S.F. Franchise Vote Held Up

8/10/2005 7:04 AM Eastern

The San Francisco Board of Supervisors has delayed a vote on a four-year contract extension for Comcast Corp.

Lawmakers dropped the item from the board’s Aug. 9 agenda. It has not been rescheduled.

Comcast has a tentative deal with regulators to extend its authority to operate a cable system until 2009. In return, the Philadelphia-based MSO has agreed to a one-time payment of $3 million to resolve franchise compliance problems it inherited from AT&T Broadband; and about $5 million over the period of the extension in public access support.

Without the extension, Comcast’s franchise expires Dec. 31, 2005.

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