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Berkshire Hathaway names Comcast's Burke to board

Tue, 12/22/2009 - 7:10am
The Associated Press

OMAHA, Neb. (AP) – Billionaire Warren Buffett's Berkshire Hathaway Inc. on Tuesday named Stephen Burke, the chief operating officer of Comcast Corp., to its board of directors.

Buffett said in a statement that Burke, 51, is "keenly interested" in the company.

Burke also is president of Comcast Cable Communications, a unit of Comcast.

Berkshire did not say if Burke was replacing anyone on the board. A representative could not immediately be reached for comment.

Berkshire owns a small stake in Comcast – 12 million shares, which amounts to less than half of a percent, according to CapitalIQ.

Class A shares of Comcast slid a penny to $17.36 in morning trading. Berkshire's Class B shares slipped $2.37 to $3,296.58.

More Broadband Direct 12/22/09:
•  Cable Euro Labs starts middleware project
•  CableLabs' Liao supports more technical resources for FCC
•  In the media: TWC badgered about content deal
•  Report: Disney, CBS kicking tires on Apple's video service
•  Clearwire commences rights offering
•  Berkshire Hathaway names Comcast's Burke to board
•  FairPoint creates new positions in New England
•  Broadband Briefs for 12/22/09
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