FOR IMMEDIATE RELEASE

COMCAST COMPLETES ACQUISITION OF LENFEST


Philadelphia, PA - January 18, 2000: Comcast Corporation announced today that it
has completed the acquisition of Lenfest  Communications,  Inc.  (Lenfest),  the
nation's  ninth  largest  cable  television   operator.   The  acquisition  adds
approximately  1.25 million cable subscribers to Comcast Cable,  solidifying its
position as the third largest cable operator and creating one of the largest and
most concentrated broadband operations in the country.

With the addition of Lenfest and other pending transactions,  Comcast Cable will
serve over 8.2 million customers. More than four million of these customers will
be located in the  mid-Atlantic  region,  stretching from New Jersey to suburban
Washington,  D.C.  Comcast  views  geographic  consolidation  of key  markets as
critically  important to the  company's  future,  enhancing its ability to offer
expanded digital video and high-speed  Internet access services to its customers
and helping  accelerate  deployment of future services,  such as residential and
commercial telephone, through its networks.

"This is a  red-letter  day in the history of Comcast,"  said Ralph J.  Roberts,
chairman of Comcast Corporation.  "Two great cable companies, both of which have
their  roots  in the  Philadelphia  area,  are  now  one.  Gerry  Lenfest  is an
extraordinary entrepreneur, and he has built a great business in Suburban Cable.
We  salute  Gerry  for all  that he has  accomplished.  We now look  forward  to
officially welcoming Suburban Cable customers into the Comcast family."

"I did not take lightly the importance of turning over the ownership of Suburban
Cable,  the  company  we built  over the last  twenty-five  years,  to the right
successor," said H.F. (Gerry) Lenfest,  president and chief executive officer of
Lenfest. "I am most pleased that the ownership of Suburban will pass to Comcast.
Comcast is headquartered  in Philadelphia  and has grown into a major,  national
diversified  communications company under the able leadership of Ralph and Brian
Roberts and their  management  team.  I am  confident  that the  Suburban  cable
operations  and our  employees  will  benefit  from  being  part of the  Comcast
family."

Comcast Corporation  (www.comcast.com  [http://www.comcast.com] ) is principally
engaged in the development, management and operation of broadband cable networks
and  in  the  provision  of  content   through   principal   ownership  of  QVC,
Comcast-Spectacor   and  Comcast  SportsNet,   a  controlling   interest  in  E!
Entertainment Television and through 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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