Comcast's customer base in 1994 was good enough for what national ranking among its competition?
In 1994, Comcast became the third largest cable operator in the United States with around 3.5 million subscribers following its purchase of Maclean-Hunter's American division for $1.27 billion. The company's UK branch, Comcast UK Cable Partners, goes public while constructing a cable telecommunications network. With five other media companies, the corporation becomes an original investor in The Golf Channel. Following a bid in 1994 for $2.1 billion, Comcast increased its ownership of QVC from 15.5% of stock to a majority, in a move to prevent QVC from merging with CBS. Comcast later sold its QVC shares in 2004 to Liberty Media for $7.9 billion.