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COMCAST REPORTS WIDER THAN EXPECTED LOSSES IN FOURTH QUARTER

          Comcast Corp. reported "much wider losses" for its
     fourth quarter of '97 and the full year ended December 31,
     although annual revenues increased 21.6%, according to
     Richard Morgan of VARIETY.  Comcast posted a fourth quarter
     loss of $81.4M, compared with a loss of $25.7M a year
     earlier, while its year-end loss of $238.7M compared with a
     loss of $53.5M in '96.  Comcast saw a 19.3% gain in revenue
     for the quarter, from $1.17B a year earlier to $1.39B in
     '97.  Annual revenues grew to $4.91B in '97 from $4.04B in
     '96.  Comcast attributed its fourth quarter loss "primarily"
     to the rollout of a nationwide personal communications
     service in partnership with Sprint PCS (VARIETY, 2/24). 

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Related Topics:

Comcast-Spectacor, Finance, Sprint

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