It would not include the Fox Broadcasting Company, Fox Television Stations, Fox Sports, and Fox News units, all which will be spun-off into a new independent company,[176] which is later known as the Fox Corporation since the 2019 launch. [163] Several states' attorneys general have announced support for the federal investigation. ", "Comcast to buy DreamWorks Animation for 2.6bn", "Comcast in Discussions to Buy DreamWorks Animation, WSJ Reports", "Comcast Completes $3.8 Billion Purchase of DreamWorks Animation", Comcast confirms plans to launch mobile phone service in 2017, "Comcast confirms plans to launch mobile phone service in 2017", "Comcast Is Launching a Wireless Service Next Year", "RPT-Comcast builds out "smart home" strategy as cable shrinks", "Comcast plunges again into cell phone service. The information here is provided for your convenience only. [97] In 1999, Comcast sold Comcast Cellular to SBC Communications for $400 million, releasing them from $1.27 billion in debt. Date Posted: February 21, 2023 Salary: $16,337.00 - $19,858.00 Monthly Description: The Deputy General Counsel will perform varied professional legal work with emphasis on the County Employees Retirement Law of 1937 (CERL) and the California Public Employees' Pension Reform Act of 2013 (PEPRA); analyze Board of Retirement policies, regulations and guidelines to ensure compliance with . 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". [74] Municipal broadband restrictions of varying scope have been passed in a total of 20 U.S. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. Pay Range: $150,713.72 - $226,070.58. Contact. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. This document, together with the By-Laws, comprises Comcast's governing instruments. $3,010,000. [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. [212][213][214][215], Through Sky, Comcast offers any first-party and third-party television programming which using the satellite distribution system to its customers and subscribers across several countries in Europe, such as the United Kingdom, Ireland, Germany, Austria, Switzerland, Italy and Spain. Comcast has no control over the information provided by EDGAR and cannot guarantee the sequence, accuracy, or completeness of any information or data displayed through EDGAR. [31] A dispute in 2004 with CWA, a labor union representing many employees at Comcast's Beaverton, Oregon offices, led to allegations of management intimidating workers, requiring them to attend anti-union meetings and unwarranted disciplinary action for union members. ); the film studio Universal Pictures; the VOD streaming service Peacock; animation studios (DreamWorks Animation, Illumination, Universal Animation Studios) and Universal Parks & Resorts. [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. [166] In September of that year Comcast also launched Watchable, a YouTube competitor. Compensation. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. Comcast denied the rumors at first, while NBC would not comment on them. ", "Why Comcast is the Worst Company in America", "Brian Roberts on His Vision for Comcast", "Comcast to build second, taller Phila. The SEC Filings on this page are provided by EDGAR (www.sec.gov), the Electronic Data Gathering, Analysis, and Retrieval System of the U.S. Securities and Exchange Commission (SEC). As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." Under his leadership, Comcast has grown into a global company uniquely positioned at the intersection of media and technology with three primary businesses, Comcast Cable, NBCUniversal and Sky. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. [citation needed], Comcast's cable acquisitions in 1997 were Jones Intercable, Inc. with 1 million customers, and a stake in Prime Communications with 430,000 subscribers. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. 305-559-4000 - Phone . Comcast has also operated local channels in some markets, such as Comcast Television in the Detroit region, Comcast Network in the Philadelphia and Mid-Atlantic regions (formerly CN8), and Comcast Entertainment Television in Denver and parts of Utah. [80], In November 1999, Comcast purchased Lenfest Communications, who were the ninth largest cable television operator at the time and were the largest operator in the Philadelphia area. [159] The U.S. Senate Judiciary Committee held a hearing on the deal on April 9, 2014. International stock quotes are delayed as per exchange requirements. Director, State Government Affairs Charter Communications. [118], Comcast announced in May 2007[119] and launched in September 2008 a dashboard called SmartZone that allowed users to perform mobile functions online. On February 27, 2018, Comcast offered to purchase 61% stake in Sky plc at a value of 12.50 per-share, approximately 22.1 billion. Adobe's leadership and corporate governance documents outline the procedures and practices to guide the Board's duty as a fiduciary for its stockholders' long-term interests. [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. It was reported that under the current deal with GE that it would happen in November or December. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. At such time as a director joins the Board, the Chief Executive Officer and other members of senior management will provide appropriate orientation for . President, Connectivity Services and Consumer Experience. [164] On April 24, 2015, Jonathan Sallet, general counsel of the F.C.C., explained that he was going to recommend a hearing before an administrative law judge, equivalent to a collapse of the deal. Secondary Contact. Mr. Bacon has been a partner at RailField Partners, a financial advisory and asset management firm, since his retirement from Fannie Mae in March 2012, where he had served as the Executive Vice President of the multifamily mortgage business since July 2005. Ellen Friedell, Barrie Trimingham, Settlement Music School's board chair and Helen Eaton, Executive Director of Settlement Music School at the School's 107th Anniversary Gala at Hyatt at The Bellevue Philadelphia Hotel on May 2, 2015. . 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. "[30], Comcast has also earned a reputation as anti-union. EXECUTIVE BOARD & Active Director. Governance and Corporate Responsibility Committee Charter, Compensation and Human Capital Committee Charter, Governance and Corporate Responsibility Committee. [80] In 1988, Comcast was able to buy a 50% share of SCI Holdings in a joint deal with Tele-Communications Inc.[88] Comcast also acquired American Cellular Network Corporation in 1988 for $230 million, marking the first time it became a mobile phone operator. [119] The address book is Comcast Plaxo software. Board of Directors. Moved to the UK in mid-2020, at that time running broadcasting for News Corp's British arm. Engage via Email. "[29] A widely read article by an anonymous Comcast call center employee appeared in November 2014 on Cracked. 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. "Official Employees are from multiple teams within Comcast: Product, Support, Leadership. [242][243][244], Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization. 21st Century Fox, which owns 39% stake in Sky, had previously declined a US$60 billion acquisition offer by Comcast in favor of its deal with Disney, due to anti-competition concerns. Learn More Board Committees In 1963, Ralph J. Roberts in conjunction with his two business partners, Daniel Aaron[79] and Julian A. Brodsky, purchased American Cable Systems[80] as a corporate spin-off from its parent, Jerrold Electronics, for U.S. $500,000. This document provides guidelines relating to the structure and functioning of our Board of Directors and the responsibilities of our directors. [33], Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. [75], According to watchdog group Documented, in 2020 Comcast contributed $200,000 to the Rule of Law Defense Fund, a fund-raising arm of the Republican Attorneys General Association that was shown to have provided funding to the Save America March that devolved into an attack on the U.S. Capitol on January 6, 2021.[76]. At the same time, Fox was given clearance by the British government to purchase Sky. [123] One effort to change this is a new app called Tech ETA that allows customers to see exactly when a technician is coming. [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. Comcast's executive vice president, David Cohen, admitted the company needed to improve their customer service. 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. Stephen B. Burke has served as an Executive Vice President for more than five years. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSet. "[177] On December 14, Disney officially confirmed its acquisition of 21st Century Fox for $52.4 billion in stock, pending review from the United States Department of Justice Antitrust Division.[178]. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. Philadelphia, PA 19103. . 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 . [207] The merger was completed on November 7, 2018 when the company was delisted after becoming a wholly owned subsidiary and division of Comcast. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. [139] On January 18, 2011, the FCC approved the deal by a vote of 4 to 1. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. "[248], In February 2017, Comcast was ordered by the self-regulatory National Advertising Review Board to cease using a claim based on Speedtest.net data that it has "America's fastest internet", stating that "Ookla's data showed only that Xfinity consumers who took advantage of the free tests offered on the Speedtest.net website subscribed to tiers of service with higher download speeds than Verizon FiOS consumers who took advantage of the tests." Communication with shareholders and other interested parties is an important part of the governance process. This is a clear gift to Disney. Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors Mark G. Parker Mr. Parker, 66, is Executive Chairman of the Board of Directors of the Company and has been a director since 2006. Nicholas Giordano Sidney Hargro Joan Hilferty Lorina Marshall-Blake, ex officio Pamela Sarne-McCormick Richard Snyder, M.D. [80] By December 31, 1997, it was available in the Philadelphia, Detroit, Baltimore, Orange County, California, Sarasota and Union, New Jersey areas. [230], In April 2022, Comcast and Charter Communications announced that they would form a joint venture to form a "next-generation streaming platform", with Comcast contributing its Xfinity Flex, XClass TV, and Xumo businesses. [111] In 2004, Comcast sold its QVC shares to Liberty Media for $7.9 billion.[112]. Comcast included a 10-year commitment to the operations and funding of Sky News similar to that of Disney's offer. A company training manual says, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". Executive Vice President Customer Experience. [23] Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". In 2020, NBCUniversal and Sky Group began preparations to launch an international news channel called NBC Sky World News. Board of Directors Calvin G. Butler Jr. President and Chief Executive Officer Exelon Corporation Gil C. Quiniones CEO, ComEd Ricardo ("Ric") Estrada President and CEO of Metropolitan Family Services Independent Director since 2021 Zaldwaynaka ("Z") Scott, Esq. CEO of Comcast, Brian L. Roberts said: "I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company. Apr 2022 - Present11 months. President of Chicago State University Independent Director since 2022 Smita Shah, P.E. Board Member and Management Consultant. Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. [205] On September 25, 2018, Comcast bought a 30% stake of Sky plc. In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. For the fiscal year 2017, Comcast reported earnings of US$22.7 billion, with an annual revenue of US$84.5 billion, an increase of 5.5% over the previous fiscal cycle. [120] There was also Cloudmark spam and phishing protection and Trend Micro antivirus. Comcast's content networks and assets also include E!, Oxygen, Golf Channel, NBCSN, Universal Kids, Bravo, and the regional NBC Sports Networks. Stephen (Steve) J. Rohleder Chair of Cognizant's Board of Directors; Former Group Chief Executive, North America and Chief Operating Officer of Accenture Joseph (Joe) M. Velli Former Senior Executive Vice President of The Bank of New York Sandra S. Wijnberg Former Partner, Aquiline Holdings Get answers to your questions Any such correspondence relating to accounting, internal accounting controls or auditing matters is handled in accordance with procedures established by the Audit Committee. [98] Also in 1999, Comcast acquired Greater Philadelphia Cablevision,[99] and launched Comcast University as well as Comcast Interactive Capital Group. Comcast planned to position the service as a compliment to its premium streaming service Peacock (as well as compete with ViacomCBS's Pluto TV and Fox Corporation's Tubi), and leverage its streaming technology, as well as its distribution partnerships with smart TV manufacturers. [67] Comcast's PAC, the Comcast Corporation and NBCUniversal Political Action Committee, is among the largest PACs in the U.S., raising about $3.7 million from 2011 to 2012 for the campaigns of various candidates for office in the United States Federal Government. [44] As of 2020[update], Comcast is ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue.[45]. Like Disney, the deal included the 20th Century Fox film and television studios, cable entertainment and broadcast satellite networks including FX Networks, National Geographic Partners, Fox Sports Networks, and international channels such as Star India. [43] In February 2014, Comcast generated $1.1 billion in revenue during the first quarter due to the 2014 Winter Olympics in Sochi. Entertainment. Director, Government Affairs at Comcast . [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. "[237][238], In April 2014, Comcast was awarded the 2014 "Worst Company in America" award; an annual contest by the consumer affairs blog The Consumerist that runs a series of reader polls to determine the least popular company in America. [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. Over the last decade, however, he continued to provide legal services to indigent citizens through Thurston County Public Defense. Michael Bass Executive Vice President of Programming, CNN U.S. Katrina Cukaj Executive Vice President, CNN Advertising Sales Richard Davis Executive Vice President of News Standards and Practices, CNN Amy Entelis Comcast Cable. 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