said by Sammer :

IOW AT&T sold its cable interests (mostly from the purchase of TCI) to Comcast.

COMCAST COMPLETES AT&T BROADBAND TRANSACTION
Company to Focus on Basic Video,Deploying Broadband Cable and Internet, and Customer Service

Philadelphia - November 18, 2002 - Comcast Corporation (NASDAQ: CMCSA;
CMCSK) today announced that its transaction with AT&T Broadband is complete,
bringing together cable assets serving more than 21.4 million subscribers in 41
states.

The new Comcast Corporation, formerly named AT&T Comcast Corporation,
provides digital cable to 6.3 million customers, high-speed data to more than 3.3
million customers and cable phone service to more than 1.3 million customers.
Brian L. Roberts, Chief Executive Officer of Comcast, said, "This is an historic
moment for the entire Comcast family - including our employees, customers and
shareholders. This vibrant new company is a leader in serving consumers with
exciting new products and technologies, and is focused on providing the highest
standards in customer service.

"Comcast is a financially strong company uniquely positioned to generate
significant benefits for our customers and shareholders alike. Our focus now
turns to bringing all of our cable systems up to the Comcast standard, quickly
moving to deploy digital cable and data to meet the growing demand for these
products, and continuing to deliver consistently strong financial results. I'm
excited for the many opportunities that lie ahead of us," said Mr. Roberts.

C. Michael Armstrong, Chairman of Comcast, said, "Today marks the birth of a
leading national broadband communications media and entertainment company.
The people of Comcast and AT&T Broadband should be proud of what they have
created, and excited for the opportunities that the future is sure to bring. I'm
looking forward to working closely with Brian and the management team to help
realize the potential of this great new company."

Under the terms of the previously announced transaction, AT&T has spun off
AT&T Broadband and combined it with Comcast. As a result, AT&T
shareholders are entitled to receive 0.3235 shares of the new Comcast
Corporation Class A common stock in respect of each share of AT&T common
stock they owned at the close of business on Friday, November 15, 2002, the
record date for the spin-off, and will continue to hold their shares of AT&T
common stock. Comcast shareholders will receive for each share of old
Comcast common stock one share of the corresponding class of the new
Comcast common stock.

The new Comcast common stock will begin trading under the NASDAQ symbols
CMCSA and CMCSK on Tuesday, November 19th .

The Comcast Board of Directors consists of 12 directors. The five directors
appointed by Comcast from its board are: Decker Anstrom, Sheldon M. Bonovitz,
Julian A. Brodsky, Brian L. Roberts and Ralph J. Roberts. The five directors
appointed by AT&T from its board are: C. Michael Armstrong, J. Michael Cook,
George M.C. Fisher, Louis A. Simpson and Michael Sovern. The jointly
appointed board members are: Kenneth J. Bacon and Dr. Judith Rodin.