HomeMy WebLinkAboutCAG1993-0577 - Supplement - Internal Ownership Structure Change - 06/16/2014 COMCAST
June 16,2014
RECEIVED
Ronald Moore
City Clerk JUN 2 0 2014
City of Kent
220 Fourth Ave S CITY OF KENT
Kent,WA 98032 CITY CLERK
Re: Comcast of Washington IV, Inc.
Dear Mr.Moore:
Consistent with our desire to keep you fully informed regarding activities that relate to the cable service
provided by Comcast, I am writing to let you know about a minor change to the internal ownership
structure of Comcast of Washington IV,Inc.,which holds the cable franchise in Kent. As part of an
internal reorganization,we merged Comcast of Washington IV, Inc. into its corporate affiliate Comcast
Cable Communications Management, LLC, effective as of June 4,2014. Both companies are wholly-
owned indirect subsidiaries of Comcast Corporation.
The primary differences between a corporation and an LLC involve how they are treated for tax purposes,
and how the entities are governed. Corporations are separate entities for tax purposes,while LLCs are
"flow through"organizations to their members. It has no impact whatsoever on the payment of franchise
fees or any other financial obligation under your cable franchise.
This change does not affect the obligations or liabilities created by the franchise agreement and does not
change the ultimate control of the entity holding your cable franchise by Comcast Corporation. In
addition,this change will not affect the management or day-to-day operations of the cable system.
If you have any questions,please call me at(253)288-7496.
Sincerely,
Terry Davis
Director,Franchising and Government Affairs
cc: Janet L. Turpen, Comcast
Dea Drake, City of Kent