At Dell Technologies, all our Digital Leaders are innovation pioneers, driving the technological revolution forward. Secondary Contact. Media outlets began reporting in late September 2009 that Comcast was in talks to buy NBC Universal. Pat Gallagher. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. "[30], Comcast has also earned a reputation as anti-union. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . [235] Comcast Spectacor holdings now include the Philadelphia Flyers NHL hockey team and their home arena in Philadelphia. Comcast owns and operates the Xfinity residential cable communications subsidiary, Comcast Business, a commercial services provider; Xfinity Mobile, an MVNO of Verizon; over-the-air national broadcast network channels (NBC, Telemundo, TeleXitos, and Cozi TV); multiple cable-only channels (including MSNBC, CNBC, USA Network, Syfy, Oxygen, Bravo, and E! Lift A Life Novak Family Foundation, Comcast Corp. This section contains our Board of Directors' biographies. On April 3, 2007, Comcast announced it would acquire the cable systems owned and operated by Patriot Media, a privately held company owned by cable veteran Steven J. Simmons, Spectrum Equity Investors and Spire Capital, that served approximately 81,000 video subscribers for $483million. Brian L. Roberts, chairman and CEO of Comcast Kenneth J. Bacon, former Fannie Mae executive Madeline S. Bell, president and CEO of Children's Hospital of Philadelphia Edward D. Breen (lead independent director), executive chairman and CEO of DuPont Gerald Hassell, former chairman and CEO of The Bank of New York Mellon 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. . [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. We highlight various female leaders in the broadband industry. [257], Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}395716N 751007W / 39.9545N 75.1685W / 39.9545; -75.1685, This article is about the media conglomerate. Following the acquisition, Comcast announced it will set up its first development center in Israel. [44] As of 2020[update], Comcast is ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue.[45]. In response, Comcast increased its bid to $34 billion, and $19.5 a share. [63][78] However, it is important to note that for years, Comcast has been relying on subsidiaries to finance philanthropic pursuits. It was reported that under the current deal with GE that it would happen in November or December. He also served as Chairman of the National Cable & Telecommunications Association (NCTA) for two consecutive terms and is Director Emeritus of CableLabs, the research and development consortium for the cable industry, where he served three terms as Chairman. Governance and Corporate Responsibility Committee. Before it was renamed for Comcast's cable subsidiary, Xfinity Center was called Comcast Center from its opening in 2002 through July 2014. [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. [24] In 2010, he was one of the highest paid executives in the United States, with total compensation of about $31 million. President of Chicago State University Independent Director since 2022 Smita Shah, P.E. [111] In 2004, Comcast sold its QVC shares to Liberty Media for $7.9 billion.[112]. Andy Davis's Phone Number and Email Last Update. Below is a summary of our committee structure and membership information. 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. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. [94], Comcast offered internet connection for the first time in 1996, with its part in the launch of the @Home Network. With their theme park in California being closed since March 2020 and limited capacity at locations in Florida and Japan, the company was prompted to lay off a number of their employees; revenue for their theme park locations fell 81 percent to $311 million from $1.63 billion in 2019. Comcast's content networks and assets also include E!, Oxygen, Golf Channel, NBCSN, Universal Kids, Bravo, and the regional NBC Sports Networks. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." 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. [115] In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media. [184], On May 7, 2018, Comcast announced a potential bid against Disney's effort to acquire Fox after it spoke to investment banks about making a $60 billion cash offer, pending on approval of the AT&TTime Warner merger. In 2011, the company formed a joint venture with General Electric that gave it a 51% interest in NBCUniversal (NBCU). [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. Comcast's corporate governance practices and policies promote fairness, transparency and accountability and reflect the Company's commitment to integrity in its dealings with all of its stakeholders. Post Office Box 5061, Monroe, Louisiana 71211. boardinquiries@lumen.com. All rights reserved. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. Our board currently consists of 10 directors. Embedding D&I in the Business Comcast develops broadband cable networks and is involved in electronic retailing and television programming content. (Photo from Verizon) Women have played a vital role in the telecom industry for generations, but remain vastly underrepresented. [171] The partnership and the addition of wireless would allow Comcast to offer a quadruple play of services. Tye has also been actively involved . 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. It concluded that Comcast's staff endured unreasonable corporate policies: "Customer service has been replaced by an obsession with sales; technicians are understaffed tech support is poorly trained, and the company is hobbled by internal fragmentation. [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. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. Comcast Cable. Power Releases 2008 Residential Television Service Satisfaction Survey, "Netflix's Hastings makes the case for Net neutrality", "Cable monopolies hurt consumers and the nation", "Congratulations To Comcast, Your 2014 Worst Company In America! [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. Ian.Frazer@lennar.com [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. [143][144] In December 2012, Comcast adopted a new corporate logo, which incorporates NBC's peacock logo to signify its ownership of the broadcaster. Non-Employee Directors*. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Alyssa H. Henry joined Intel Corporation's board of directors in January 2020. Haley Scheer. Employee Directors. 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. 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. Plans for the launch initially scheduled for summer 2020[222] were put on hold due to the COVID-19 pandemic in the United Kingdom. Since October 2018, it has also been the parent company of Sky Group. Can it overcome past failures? After the dissolution, Comcast obtained the Houston system, and Time Warner retained the others. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand. He also received the Legend and Leadership Award from the Yale School of Managements Chief Executive Leadership Institute. . 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. 2/27/2023 12:05 AM. Director of Financial Assets Letters from Annual Reports (1977 through 2001), quarterly reports, press releases and other information about Berkshire may be obtained on the Internet at berkshirehathaway.com. [26] On January 3, 2005, it announced it would become the anchor tenant in the new Comcast Center in downtown Philadelphiaat 975ft (297m), the second-tallest skyscraper in Pennsylvania. [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. [27] As of 2019, the company had 184,000 employees.[28]. [35][36] The Boston Globe found Comcast to be that city's top place to work in 2009. 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. 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. [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. [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. Board Member. Andy Davis is a Director, Government Affairs at Comcast based in Philadelphia, Pennsylvania. GE would maintain 49% control of the new company, while Comcast owned 51%. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. Board of Directors This section contains our Board of Directors' biographies. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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. ", "Comcast-Fox Deal Talks Latest Entry Into Media Merger Mania", "Comcast drops bid for Fox assets, leaving Disney in pole position", "Disney is buying most of 21st Century Fox for $52.4 billion", "Murdoch bid for Sky challenged by US giant", "Comcast Mulls Renewing Its 21st Century Fox Assets Pursuit Report", "Comcast May Make Another Bid for 21st Century Fox (Report)", "NBCU's Steve Burke Claims Comcast's $31B Sky Deal Will Boost Scripted TV & Film Fortunes, Fox Notes No "Firm Offer" Was Made; 21st Century Fox Reacts Update", "Disney Will Be Forced To Acquire All Of Sky If Fox's Takeover Of UK Pay Net Is Not Complete Before Mega-Deal", "Comcast starts 22bn bidding war for Sky", "Comcast's all-cash bid could pit Murdoch against Fox shareholders", "Sky bid battle looms after government nod", "U.K. Approves Fox's Sky Bid, Subject to Sale of Sky News, and Clears Comcast Offer", "Comcast makes $65 billion offer to steal 21st Century Fox away from Disney", "Comcast Clears EU Hurdle in $29 Billion Bid for Sky", "Comcast Clears EU Antitrust Hurdle for Sky Ahead of Disney Fight", "Walt Disney Agrees to Acquire Sky News, Annual Funding to Be Boosted to $130M", "Disney Sweetens Offer for Fox to $71 Billion, Outbidding Comcast", "Disney wins US antitrust approval to buy Fox assets", "Disney, Fox Set Shareholder Voting Date for $71 Billion Deal", "Disney and Fox schedule July 27 shareholder votes on merger upping pressure on Comcast", "Murdoch's Fox increases Sky bid to 24.5bn in takeover battle", "Comcast Raises Bid for Sky as Regulatory Decision Accelerates Sale Process", "Sky Hearing on Same Day as Fox Vote Complicates Comcast Bid", "Here's what the DOJ needs to happen to win its appeal against AT&T", "DOJ challenge to AT&T-Time Warner deal could affect Disney and Comcast's bidding war for Fox, says AT&T's Stephenson", "Comcast unlikely to raise Fox bid; focused on Sky: Sources", "Comcast drops bid for 21st Century Fox, clearing way for Disney", "Comcast outbids 21st Century Fox for Sky", "Disney-Fox to sell Sky stake to Comcast", "Recommended mandatory superior cash offer for Sky: Compulsory acquisition of Sky shares", "Comcast looks to Sky deal as US cord cutting hits home", "Comcast to acquire startup Levl for an estimated $50 million", "Comcast Adds ESPNU and ESPN360.com to Line Up With Content On Television, On Demand and Online", "Comcast Buys DreamWorks Animation For $3.8 Billion In Race Against Disney", "Comcast buys DreamWorks Animation in $3.8 billion deal", "Comcast Buying DreamWorks Animation for About $3.55B", "Comcast to Buy DreamWorks Animation for $3.8 Billion", "Leading European pay TV operators by revenue 2018", "Phone Scandal Poses Defining Test for a Murdoch Son", "Sky and NBC team up for new global news channel under owner Comcast", "NBCUniversal Delays Launch of NBC Sky World News", "Cancellation of NBC Sky World News plan leaves 60 out of job", "Comcast Abandons Plan To Launch International News Channel NBC Sky World News", "NBC News unveils 'Signal,' its streaming network for cable-cutters", "Comcast Buys Ad-Supported Streaming Service Xumo", "Why Comcast agreed to buy Xumo, an ad-supported free streaming service", "Comcast Acquires Xumo Free-Streaming Video Service", "Comcast Launches XClass TV, Its First TV Sets in the U.S., Taking Streaming Platform Direct-to-Consumer", "Cable Giants Comcast and Charter Team Up on Streaming Devices", "Comcast and Charter team up in hopes of toppling Roku, Amazon streaming hardware", "Comcast, Charter Form Joint Venture to Launch Nationwide Streaming Platform", "Comcast, Charter Streaming Joint Venture Branded as 'Xumo'. We have indicated that . Silver Winner - Extra-Large Company Comcast Corp. Gold Winner - Extra-Large Company: Comcast-Spectacor, The 15 Best Companies for Workforce Diversity, "The Washington Post Top Workplaces 2014", "Best Places to Work 2017 | Human Rights Campaign", "Comcast profit jumps 30%, with mixed results at NBCUniversal", "Comcast's Web of Lobbying and Philanthropy", "Comcast, Time Warner execs have been big Obama supporters", "David Cohen may be Comcast's secret weapon, but in D.C. he's a wonk rock star", "David L. Cohen quite influential without being a "lobbyist", "Top 50 Corporate PACs by Receipts January 1, 2011 December 31, 2012", "Top 50 Trade PACs by Receipts January 1, 2011 December 31, 2012", "National Cable & Telecommunications Assn", "SOPA and PIPA attract huge lobbying on both sides", "Comcast is donating heavily to defeat the mayor who is bringing gigabit fiber to Seattle", "How the Telecom Lobby is Killing Municipal Broadband", "ISP lobby has already won limits on public broadband in 20 states", "Republican Attorneys General Dark Money Group Organized Protest Preceding Capitol Attack", "AT&T, Comcast Gain From Subsidy Paid for by Customers", "Civil rights group's FCC positions reflect industry funding, critics say", "Daniel Aaron, 77, a Founder Of Comcast Cable Television", "A look at Comcast's changes over the decades", "Two Titans' Rocky Relationship Stands Between Comcast and Fox", "Ralph Roberts, Comcast Founder and Cable Pioneer, Dies at 95", "Comcast, Form 425, Filing Date Feb 11, 2004", "Business People; Son Succeeds Father As Comcast President", "THE MEDIA BUSINESS; Cellular Deal For Comcast", "Comcast to Buy Maclean's Cable: Television: The $1.27-billion cash deal would make the Philadelphia-based company the industry's third-largest cable operator", "Comcast to Buy Cable Division From Scripps", "Company News; NTL Agrees to Buy Comcast U.K. for $600 Million", "The Media Business; SBC Communications to Buy Comcast Cellular Operations", "COMPANY NEWS; COMCAST TO PICK UP GREATER PHILADELPHIA CABLEVISION", "Comcast replaces general manager at Garden State Cable", "AT&T, Form 8-K, Current Report, Filing Date Dec 21, 2001", "AT&T, Form 8-K, Current Report, Filing Date Nov 19, 2002", "Company News; Comcast Buys Tribune's Stake in Golf Channel", "Technology; Comcast Copes With Internet Problems", "Comcast makes $54B bid for Disney - Feb. 18, 2004", "Comcast Corp, Form 8-K, Current Report, Filing Date Feb 11, 2004", "Comcast makes $54B bid for Disney Feb. 18, 2004", "Comcast Corp, Form 8-K, Current Report, Filing Date Apr 28, 2004", "Sony, Form 6-K, Filing Date Sep 27, 2004", "Sony, Form 6-K, Filing Date Apr 11, 2005", "Susquehanna Media, Form 8-K, Current Report, Filing Date Nov 1, 2005", "Comcast, Form 10-K, Annual Report, Filing Date Feb 22, 2006", "Comcast Agrees to Acquire Patriot Media for $482 Million", "Comcast goes social with Plaxo acquisition | Outside the Lines CNET News", "Comcast: We Don't Want To Be Worst Company In America Again", "Congratulations Comcast; You're The Worst Company In America! 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