EXHIBIT 99.1


Comcast                                                          PRESS RELEASE

Contact: Karen Dougherty Buchholz - 215-981-8520

FOR IMMEDIATE RELEASE

                   AT&T COMCAST MERGER PROCEEDING ON SCHEDULE

   Comcast Shareholders Approve Merger, Over 90% of Local Transfers Obtained

PHILADELPHIA, (Wednesday, July 10, 2002) - Today in Philadelphia, shareholders
of Comcast Corporation approved the merger of Comcast and AT&T Broadband, and
at the shareholder meeting it was announced that Comcast and AT&T are on
schedule to obtain community franchise transfers in time for the merger to
close during the fourth quarter of 2002.

     "We proposed the creation of AT&T Comcast because it offers many benefits
to customers and shareholders, and I'm pleased to announce today that we have
taken a major step forward towards the creation of this new company," said
Comcast President Brian L. Roberts.

     In addition to shareholder approval, more than 90% of the communities
(representing 80% of subscribers) that are reviewing the transfer of their
franchise to AT&T Comcast have approved the transfer.

     The merger received the necessary votes for approval with approximately
99.8% of the votes cast by Comcast shareholders in favor of the merger and
99.8% of the votes cast in favor of the corporate governance provisions of the
new company's charter. The company's Class A shareholders by a required
separate class vote approved the "preferred" capital structure for the new
company, with approximately 96.7% of the votes cast approving.

     Closing of the merger also is conditioned upon the receipt of certain
federal regulatory approvals. Slides from today's shareholder meeting
presentation will be available within 24 hours on Comcast's investor relations
website at www.cmcsk.com.

This press release contains forward-looking statements. Readers are cautioned
that such forward-looking statements involve risks and uncertainties that could
significantly affect actual results from those expressed in any such
forward-looking statements. Readers are directed to Comcast's Quarterly Report
on Form 10-Q for a description of such risks and uncertainties.

About Comcast

Comcast Corporation (www.comcast.com) is principally involved in the
development, management and operation of broadband cable networks, and in the
provision of electronic commerce and programming content. Comcast Cable is the
third largest cable company in the United States serving more than 8.5 million
cable subscribers. Comcast's commerce and content businesses include majority
ownership of QVC, Comcast-Spectacor, Comcast SportsNet, The Golf Channel,
Outdoor Life Network, G4, a controlling interest in E! Networks, and other
programming investments. Comcast's Class A Special and Class A Common Stock are
traded on The Nasdaq Stock Market under the symbols CMCSK and CMCSA,
respectively.


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