<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Comcast Corporation
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(Name of Issuer)
Class A Special Common Stock, $1.00 par
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(Title of Class of Securities)
200 300 20 0
----------------------
(CUSIP Number)
Donald E. Meihaus
312 Walnut Street, 28th Floor
Cincinnati, Ohio 45202
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 21, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 3 Pages
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<TABLE>
<CAPTION>
- --------------------------------------------- --------------------------------------------
CUSIP NO. 200 300 20 0 13D PAGE 2 OF 3 PAGES
- --------------------------------------------- --------------------------------------------
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<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
The Edward W. Scripps Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
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7 SOLE VOTING POWER
39,349,521
NUMBER OF -------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
39,349,521
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,349,521
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.8%
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14 TYPE OF REPORTING PERSON*
00
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.
Page 2 of 3 Pages
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Item 1. Security and Issuer.
--------------------
This Amendment No. 1 to Schedule 13D relates to Class A
Special Common Stock, $1.00 par value, of Comcast Corporation, a Pennsylvania
corporation ("Comcast Special Common Stock"), the principal executive offices of
which are located at 1500 Market Street, Philadelphia, Pennsylvania 19102-2148.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
On November 21, 1997, the Trust sold 17,000,000 shares of
Comcast Special Common Stock in a block trade transaction executed by Merrill
Lynch & Co. for $27.785 per share.
The Trust has agreed with Merrill Lynch & Co. that it will not
sell or dispose of additional shares of Comcast Special Common Stock during the
90 day period commencing on November 21, 1997. A copy of this agreement (the
"Lockup Agreement") is filed as Exhibit A herewith.
Following the aforesaid sale, the Trust beneficially owned
39,349,521 shares of Comcast Special Common Stock, representing approximately
12.8% of the outstanding shares of such stock based on a total of 308,407,111
shares of such stock reported to be outstanding by Comcast in its report on Form
10-Q for the quarter ended September 30, 1997.
Item 7. Material to be Filed as Exhibits.
---------------------------------
The Lockup Agreement is filed herewith as Exhibit A.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
THE EDWARD W. SCRIPPS TRUST
By: /s/ Donald E. Meihaus
---------------------------------
Donald E. Meihaus
Secretary-Treasurer
Page 3 of 3
<PAGE> 1
Exhibit A
November 18, 1997
MERRILL LYNCH & CO.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
North Tower
World Financial Center
New York, New York 10281-1209
Re: Proposed Block Trade of Comcast Shares by The Edward W.
Scripps Trust
Dear Sirs:
In connection with the proposed block trade transaction (the "Trade")
of shares of Class A Special Common Stock of Comcast Corporation, a Pennsylvania
corporation ("Comcast Special Stock"), owned by The Edward W. Scripps Trust (the
"Trust") to be executed by you ("Merrill Lynch"), the Trust, in recognition of
the benefit that the Trade will confer upon it, agrees with you that, during a
period of 90 days from the purchase date of the Trade, it will not, without the
prior written consent of Merrill Lynch, directly or indirectly, (i) offer,
pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant for
sale of, or otherwise dispose of or transfer any shares of Comcast Special Stock
or any securities convertible into or exchangeable or exercisable for Comcast
Special Stock, whether now owned or hereafter acquired by the Trust or with
respect to which the Trust has or hereafter acquires the power of disposition,
or file any registration statement under the Securities Act of 1933, as amended,
with respect to any of the foregoing or (ii) enter into any swap or any other
agreement or any transaction that transfers, in whole or in part, directly or
indirectly, the economic consequence of ownership of Comcast Special Stock
whether any such swap or transaction is to be settled by delivery of Comcast
Special Stock or other securities, in cash or otherwise.
Very truly yours,
THE EDWARD W. SCRIPPS TRUST
By: /s/ Donald E. Meihaus
--------------------------------
Authorized Signatory
Donald E. Meihaus
Secretary/Treasurer
