Monday, 22 June 2015

Pioneer of US cable TV and founder of Comcast, Ralph Roberts passes away

A pioneer of US cable television and the founder of Comcast, one of the largest entertainment companies in the US, Ralph Roberts passed away at the age of 95 in Philadelphia on 18th June. Roberts is known to build the robust and global Fortune 50 media and technology leader, Comcast from a small and region cable TV system in Mississippi.
Roberts began his career in the fledgling cable industry in his 40s. He started the company with a $500,000 purchase of American Cable Systems, a company with 1,200 subscribers in Tupelo, Mississippi. Through a long series of acquisitions and expansions, he then gained territory in other states and established the American cable television business. This was followed by the name change of the company to Comcast. He ran the company until he was in his 80s and then handed the baton to one of his sons, Brian. Roberts also worked in advertising and ran a men’s apparel company before starting Comcast.
Roberts is survived by his 72 years old wife, Suzanne, four of his five children and eight grandchildren. He was predeceased by a son, Douglas, in 2011. Brian is the only one of his children who went into the family business.

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