, markets, and distributes live-action and animated filmed entertainment under the Universal Pictures, and Illumination names. This segment also develops, produces and licenses stage plays, as well as owns digital media properties.

The Theme Parks segment operates the parks; studios, Island of adventures; and dining, retail and entertainment complex. It has Universal theme parks in Orlando and  Hollywood.

In terms of revenue Comsat is the largest broadcasting and largest cable company in the world. It is the second largest pay-TV company after the AT&T-Direct TV acquisition, largest cable TV company and largest home Internet service provider in the US, and the nation’s third largest home telephone service provider. Comsat services US residential and commercial customers in 40 states and the District of Columbia.

Comsat operates most of its philanthropic programs through its charitable arm, the Comsat Foundation. The organization is particularly focused on minority groups, such as the Hispanic National Council of La Raza.

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