The Big Cheesesteak: Comcast to stay in Philly, NBCUniversal in NYC

A little-regarded part of the Comcast's (Nasdaq: CMCSA) $30 billion NBCUniversal acquisition was a pledge by the nation's largest MSO to remain headquartered in Philadelphia where the company lives in the city's tallest building. Already having supplanted Denver as the capital of cable, this could be a sign that Philadelphia might soon become Hollywood East.

"Brian and Ralph Roberts and Comcast executives are proud to head a Philadelphia-based company. Comcast employees will not be moving to New York. We do not intend to move NBCUniversal or Telemundo employees here," said Comcast EVP David Cohen.

It's been widely reported that one of the challenges facing new NBCU boss Steve Burke is changing the political atmosphere within the entertainment giant. Removing the seat of power from New York to Philadelphia should make that challenge easier--and it could keep Amtrak afloat for another decade.

For more:
- The Metro has this story

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