Comcast Holds 2008 Annual Meeting of Shareholders

BOULDER, Colo., May 16, 2008 (ASCRIBE NEWS via COMTEX) -- CMCSA | news | PowerRating | PR Charts -- Comcast Corp., a provider of entertainment, information and communications products and services, this week held its annual meeting of shareholders at the Wachovia Spectrum in Philadelphia.

Comcast Chairman & CEO Brian L. Roberts discussed Comcast's solid performance in 2007, despite a slowing economy and intensifying competition in the second half of the year. He also discussed how Comcast has transformed into a new products company and how Comcast has successfully diversified its revenue streams.

Among the key highlights Roberts discussed were:

-Comcast delivered solid growth in revenue, operating cash flow, and earnings in 2007 and had a solid first quarter 2008, which demonstrates that the company s operating strategy is working. Thus far in 2008, the total return on Comcast s stock is over 20 percent.

-Comcast has a strong competitive position with diversified streams of revenue from video, High Speed Internet, Comcast Digital Voice, Comcast Business Class, programming and advertising.

-Comcast s Triple Play is available to more than 44 million homes.

-Comcast continues to return capital to shareholders. Since the inception of Comcast s stock repurchase program in December 2003 through the first quarter 2008, the company has invested $11.5 billion in its common stock and related securities, reducing the number of shares outstanding by 16 percent . Additionally, on February 14, Comcast's Board of Directors declared a $0.0625 quarterly cash dividend on Comcast common stock. The quarterly dividend totaling $185 million was paid on April 30.

-At the meeting, shareholders overwhelmingly elected all board nominees, adopted all company-sponsored proposals, and defeated all shareholder proposals.

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