|
|
Article: Comcast's Roberts passes power to son. (Chairman Ralph Roberts; son is company president Brian Roberts)
- Article from:
- Multichannel News
- Article date:
- November 3, 1997
- Author:
CopyrightCOPYRIGHT 1997 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PHILADELPHIA - In an expected transfer of power at one of the nations biggest MSOs, Comcast Corp. last week disclosed that chairman Ralph Roberts has transferred voting control of the company to his son, company president Brian Roberts.
Comcast said Ralph Roberts transferred control of the 8.8 million supervoting Class B shares held by the family's holding company, Sural Corp., to Brian Roberts. Sural has 82 percent of voting power in the company. As a result, Brian Roberts, who has been company president since March 1990, has voting control over the company and its subsidiaries, Comcast Cable Communications Inc., Comcast Cellular ...