In 2003, Comcast became one of the original investors in The Golf Channel. 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 executive David Cohen has joined PNC's board of directors. EXECUTIVE BOARD & Active Director. 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. He and his wife, Aileen, live in Philadelphia. Comcast believes that its business prospers most in an environment that is ethically sound. Read Bio. More than a thousand customers issued complaints about these unprecedented charges to their bill. He was recognized byBarronsas one of the Worlds Best CEOs, named a Businessperson of the Year byFortunemagazine and named one of Americas top CEOs byInstitutional Investormagazine for the 17th time. [19] Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Stephen B. Burke has served as an Executive Vice President for more than five years. [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. 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. [139] On January 18, 2011, the FCC approved the deal by a vote of 4 to 1. 5505 Blue Lagoon Drive Miami, FL 33126. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. [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. He served as President and Chief Executive Officer of the Company from 2006 - 2020. [143][144] In December 2012, Comcast adopted a new corporate logo, which incorporates NBC's peacock logo to signify its ownership of the broadcaster. [115] In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media. With $18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. Directors Timothy Adams Mindyjane Berman Iris Boci Gary Bridges David Deets Dee Dukes Gordon Fink Trenya Garner Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. . 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. Board Member and Management Consultant. CNN's key executives include Michael Bass and 16 others. 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. 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! [123] One effort to change this is a new app called Tech ETA that allows customers to see exactly when a technician is coming. [172][173] Including Comcast's Home Security offering, customers now have the option of a Quintuple Play. ACTIVE DIRECTOR TRENT CLAUSEN Vice President of Engineering Comcast Cable. [206] In October 2018 Comcast later acquired the rest of the shares of Sky with the company being delisted in November. Comcast was also ordered to disclose the full amounts customers will be charged for using their services on their advertisements. She has served as Square Lead and as Block Infrastructure and Information Security Lead for Block Inc. (formerly Square Inc.), a provider of software, hardware, and financial services for small businesses and individuals, since December 2021. At Dell Technologies, all our Digital Leaders are innovation pioneers, driving the technological revolution forward. [150], On February 12, 2014, the Los Angeles Times reported that Comcast sought to acquire Time Warner Cable in a deal valued at $45.2 billion. [207] The merger was completed on November 7, 2018 when the company was delisted after becoming a wholly owned subsidiary and division of Comcast. [249], On December 21, 2018, Minnesota State Attorney General Lori Swanson filed a lawsuit against Comcast in Hennepin County over allegations that the company had overcharged customers for cable packages, added home security, service protection plans, modem and other equipment packages to customers bills without their consent, and did not give customers the prepaid 200$ Visa cards they promised to give if customers kept up-to-date on their monthly bills for 90 days on their advertisements. [198][199] On July 18, 2018, Bloomberg reported that the Sky board scheduled July 27, 2018 as the day shareholders vote on selling Sky properties. According to the Global Leaders Forum Survey, the gender gap is highest in . ); the film studio Universal Pictures; the VOD streaming service Peacock; animation studios (DreamWorks Animation, Illumination, Universal Animation Studios) and Universal Parks & Resorts. [81] In 1965, American Cable Systems purchased Storecast Corporation of America, a product placement supermarket specialist marketing firm. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made a "firm offer". It is Europe's largest media company and pay-TV broadcaster by revenue (as of 2018[update]),[216] with 23million subscribers and more than 31,000 employees as of 2019.[217][218]. John Farris, Secretary. 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. 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. Board Member. 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. Email. Mark G. Parker Mr. Parker, 66, is Executive Chairman of the Board of Directors of the Company and has been a director since 2006. [247], On August 8, 2016 an official Comcast employee confirmed that Comcast was changing native 1080i channels to the 720p60 format. [32] In 2011, Comcast received criticism from Writers Guild of America for its policies regarding unions. [182], On April 12, the Panel on Takeovers and Mergers ruled that Disney had to acquire all of Sky within 28 days of fully acquiring Fox if the latter's acquisition of Sky was not completed by the time the merger was done, or if Comcast's counter-offer wasn't accepted. (Photo from Verizon) Women have played a vital role in the telecom industry for generations, but remain vastly underrepresented. On November 1, 2009, The New York Times reported Comcast had moved closer to a deal to purchase NBC Universal and that a formal announcement could be made sometime the following week. [23] Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". [240][241] Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations. Minimum 15 min delayed. At the same time, Fox was given clearance by the British government to purchase Sky. [122] A gold trophy in the shape of a pile of human feces was delivered to Comcast Corporate Headquarters to commemorate the unmatched level of enmity flowing from their customer base to their business. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. [126] Time Warner Cable became the second-largest cable provider in the U.S., ranking behind Comcast. Kirsten Komoroske. [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. 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. 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". Our board currently consists of 10 directors. Michael J. Angelakis has served as the Chief Financial Officer of Comcast Corporation for more than five years. Lift A Life Novak Family Foundation, Comcast Corp. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. Co-Chief Executive Officer, Director Theodore A. Sarandos Co-Chief Executive Officer, Chief Content Officer, Director Spencer Adam Neumann Chief Financial Officer Jeffrey William Karbowski. On May 19, 2009, Disney and ESPN announced an agreement to allow Comcast Corporation to carry the channels ESPNU and ESPN3.[211]. "Official Employees are from multiple teams within Comcast: Product, Support, Leadership. Brian L. Roberts. 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. Any such correspondence relating to accounting, internal accounting controls or auditing matters is handled in accordance with procedures established by the Audit Committee. [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. We highlight various female leaders in the broadband industry. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. [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 [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. For the internet service provider previously branded as Comcast, see, Largest U.S. cable provider (2001present), Attempted acquisition of Fox and subsequence of Sky, All of Comcast's class B common stock, which controls 33.3% of voting power, is owned by CEO Brian Roberts. Read more on hollywoodreporter.com. [96] In 1997, Microsoft invested $1 billion in Comcast, and the company launched its digital TV service. Sky News Names Former CBS News President David Rhodes Executive Chairman. [106] After Excite@Home went bankrupt in October 2001, Comcast took over providing internet directly to consumers in January 2002. [193], However, on June 20, 2018, Disney and Fox announced that they had amended their previous merger agreement, upping Disney's offer to $71.3 billion (a 10% premium over Comcast's $65 billion offer), while also offering shareholders the option of receiving cash instead of stock. [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. In this role . $3,010,000. Director, State Government Affairs Charter Communications. Board Member. Berkshire's 2002 quarterly reports are scheduled to be posted on the Internet on May 11, August 10 and November 9. Rima Qureshi is Verizon's Chief Strategy Officer & Executive Vice President. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. 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 [22] Brian L. Roberts, its chairman, president and CEO, is the son of founder Ralph J. Roberts (19202015). 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. 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. Officers of the Foundation Lorina Marshall-Blake President Juan Lopez Treasurer Community Report Responsible for overseeing Comcast's credit risk organization, including credit underwriting and portfolio risk management . Contact. Senior Manager, External Affairs Comcast. ", "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? Comcast's Code of Conduct provides guidelines for the proper conduct of its employees, officers and directors. [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. Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Private lessons provide students individual instruction with one of Levine's talented faculty members and are geared towards the specific goals, needs, and aspirations of each student regardless of experience or age. Comcast offers low cost internet and cable service to schools, subsidized by general broadband consumers through the U.S. government's E-Rate program. [153] Time Warner Cable and Comcast aimed to merge into one company by the end of 2014 and both have praised the deal, emphasizing the increased capabilities of a combined telecommunications network, and to "create operating efficiencies and economies of scale". [92] That same year, Comcast became the third-largest cable operator in the United States, with around 3.5 million subscribers following its purchase of Maclean-Hunter's American division for $1.27 billion. We take pride in our products, which is why we offer a 30-day money-back guarantee for Xfinity TV, Internet, Pro Protection and Voice services, and a 14-day money-back guarantee for Xfinity Mobile services and devices. The Board of Directors (the "Board") of Comcast Corporation (the "Company") has adopted these corporate governance guidelines, which, in conjunction with the Company's articles of . Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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. [115][116] Comcast previously owned approximately 30% of Susquehanna Communications through its affiliate company, Lenfest. We deliver service on your terms, including 24/7 support, easy self-service tools on any . Raymond James Bank. [208], On June 20, 2022, Comcast acquired Levl, an American-Israeli startup develops technology that authenticates wireless devices and can help prevent hacking, for an estimated $50 million. 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. 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. However, on December 11, 2017, Comcast officially dropped the bid, saying that "We never got the level of engagement needed to make a definitive offer. Executive Vice President Customer Experience.