In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. The Children's Hospital of Philadelphia, The Children's Hospital of Philadelphia Foundation, Merion Golf Club, CBRE Clarion Global Real Estate Income Fund, Comcast Corp. AptarGroup, Inc., McCormick & Co., Inc., Royal Caribbean Group, Comcast Corp. EVP-Legal Regulatory Affairs & General Counsel, Executive Vice President-Corporate Strategy, Chief Compliance Officer & Senior Vice President, Chief Diversity Officer & Executive Vice President, Director-Government Affairs, Central Valley, Dir.-Technical Operations/Engineering Operations, Dir.-External Communications, Twin Cities Region, Dir-Government & External Affairs, Keystone Region, Senior Dir-Gov & External Affairs-Keystone Region, Senior VP & Senior Deputy General Counsel, Vice President-Sales & Marketing-Big South Region, Vice President & Senior Deputy General Counsel, Chief Transaction Compliance Officer & VP, EVP-Global Corporate Development & Strategy, Vice President-Finance & Business Operations, Chief Information Security Officer & Executive VP, Chief Accounting Officer, EVP & Controller, Total Insider Purchases and Sales Reported to the SEC, Vanguard US Total Market Shares Index ETF, Vanguard Institutional Total Stock Market Index Trust, Capital Research & Management Co. (International Investors), Capital Research & Management Co. (Global Investors), Capital Research & Management Co. (World Investors). In addition, numerous customers reported inappropriate name-calling and interrogation by customer service representatives. [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. 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. Pat Gallagher. 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. [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. [81] In 1965, American Cable Systems purchased Storecast Corporation of America, a product placement supermarket specialist marketing firm. [35][36] The Boston Globe found Comcast to be that city's top place to work in 2009. [226], Xumo is a free ad-supported streaming television (FAST) service, which Comcast acquired on February 25, 2020 for an undisclosed amount. Mr. Montagner also serves as the Chair of our Compensation Committee. 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! Members include Adobe co-founder Dr. John Warnock and experts from a broad . He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. [223] and in August, the proposed service was scrapped, resulting in layoffs of 60 employees. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. [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. Stephen B. Burke has served as an Executive Vice President for more than five years. Comcast responded immediately by publicly acknowledging the dubious award and citing ongoing efforts to improve its customer service. 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! Our board currently consists of 10 directors. Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Comcast's NHL deal obligated them to create a U.S. version of NHL Network, launched in October 2007. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . The quarterly dividend is payable on January 26, 2022 to shareholders of record as of the close of business on January 5, 2022.. To automatically receive Comcast financial news by e-mail, please . [124], In April 2005, Comcast and Time Warner Cable announced plans to buy the assets of bankrupted Adelphia Cable. [32] In 2011, Comcast received criticism from Writers Guild of America for its policies regarding unions. [240][241] Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations. [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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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 [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. The information here is provided for your convenience only. [209], Comcast Cable, which goes by the brand name Xfinity, provides cable television, broadband internet, and home telephone services. 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: The Secretary, or his designee, promptly reviews all such correspondence and, as appropriate, forwards any correspondence to the Board or other addressee based on the subject matter of the correspondence. 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". Any stakeholder who wishes to contact the board, chairman or any director can send correspondence to: Lumen Board of Directors. John Farris, Secretary. The Board has established a process for shareholders and other interested parties to communicate with its members. [63][78] However, it is important to note that for years, Comcast has been relying on subsidiaries to finance philanthropic pursuits. Board Member and Management Consultant. [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. Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors [23] Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". [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]. With $18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. In 2009, it was included on CableFAX magazine's "Top 10 Places to Work in Cable", which cited its "scale, savvy and vision". [247], On August 8, 2016 an official Comcast employee confirmed that Comcast was changing native 1080i channels to the 720p60 format. The sale covered the majority of 21CF's entertainment assets, including 20th Century Fox, FX Networks, and National Geographic Partners among others. Brian is the recipient of the Humanitarian Award from the Simon Wiesenthal Center and the Pennsylvania Societys Gold Medal for Distinguished Achievement Award. On July 16, 2018, CNBC reported that Comcast was unlikely to continue its bidding war to acquire Fox from Disney in favor of Sky. He also received the Legend and Leadership Award from the Yale School of Managements Chief Executive Leadership Institute. Comcast's executive vice president, David Cohen, admitted the company needed to improve their customer service. 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. [224][225] NBC subsequently allowed its free streaming service NBC News Now to be seen internationally, and is available globally on YouTube and on Sky TV and Virgin Media in the UK. [156], Critics noted in 2013 that Tom Wheeler, the head of the FCC, which has to approve the deal, is the former head of both the largest cable lobbying organization, the National Cable & Telecommunications Association, and as largest wireless lobby, CTIA The Wireless Association. Comcast offers low cost internet and cable service to schools, subsidized by general broadband consumers through the U.S. government's E-Rate program. $3,010,000. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. "[201] On the next day, CEO of AT&T Randall Stephenson gave an interview with CNBC, about Comcast's bid for Fox: "It probably can't help it. . 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. According to the Global Leaders Forum Survey, the gender gap is highest in . 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. A company training manual says, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". [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. 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. Comcast Corporation, based in Philadelphia, is the largest cable company in the United States, ahead of Time Warner Cable, with more than 24 million subscribers. 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