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Are Comcast and Corbett engaged in ‘perfectly legal corruption’? [Comcast Roundup]

"But just last February, Cohen surprised some by saying that he expected to support Republican Gov. Corbett and hosting an event that raised $200,000 for Corbett's stumbling campaign. The other day, Corbett came back to help Cohen's cable giant announce that it was going to build a second skyscraper in Philadelphia, the tallest building between New York and Atlanta. And to help Comcast -- which made more than $12 billion in profits its last full reporting year of 2012 -- get the job done, the governor came bearing gifts -- $30 million in construction grants and $4.5 million for job creation."

Comcast, Corbett, and the perfectly legal corruption we don’t even notice anymore [Philadelphia Daily News] “But just last February, Cohen surprised some by saying that he expected to support Republican Gov. Corbett and hosting an event that raised $200,000 for Corbett’s stumbling campaign. The other day, Corbett came back to help Cohen’s cable giant announce that it was going to build a second skyscraper in Philadelphia, the tallest building between New York and Atlanta. And to help Comcast — which made more than $12 billion in profits its last full reporting year of 2012 — get the job done, the governor came bearing gifts — $30 million in construction grants and $4.5 million for job creation. A cynic might say that a $34.5 million return on a $200,000 investment in Corbett is a pretty good return.”

Could Comcast’s New Tower Hurt the Commercial Real Estate Market? [PhillyMag] “The New York Times today examines what Comcast’s giant new tower might mean for the Philadelphia commercial real estate market. Maybe nothing—“It just shows there is significant demand in the marketplace,” one expert is quoted as saying—but maybe something.”

Internet and Cable Giant Comcast Will Soon Sell Electricity in Pennsylvania [GreenTech Media] “Robert Powelson, chairman of the Pennsylvania Public Utility Commission, said that Comcast was teaming up with a retail electric supplier in the state. The electricity offering could be rolled out in the fourth quarter of this year. A representative from Comcast would not provide details, but did confirm ‘this is something we’re exploring.'”

Comcast reportedly wants to nab millions of customers from Time Warner Cable [The Verge]

Comcast reports revenue, subscribers up in 4Q [Philadelphia Inquirer] “The nation’s largest cable company, Comcast Corp., added 43,000 TV subscribers in the fourth quarter of 2013 after losing more than two million TV customers in 26 consecutive quarters over a half-dozen years because of competing online video, satellite-TV providers, and telephone companies entering the TV business.”

Companies: Comcast / Time Warner Cable
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