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. 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). 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 2/27/2023 12:05 AM. [80] By December 31, 1997, it was available in the Philadelphia, Detroit, Baltimore, Orange County, California, Sarasota and Union, New Jersey areas. 1701 JFK Blvd. Joseph Moran By Patty Tascarella - Senior Reporter, Pittsburgh Business Times Oct 2, 2020 PNC Financial Services Group. [82] In 1968, American Cable Systems purchased its first franchise of Muzak, a brand of background music played in retail stores. [145][146] On February 12, 2013, Comcast announced that it would acquire the remaining 49% of General Electric's interest in NBCUniversal, in a deal valued at approximately $16.7 billion. [22] Brian L. Roberts, its chairman, president and CEO, is the son of founder Ralph J. Roberts (19202015). Michelle Lund. This also means that a cable company can do well financially even though its customers are not particularly satisfied. ACTIVE DIRECTOR TRENT CLAUSEN Vice President of Engineering Comcast Cable. 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. [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. [196][197], On July 11, 2018, 21st Century Fox raised its bid to purchase Sky plc assets to $32.5 billion, and $18.57 a share. Comcast Cable. [223] and in August, the proposed service was scrapped, resulting in layoffs of 60 employees. Sky News Names Former CBS News President David Rhodes Executive Chairman. Copyright FactSet Research Systems Inc. All rights reserved. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Before it was renamed for Comcast's cable subsidiary, Xfinity Center was called Comcast Center from its opening in 2002 through July 2014. [226], Xumo is a free ad-supported streaming television (FAST) service, which Comcast acquired on February 25, 2020 for an undisclosed amount. 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 Haley Scheer. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Comcast's NHL deal obligated them to create a U.S. version of NHL Network, launched in October 2007. [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. "[29] A widely read article by an anonymous Comcast call center employee appeared in November 2014 on Cracked. Can it overcome past failures? With $18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. A brilliant interview with Shayne Mele and Inside Retail Australia discussing Frenchie's collaboration with iconic department store David Jones and why this is [23] Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". [44] As of 2020[update], Comcast is ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue.[45]. [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. [126] Time Warner Cable became the second-largest cable provider in the U.S., ranking behind Comcast. Board of Directors This section contains our Board of Directors' biographies. [27] As of 2019, the company had 184,000 employees.[28]. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. 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. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. [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. . 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. Responsible for overseeing Comcast's credit risk organization, including credit underwriting and portfolio risk management . Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. 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. Board Member and Executive Director of The Walt Disney Family Museum. CNN's key executives include Michael Bass and 16 others. 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. [34] Similarly, the Philadelphia Business Journal awarded Comcast the silver medal among extra-large companies in Philadelphia, with the gold medal going to partner organization, Comcast-Spectacor. 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. ", "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? 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 . We have indicated that . They primarily carried local programs and sports (including, in some cases, serving as the designated overflow channel for local regional sports networks). [115] In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media. This was the second time Comcast had been awarded this title, the first being in 2010. 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". [162] In March 2014, the division's chairman, William Baer, recused himself because he was involved in the prior Comcast NBCUniversal acquisition. 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. "[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]. Since October 2018, it has also been the parent company of Sky Group. Media outlets began reporting in late September 2009 that Comcast was in talks to buy NBC Universal. Data may be intentionally delayed pursuant to supplier requirements. Minimum 15 min delayed. Congressmen as lobbyists. Its ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns. [242][243][244], Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014. Comcast's content networks and assets also include E!, Oxygen, Golf Channel, NBCSN, Universal Kids, Bravo, and the regional NBC Sports Networks. His qualifications to serve as a director stem primarily from his experiences as a senior leader, and his varied service as a director with considerable experience regarding legal risk oversight and risk management, financial reporting, attracting and retaining key . [64][65] Cohen has been described by many sources as influential in the U.S. government,[66] though he is no longer a registered lobbyist, as the time he spends lobbying falls short of the 20% which requires official registration. [246] The FCC issued a $2.3 million fine to Comcast after finding that the company was charging customers for unordered services and equipment. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. [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. 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). Comcast's shares traded at over $47 per share, and its market capitalization was valued at over US$213.4 billion in February 2022. Comcast executive David Cohen has joined PNC's board of 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. Prior to that, he was Executive Vice President, Chief Financial Officer and a Director at Paramount Communications, Inc., formerly Gulf + Western Industries, Inc. Mr. Nelson has served on the board of Hanesbrands Inc. since 2008 and its Non-Executive Chairman since 2019, and on the board of Wyndham Hotels & Resorts, Inc. since 2019. [207] The merger was completed on November 7, 2018 when the company was delisted after becoming a wholly owned subsidiary and division of Comcast. [41], The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. Roberta Waite, Ed.D. [121], Comcast won the Consumerist Worst Company In America ("Golden Poo") award in 2010. According to Corporate Library, Comcast's board of directors ability to oversee and control management was severely compromised (at least in 2010) by the fact that several of the directors either worked for the company or had business ties to it (making them susceptible to management pressure), and a third of the directors were over 70 years of age. He played his final season for the New York Yankees in 2014. Pay Range: $150,713.72 - $226,070.58. [35][36] The Boston Globe found Comcast to be that city's top place to work in 2009. [252][253] Forbes magazine criticized the decision not to carry the college sports network as violating a fundamental principle of marketing: "never give your customers a reason to switch. [80][84] In 1977, HBO was first launched on a Comcast system with 20,000 customers in western Pennsylvania with a five-night free preview getting a 15% sign up rate. Contact the Board or Audit Committee. The company was founded in 1963 and is headquartered in Philadelphia, PA. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. [73] Comcast and other cable companies have lobbied state governments to pass legislation restricting or banning individual cities from offering public broadband service. 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. Elizabeth sits on the Board of Directors for the Association of National Advertisers, the Ad Council and the YMCA of Greater New York and most recently joined the MMA Global Board of Directors. President, Connectivity Services and Consumer Experience. Greg Butz. 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. 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! Ms. Henry is an independent director. He made his Major League Baseball (MLB) debut with the Baltimore Orioles in 2001 and played for the team until 2013. Governance and Corporate Responsibility Committee. Comcast responded immediately by publicly acknowledging the dubious award and citing ongoing efforts to improve its customer service. Comcast Corp. engages in the provision of video, Internet, and phone services. 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 . [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. "[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. 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. [187][188] Eight days later, Comcast officially announced a $65 billion counter-offer to acquire the 21st Century Fox's assets that Disney offered to purchase. [83], The company was re-incorporated in Pennsylvania on March 5, 1969, under the new name Comcast Corporation. Board of Directors. 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]. Brian L. Roberts is Chairman and CEO of Comcast Corporation. If you have a problem with Comcast, and you've called customer service, and you've escalated to a supervisor, and maybe even hung up and tried a different person, and you're still [119], In May 2008, Comcast purchased Plaxo for a reported $150 million to $170 million. [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. [247], On August 8, 2016 an official Comcast employee confirmed that Comcast was changing native 1080i channels to the 720p60 format. The Studios segment focuses on NBCUniversals film and television studio production and distribution operations. Rima Qureshi is Verizon's Chief Strategy Officer & Executive Vice President. However, after a bidding war that included Disney (which was, in turn, acquiring most of 21st Century Fox assets), Comcast acquired the entirety of Sky in 2018 for 17.28 per-share. [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. [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. [77] Critics have noted that many of the strongest supporters of Comcast's business deals have received substantial funding from the Comcast Foundation. Secondary Contact. [98] Also in 1999, Comcast acquired Greater Philadelphia Cablevision,[99] and launched Comcast University as well as Comcast Interactive Capital Group. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." [130] However, CNBC itself reported on October 1 that General Electric was considering spinning NBC Universal off into a separate company that would merge the NBC television network and its cable properties such as USA Network, Syfy and MSNBC, as well as Universal Studios, with Comcast's content assets. [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. Comcast Business offers ethernet, internet, Wi-Fi, voice, television and managed enterprise services to organizations. He served as President and Chief Executive Officer of the Company from 2006 - 2020. 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. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. 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. [38] Comcast was also named a "Top 2014 Workplace" by The Washington Post in their annual feature. 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. [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. [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. The Sky segment provides operations of Sky, one of Europes entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. [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. In 2007, Tye joined the law firm of Morgan Hill, P.C., as an associate attorney. [186] Then on June 5, 2018, Culture Secretary Matt Hancock cleared both 21st Century Fox and Comcast's respective offers to acquire Sky plc. 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. She is a member of Adweek's Diversity, Equity and Inclusion Council and the Global Sponsor of the colleague Diversity Action Network at American Express. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Inquiries relating to our XFINITY services should be directed to Xfinity.com/support or 1-800-XFINITY (1-800-934-6489). Learn More Board Committees Storecast was a client of Muzak. [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. 305-559-4000 - Phone . 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. [205] On September 25, 2018, Comcast bought a 30% stake of Sky plc. 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. [123] One effort to change this is a new app called Tech ETA that allows customers to see exactly when a technician is coming. Detailed Quotes Tools Email Alerts RSS Feeds IR Contact FAQs President of Chicago State University Independent Director since 2022 Smita Shah, P.E. [253][255], In June 2021, the Supreme Court rejected a petition for review by Comcast regarding an anti-trust lawsuit by Viamedia, Inc. after the Biden administration had recommended against review. Marc Montagner Marc Montagner, age 60, has served on our Board since April 2010 and has served as our Lead Independent Director since February 2020. [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. Embedding D&I in the Business skyscraper", "To Understand Comcast's Lousy Reputation", "Five Nightmares You Live While Working For America's Worst Company", Comcast Systematically Squeezing Out Unions, Comcast Seeking to Destroy Writer's Guild, Members Say. Andy Davis's Phone Number and Email Last Update. [210], Comcast delivers third-party television programming content to its own customers, and also produces its own first-party content both for subscribers and customers of other competing television services. [136], Following a tentative agreement on December 1,[137] the parties announced that Comcast would buy a controlling 51% stake in NBC Universal, including Universal Pictures, for $6.5billion in cash and $7.3billion in programming on December 3. Include Michael Bass and 16 others to improve its customer service executives include Michael Bass and 16.! To buy NBC Universal President and Chief Executive Officer of the Walt Disney Family.... ( MLB ) debut with the Baltimore Orioles in 2001 and played for new... Services Group he served as President and Chief Executive Officer of the surveys states ``! Particularly satisfied Xfinity Center was called Comcast Center from its opening in 2002 through July 2014 in,. 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