In 2002, Comcast paid the University of Maryland $25million for naming rights to the new basketball arena built on the College Park campus, the Xfinity Center. [89], In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast. 2/27/2023 12:05 AM. EDGAR performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. ACTIVE DIRECTOR JAMES CAMPBELL Senior Director, Government Affairs Altice USA. GE would maintain 49% control of the new company, while Comcast owned 51%. [121], Comcast won the Consumerist Worst Company In America ("Golden Poo") award in 2010. The information in this document represents our understanding of federal income tax laws and regulations, but does not constitute personal tax advice based on your specific situation. Titled "Five Nightmares You Live While Working For America's Worst Company", it claimed that Comcast was obsessed with sales, didn't train its employees properly, and concluded that "the system makes good customer service impossible. In 2008, Black Enterprise magazine rated Comcast among the top 15 companies for workforce diversity. Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors At the same time, Fox was given clearance by the British government to purchase Sky. President of Chicago State University Independent Director since 2022 Smita Shah, P.E. General Counsel, Farris Bobango PLC. Board of Directors. McCarthy to represent Comcast in bringing economic development to Illinois June 29, 2022 - Intersect Illinois today announced that Sean McCarthy, vice president of business development and strategic initiatives for Comcast's Greater Chicago Region, has joined its board of directors. At Dell Technologies, all our Digital Leaders are innovation pioneers, driving the technological revolution forward. Circuit to reverse the District Court's approval for AT&T acquisition of Time Warner (now renamed WarnerMedia). Operations and Supply Chain Executive: Jeff.Fleck@comcast.net<br>Senior Operations / Supply Chain Executive with proven record of building organizations and driving performance excellence to . Comcast's NHL deal obligated them to create a U.S. version of NHL Network, launched in October 2007. Secondary Contact. A board of directors is essentially a panel of people who are elected to represent shareholders. Brian L. Roberts is Chairman and CEO of Comcast Corporation. The American Customer Satisfaction Index, "Lobbying Spending Database - Comcast Corp, 2017 | OpenSecrets", "Corporate Jet Set, Leisure vs. Businessw", "1080i channels are being changed to 720p channels", "Not so fastComcast told to stop claiming it has "fastest Internet", "MN sues Comcast alleging overcharges, broken promises", "Comcast/Xfinity to issue refunds to settle Minnesota lawsuit", ACC fans considering leaving Comcast in order to watch new ACC Network, ACC Fans Celebrate: ACC Network is Finally on U-Verse, Comcast Violates a Key Marketing Principle: Never Give Your Customers a Reason to Switch, NC Governor Asks TV Providers to Carry ACC Network, "Supreme Court Won't Stop Antitrust Trial for Comcast", https://en.wikipedia.org/w/index.php?title=Comcast&oldid=1141991033, Worldwide; mostly United States and Europe, Maritza Montiel, former deputy chairman and CEO of, Asuka Nakahara, former CFO of Trammell Crow, This page was last edited on 27 February 2023, at 23:10. Revenues grew sixfold from 1999's $6billion to almost $36billion in 2009. ACTIVE DIRECTOR TRENT CLAUSEN Vice President of Engineering Comcast Cable. In this role . [149][13], Comcast reported that third-quarter net profits in 2020 fell 37 percent to $2.02 billion from $3.22 billion the previous year, in part due to the limited capacity measures for the COVID-19 pandemic at theme parks like Universal Studios and movie theaters, with revenues falling 4.8 percent. [63][78] However, it is important to note that for years, Comcast has been relying on subsidiaries to finance philanthropic pursuits. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. Raymond James Bank. Haley Scheer. [133][134] It was also reported that Time Warner would be interested in placing a bid, until CEO Jeffrey L. Bewkes directly denied interest,[135] leaving Comcast the sole bidder. . [240][241] Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. On April 8, 2005, a partnership led by Comcast and Sony Pictures Entertainment finalized a deal to acquire MGM and its affiliate studio, United Artists, and created an additional outlet to carry MGM/UA's material for cable and Internet distribution. We deliver service on your terms, including 24/7 support, easy self-service tools on any . [80] Comcast's initial public offering occurred on June 29, 1972, with a market capitalization of U.S. [33], Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. Post Office Box 5061, Monroe, Louisiana 71211. boardinquiries@lumen.com. [123] One effort to change this is a new app called Tech ETA that allows customers to see exactly when a technician is coming. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Plans for the launch initially scheduled for summer 2020[222] were put on hold due to the COVID-19 pandemic in the United Kingdom. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. [174] The service was officially announced on April 6, 2017, as Xfinity Mobile.[175]. [150], On February 12, 2014, the Los Angeles Times reported that Comcast sought to acquire Time Warner Cable in a deal valued at $45.2 billion. [39] The Human Rights Campaign has given Comcast a 100 on the Corporate Equality Index[40] and one of the best places for LGBT people to work. [154], In 2014, critics expressed concern that the deal would give Comcast greater negotiating power in a number of areas, including rebroadcast fees with television channels,[155] and peering agreements with ISPs. Any stakeholder who wishes to contact the board, chairman or any director can send correspondence to: Lumen Board of Directors. Executive Vice President Customer Experience. [90] Two years later, the company's mobile division, Comcast Cellular, purchased a controlling interest in Metromedia's Philadelphia-area cellular telephone interests, Metrophone. [107], On February 11, 2004, Comcast announced a $54billion bid for The Walt Disney Company, including taking on $12billion of Disney's debt. Nicholas Giordano Sidney Hargro Joan Hilferty Lorina Marshall-Blake, ex officio Pamela Sarne-McCormick Richard Snyder, M.D. "[29] A widely read article by an anonymous Comcast call center employee appeared in November 2014 on Cracked. She is a member of Adweek's Diversity, Equity and Inclusion Council and the Global Sponsor of the colleague Diversity Action Network at American Express. [71], Comcast also backs lobbying and PACs on a regional level, backing organizations such as the Tennessee Cable Telecommunications Association[72] and the Broadband Communications Association of Washington PAC. Tye has also been actively involved . EDGAR performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. BOARD OF DIRECTORS OFFICERS ROBERT BALGENORTH, Chairman CATHERINE REHEIS-BOYD, Vice-Chairman KATELYN ROEDNER SUTTER, Vice-Chairman JAY HANSEN, President & CEO CURT AUGUSTINE, Secretary LAURA LEWIS, Treasurer DIRECTORS Aera Energy LLC: SARA O'NEILL BOUTON, Vice President, Government and Regulatory Affairs . Comcast intends to offer the selected candidate base pay dependent on job-related, non-discriminatory factors such as experience. Kirsten Komoroske. [249], On December 21, 2018, Minnesota State Attorney General Lori Swanson filed a lawsuit against Comcast in Hennepin County over allegations that the company had overcharged customers for cable packages, added home security, service protection plans, modem and other equipment packages to customers bills without their consent, and did not give customers the prepaid 200$ Visa cards they promised to give if customers kept up-to-date on their monthly bills for 90 days on their advertisements. ", "Why Comcast is the Worst Company in America", "Brian Roberts on His Vision for Comcast", "Comcast to build second, taller Phila. [64][65] Cohen has been described by many sources as influential in the U.S. government,[66] though he is no longer a registered lobbyist, as the time he spends lobbying falls short of the 20% which requires official registration. The information here is provided for your convenience only. Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),[note 1] headquartered in Philadelphia, is the largest American multinational telecommunications conglomerate. Directors Timothy Adams Mindyjane Berman Iris Boci Gary Bridges David Deets Dee Dukes Gordon Fink Trenya Garner Kenneth J. Bacon has served as a director since November 2002. Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 1701 JFK Blvd. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. [80][84] In 1977, HBO was first launched on a Comcast system with 20,000 customers in western Pennsylvania with a five-night free preview getting a 15% sign up rate. Comcast's content networks and assets also include E!, Oxygen, Golf Channel, NBCSN, Universal Kids, Bravo, and the regional NBC Sports Networks. On May 19, 2009, Disney and ESPN announced an agreement to allow Comcast Corporation to carry the channels ESPNU and ESPN3.[211]. The Comcast and NBCUniversal IDCs meet regularly throughout the year, and are chaired respectively by David L. Cohen, Senior Executive Vice President and Chief Diversity Officer for Comcast Corporation, and Craig Robinson, Executive Vice President and Chief Diversity Officer for NBCUniversal. It also has significant holdings in digital distribution, such as thePlatform, which it acquired in 2006; and ad-tech company FreeWheel, which it acquired in 2014. [147][148] The acquisition was completed on March 19, 2013. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." Responsible for overseeing Comcast's credit risk organization, including credit underwriting and portfolio risk management . Browse Board of Directors By First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Browse Executives by First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K [203] Three days later, Comcast officially announced that it was dropping its bid on the Fox assets in order to focus on their bid for Sky. EDGAR performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made a "firm offer". In 2003, Comcast became one of the original investors in The Golf Channel. To learn more about Directors, click on the individual's name in the chart. He played his final season for the New York Yankees in 2014. [86][93] Comcast grew to 4.3 million subscribers the following year with the purchase of the cable operation of E. W. Scripps Company for $1.575 billion in stock. Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate Strategy in addition to his position as Chief Financial Officer of NBCUniversal. [161] On March 6, 2014, the United States Department of Justice Antitrust Division confirmed it was investigating the deal. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. [101] The purchase of Lenfest also bought Comcast the remaining 50% stock of the cable operator Garden State Communications a company whom Comcast had already owned half of in partnership with Lenfest for years. Although analysts say that the chances of the DOJ win are small, they say it is the "final nail in the coffin for Comcast's Fox chase. [15][16] It has violated net neutrality practices in the past, and, despite its commitment to a narrow definition of net neutrality,[17] critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet. None other than: Frank Carlucci (of The Carlyle Group) Television Holdings: CBS: includes 14 stations and over 200 affiliates in the US. [166] In September of that year Comcast also launched Watchable, a YouTube competitor. In September 2016, Comcast confirmed that it had reached a partnership with Verizon Wireless to launch a cellular network as an MVNO. Source: FactSet. On November 18, 2002, Comcast officially acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States with over 22 million subscribers. You're in a situation where two entities are bidding for an asset, and this kind of action can obviously influence the outcome of those actions."[202]. Prior to that, he was Executive Vice President, Chief Financial Officer and a Director at Paramount Communications, Inc., formerly Gulf + Western Industries, Inc. Mr. Nelson has served on the board of Hanesbrands Inc. since 2008 and its Non-Executive Chairman since 2019, and on the board of Wyndham Hotels & Resorts, Inc. since 2019. Board Member and Management Consultant. [172][173] Including Comcast's Home Security offering, customers now have the option of a Quintuple Play. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. The Board has established a process for shareholders and other interested parties to communicate with its members. ); the film studio Universal Pictures; the VOD streaming service Peacock; animation studios (DreamWorks Animation, Illumination, Universal Animation Studios) and Universal Parks & Resorts. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. [231][232][233] In November 2022, Comcast and Charter announced that the joint venture would use the Xumo name, with Xfinity Flex, Xumo, and XClassTV rebranded as Xumo Stream Box, Xumo Play, and Xumo TV respectively.[234]. [250] On January 25, 2020, the lawsuit was settled, Comcast being ordered to refund 15,600 customers and give 16,000 other customers debt relief. [167] The move was seen by Variety as an attempt to appeal to the cord-cutting market.[167]. CNN's key executives include Michael Bass and 16 others. [227][228][229], On October 19, 2021, Comcast announced "XClass TV", a line of smart TVs manufactured by Hisense that would be powered by the X1 software platform used by its cable services. Mark G. Parker Mr. Parker, 66, is Executive Chairman of the Board of Directors of the Company and has been a director since 2006. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . At the time, American Cable was a small cable operator in Tupelo, Mississippi, with five channels and 12,000 customers. For new students, we take the time and care to arrange individual placement interviews to match you with the right teacher to meet your individual musical needs.Summer private . On November 16, 2017, it was reported that Comcast attempted to purchase 21st Century Fox, following the news 10 days earlier that The Walt Disney Company negotiated with Fox to acquire the same assets. [95] Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers. Comcast Corp., Cable Television Laboratories, Inc. Urban Institute, Arbor Realty Trust, Inc., Comcast Corp., Revel & Underwood, Inc., Real Estate Executive Council, Martha's Table, Inc., Forest City Enterprises LP, Ally Financial, Inc., Welltower, Inc. Big Brothers Big Sisters of New York City, Inc., Comcast Corp., National September 11 Memorial & Museum at the World Trade, Duke University, The Bank of New York Mellon (New York, New York), The Partnership for New York City, Lincoln Center for the Performing Arts, Inc., MetLife, Inc., Metropolitan Life Insurance Co. American Beverage Association, Pepsi-Cola Bottlers Association, Germantown Academy, St. Joseph's University, Comcast Corp. Our board currently consists of 10 directors. PHILADELPHIA--(BUSINESS WIRE)--Oct. 28, 2021-- Comcast Corporation (NASDAQ: CMCSA) announced that its Board of Directors declared a quarterly dividend of $0.25 a share on the company's common stock. Ian.Frazer@lennar.com The next day on September 26, 2018, Fox with the consent of its acquirer sold its 39% stake to Comcast in exchange for $15 billion in cash. Fox's offer is contingent on the divestiture of Sky News. [73] Comcast and other cable companies have lobbied state governments to pass legislation restricting or banning individual cities from offering public broadband service. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. [194] On June 27, the United States Department of Justice gave antitrust approval to Disney under the condition of selling Fox's 22 regional sports channels, to which the company has agreed. A company training manual says, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". Philadelphia, PA 19103. [24] In 2010, he was one of the highest paid executives in the United States, with total compensation of about $31 million. The new service, described as being a "Wi-Fi and MVNO-integrated product", and was expected to launch in mid-2017. On August 22, 2016, NBCUniversal bought DreamWorks Animation along with its major IP, including Shrek, How to Train Your Dragon, Kung Fu Panda, Trolls, and Madagascar and Big Idea Entertainment owning its famous Christian computer animated direct-to-video franchise VeggieTales. [247], On August 8, 2016 an official Comcast employee confirmed that Comcast was changing native 1080i channels to the 720p60 format. [165], In August 2015, Comcast announced to speed up Internet for low-income customers from 5 megabits per second (mbps) to 10 Mbit/s, provide free wireless routers, and will pilot an initiative to increase Internet access for low-income senior citizens. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. hollywoodreporter.com - Georg Szalai 4h. This shows whether Comcast discloses data about the diversity of its board of directors, C-suite, general management, and employees overall across a variety of metrics. [74] Municipal broadband restrictions of varying scope have been passed in a total of 20 U.S. The ACSI analysis also addresses this contradiction, stating that "Such pricing power usually comes with some level of monopoly protection and most cable companies have little competition at the local level. Minimum 15 min delayed. [18] Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers. Key People Comcast Corp. Cl A Board of Directors Name/Title Current Board Membership expand All Executives Brian L. Roberts Chairman & Chief Executive Officer Michael J. Cavanagh President. Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, giving him an "undilutable 33% voting power over the company". [80][85] In 1986, Comcast bought 26% of Group W Cable, a broadcast company, doubling its number of subscribers to 1 million. Comcast denied the rumors at first, while NBC would not comment on them. Move was seen by Variety as an MVNO consult your own tax advisor regarding the applicability of State! Wishes to contact the board has established a process for shareholders and other parties! Appeal to the cord-cutting market. 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