Comcast's Roberts passes power to son. (Chairman Ralph Roberts; son is company president Brian Roberts)
Multichannel News, November, 1997 by Gibbons, Kent
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 Holdings Inc. and Comcast U.K. Cable Partners Ltd.
"It's just another stage in a series of stages that are being taken for...
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