Cable TV company has gone from Tupelo to 30 Rock

Posted on February 13, 2013

FILE - This combination of Associated Press file photos shows, left, a sign outside the Comcast Center in Philadelphia in July 2010 and right, the entrance to the Universal Studios theme park in Los Angeles, on Dec. 3, 2009. Comcast said on Tuesday, Feb. 12, 2013, that it's buying General Electric's 49 percent stake in NBCUniversal joint venture for $ 16.7 billion. Comcast Corp. had bought a majority stake in the television and movie company in 2011. It had planned to take a larger stake in it over time. (AP Photo)PHILADELPHIA (AP) — Comcast Corp. dates back to 1963, when businessman Ralph Roberts got into the cable TV business in its early days. He spent $ 500,000 for American Cable Systems, a company in Tupelo, Miss., that strung up cable to carry TV broadcasts to homes that couldn't get clear reception with antennas.


Full Story Via Tech News Headlines – Yahoo! News

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