Comcast, Current TV Expand Relationship
March 27, 2006
The Associated Press / New York
Comcast Corp., the nation's largest cable provider, said Monday it has agreed to significantly increase distribution of the television network founded by former Vice President Al Gore, saying the network will now reach 8 million customers.
Comcast said the agreement will increase distribution of the network, Current TV, in nearly all of its systems across the country by June 1. The deal means 8 million Comcast customers will have access to the network, up from 500,000. It also expands the network's overall distribution from 20 million to 28 million U.S. households.
Matt Bond, executive vice president of content acquisition for Comcast, said in a statement that "Current has a dedicated and growing audience, and we are pleased to make it available to more of our digital cable customers."
Current TV launched last August 1 with short-form, non-fiction segments called "pods," on subjects ranging from music and relationships, to politics and parenting.
Comcast shares edged up 1 cent to $26.57 in morning trading on the Nasdaq.
Source: Business Week
http://www.businessweek.com/ap/financialnews/D8GK07DG1.htm?campaign_id=apn_home_down&chan=db