Business Services Industry
$800,000 Payment Threatens Comcast's License in Sacramento County, Calif.
Knight Ridder/Tribune Business News, March, 2004
The Sacramento Bee, Calif. Knight Ridder/Tribune Business News
Mar. 26--Sacramento cable television regulators are threatening to pull Comcast's license to serve Sacramento County unless the cable giant agrees to pay nearly $800,000 in back franchise fees.
Richard Esposto, executive director of the Sacramento Metropolitan Cable Television Commission, will recommend such an action at the body's next meeting on April 3 unless Comcast pays the money by April 1.
The figure comes after an audit that found Comcast and its predecessor, AT&T Broadband, underreported revenue during a four-year period ending in 2002. The revenue is used to determine the annual franchise fee.
Esposto said he was recommending such extreme action because...
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