Comcast executive David Cohen has joined PNC's board of directors. 1701 JFK Blvd. a***@cable.comcast.com. [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. [115][116] Comcast previously owned approximately 30% of Susquehanna Communications through its affiliate company, Lenfest. He also received the Legend and Leadership Award from the Yale School of Managements Chief Executive Leadership Institute. Fox's offer is contingent on the divestiture of Sky News. [44] As of 2020[update], Comcast is ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue.[45]. [62] Comcast employs multiple former U.S. [37] Employee diversity is also an attribute upon which Comcast receives strong marks. From the Effective Time until and including the second annual meeting of the stockholders of Comcast taking place after the Effective Time, (i) the Board of Directors of Comcast will nominate the New Directors for reelection to the Comcast Board of Directors at each subsequent annual or special meeting of the stockholders of Comcast at which the [125] The two companies paid a total of $17.6billion in the deal that was finalized in the second quarter of 2006after the U.S. Federal Communications Commission (FCC) completed a seven-month investigation without raising an objection. States. Rima Qureshi is Verizon's Chief Strategy Officer & Executive Vice President. At Dell Technologies, all our Digital Leaders are innovation pioneers, driving the technological revolution forward. "[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]. 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. The Atlantic Council has an enormous board of directors that includes retired public servants like George W. Bush national security adviser Stephen Hadley and Gen. David Petraeus; lobbyists. Previously, President of CBS News from 2011-2019, responsible for CBS News broadcasts and . 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. [226], Xumo is a free ad-supported streaming television (FAST) service, which Comcast acquired on February 25, 2020 for an undisclosed amount. [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. [157][158] According to Politico, Comcast "donated to almost every member of Congress who has a hand in regulating it". Change value during other periods is calculated as the difference between the last trade and the most recent settle. Below is a summary of our committee structure and membership information. Board Member. Chairman, Raymond James Trust. The information here is provided for your convenience only. Between 1999 and 2009, return on capital nearly tripled to 7%. Board Member and Executive Director of The Walt Disney Family Museum. [20][21], Comcast is described as a family business. In August 2006, Comcast and Time Warner Cable dissolved a 50/50 partnership that controlled the systems in the Houston, Southwest Texas, San Antonio, and Kansas City markets under the Time Warner Cable brand. Brian Roberts Move Chairman Emeritus Ralph Roberts Move Director Kenneth Bacon Move Director Madeline Bell Move Director Naomi Bergman Move Director Edward Breen Move Director Gerald Hassell Move Director Jeffrey Honickman Move Director Maritza Montiel Move Director Asuka Nakahara Move Director David Novak Move CFO Jason Armstrong Move Audit L. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. [206] In October 2018 Comcast later acquired the rest of the shares of Sky with the company being delisted in November. 5505 Blue Lagoon Drive Miami, FL 33126. [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. Michelle Lund. 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. [236] Comcast's Customer Service Rating by the ACSI surveys indicate that the company's customer service has not improved since the surveys began in 2001. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Nicholas Giordano Sidney Hargro Joan Hilferty Lorina Marshall-Blake, ex officio Pamela Sarne-McCormick Richard Snyder, M.D. Who's #1 on the Board of Directors? [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. 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. The Studios segment focuses on NBCUniversals film and television studio production and distribution operations. [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]. Greg Butz. In July 2006, Comcast purchased the Seattle-based software company thePlatform. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. In 2011, the company formed a joint venture with General Electric that gave it a 51% interest in NBCUniversal (NBCU). Barfield brings to the Board legal knowledge and experience, having practiced corporate and securities law at Sidley Austin LLP. [107], On February 11, 2004, Comcast announced a $54billion bid for The Walt Disney Company, including taking on $12billion of Disney's debt. [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. This document, together with the By-Laws, comprises Comcast's governing instruments. 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. Sky News Names Former CBS News President David Rhodes Executive Chairman. Congressmen as lobbyists. [82] In 1968, American Cable Systems purchased its first franchise of Muzak, a brand of background music played in retail stores. Tye has also been actively involved . [242][243][244], Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization. Learn More Board Committees 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. 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. In September 2016, Comcast confirmed that it had reached a partnership with Verizon Wireless to launch a cellular network as an MVNO. [80][91] By 1994, Comcast owned 50% stock in the cable communications company Garden State Cable, who by that year were serving approximately 195,000 subscribers. [106] After Excite@Home went bankrupt in October 2001, Comcast took over providing internet directly to consumers in January 2002. Director, Government Affairs at Comcast . [27] As of 2019, the company had 184,000 employees.[28]. [166] In September of that year Comcast also launched Watchable, a YouTube competitor. [162] In March 2014, the division's chairman, William Baer, recused himself because he was involved in the prior Comcast NBCUniversal acquisition. 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". [63] The National Cable & Telecommunications Association, which has multiple Comcast executives on its board, also represents Comcast and other cable companies as the fifth largest lobbying organization in the United States, spending $19.8 million in 2013. 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. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. Comcast was also ordered to disclose the full amounts customers will be charged for using their services on their advertisements. Brian is a member of the Business Roundtable and served on President Obamas Council on Jobs and Competitiveness. [245], On August 1, 2016, Washington State Attorney General Bob Ferguson filed a lawsuit against Comcast Corporation in King County Superior Court, alleging the company's own documents reveal a pattern of illegally deceiving their customers to pad their bottom line by tens of millions of dollars. [74] Municipal broadband restrictions of varying scope have been passed in a total of 20 U.S. A brilliant interview with Shayne Mele and Inside Retail Australia discussing Frenchie's collaboration with iconic department store David Jones and why this is [33], Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. 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. [62] Comcast was among the top backers of Barack Obama's presidential runs, with Comcast vice president David Cohen raising over $2.2 million from 2007 to 2012. [189], On June 15, 2018, the European Commission gave antitrust clearance to Comcast's offer to purchase Sky, citing that in terms of their current assets in Europe, there would be limited impact on competition. 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. 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. [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. [240][241] Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations. Read More . Apr 2022 - Present11 months. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. [220][221] The service was also planned for it to be available on Peacock in the United States. [205] On September 25, 2018, Comcast bought a 30% stake of Sky plc. Storecast was a client of Muzak. Comcast intends to offer the selected candidate base pay dependent on job-related, non-discriminatory factors such as experience. [183] On April 25, 2018, Comcast made its formal counter-bid for Sky plc, offering 12.50 per-share; Sky subsequently withdrew its recommendation of the Fox bid. Mr. Berkshire's 2002 quarterly reports are scheduled to be posted on the Internet on May 11, August 10 and November 9. [131][132] Vivendi, which owns 20%, would have to sell its stake to GE. Engage via Email. In this role . Any such correspondence relating to accounting, internal accounting controls or auditing matters is handled in accordance with procedures established by the Audit Committee. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. [9] As the parent company of the international media company NBCUniversal since 2011,[10][11][12][13] Comcast is a producer of feature films for theatrical exhibition, and over-the-air and cable television programming. 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 According to Heidrick & Struggles Board Monitor, there are approximately 5,500 board seats in the Fortune 500, and of that number 14.5 percent are held by CFOs or retired CFOs. Comcast's executive vice president, David Cohen, admitted the company needed to improve their customer service. [42] Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. ", "Comcast Launches App-Based Technician Tracker", "Comcast, Time Warner to Carve Up Adelphia", "Comcast, Form 8-K, Current Report, Filing Date Apr 26, 2005", "Adelphia deal to shuffle cable: One in 10 subscribers to get new operator as a result of $17.6B purchase by Comcast, Time Warner", "Comcast adjusts to accommodate Adelphia deal", GE is in Talks to Spin Off NBC, Give Comcast 51% of New Unit, GE and Comcast Exploring a Spin-Off of NBC Universal, GE Investors Breathe Sigh of Relief on Comcast Talks, Questions Continue to Swirl Around Comcast Venture, Comcast Said to Be Close to Gaining NBC Universal, "GE, Comcast Complete Deal Over NBC Universal: Source", "Comcast, Form 8-K, Current Report, Filing Date Dec 4, 2009", "Comcast scores controlling stake in NBC Universal", "Comcast Wins U.S. Approval to Buy NBC Universal From GE for $13.8 Billion", Comcast Takes Over NBC Universal After Long Review, "Comcast Adds NBC Peacock to Corporate Logo", Comcast to buy out GE's interest in NBCUniversal, "Comcast To Pay $16.7B For General Electric's 49% Of NBCUniversal", "Comcast Burdened by Covid-19 Impact on Theme Parks, Movie Studio", "Comcast strikes deal to buy Time Warner Cable for $45 billion", "Comcast Agrees to Buy Time Warner Cable for $45.2 Billion", "Comcast confirms $45 billion merger with Time Warner Cable", "Time Warner Cable to Merge with Comcast Corporation to Create a World-Class Technology and Media Company", "What The Comcast-Time Warner Cable Merger Means For TV Viewers", "Sen. Al Franken: Comcast buying Time Warner Cable could threaten 'open nature' of internet", "Ex-cable and wireless lobbyist confirmed as FCC chairman", "We Need Real Competition, Not a Cable-Internet Monopoly", Comcast spreads cash wide on Capitol Hill, "A sometimes-tense hearing on Capitol Hill on proposed Comcast-Time Warner merger", "Goodlatte and Bachus Statement on Proposed Comcast-Time Warner Cable Merger", "US confirms antitrust probe of Comcast-TWC deal", "Top Official Can't Rule on Cable Merger", "Exclusive: States to probe Comcast plan to buy Time Warner Cable", "Comcast Is Said to End $45 Billion Bid for Time Warner Cable", "Comcast speeding up its discounted Internet service", "Comcast Launches Watchable: Can Web Video Help Save Cable TV? Mr. Breen is the Executive Chairman and Chief Executive Officer of DuPont de Nemours, Inc. Before becoming CEO, he was Executive Chairman of DuPont and previously served as CEO of DowDuPont and DuPont since 2015. Responsible for overseeing Comcast's credit risk organization, including credit underwriting and portfolio risk management . 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. In the fall of 2018, it finished construction of the 1,121ft (342m) Comcast Technology Center, Pennsylvania's tallest skyscraper, adjacent to its original headquarters. The Board has established a process for shareholders and other interested parties to communicate with its members. Corporate Brian L. Roberts Chairman & Chief Executive Officer View Bio Jason S. Armstrong Chief Financial Officer & Treasurer View Bio Lisa Bonnell Executive Vice President, Comcast Global Audit & General Auditor View Bio Francis M. Buono Executive Vice President, Legal Regulatory Affairs & Senior Deputy General Counsel View Bio This is a clear gift to Disney. Compensation and Human Capital Committee. Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors His extensive background in global business spans the technology industry across a variety of markets, including telecommunications, data networking, security, defense and life sciences. Shareholders and other interested parties may address correspondence to the Board, Lead Independent Director, any other particular director, any committee of the Board or any other group of directors, in care of Thomas J. Reid, Secretary, Comcast Corporation, at the following mailing or e-mail addresses: Contact the Comcast Board by Mail
