[95] Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers. 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 . Since October 2018, it has also been the parent company of Sky Group. 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. [80][85] In 1986, Comcast bought 26% of Group W Cable, a broadcast company, doubling its number of subscribers to 1 million. Members include Adobe co-founder Dr. John Warnock and experts from a broad . Kenneth J. Bacon. Secondary Contact. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. Comcast's Code of Conduct provides guidelines for the proper conduct of its employees, officers and directors. At the same time, Fox was given clearance by the British government to purchase Sky. "[29] A widely read article by an anonymous Comcast call center employee appeared in November 2014 on Cracked. Congressmen as lobbyists. Read Bio. Pay Range: $150,713.72 - $226,070.58. [42] Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. [119], In May 2008, Comcast purchased Plaxo for a reported $150 million to $170 million. [235] Comcast Spectacor holdings now include the Philadelphia Flyers NHL hockey team and their home arena in Philadelphia. [81] In 1965, American Cable Systems purchased Storecast Corporation of America, a product placement supermarket specialist marketing firm. You're in a situation where two entities are bidding for an asset, and this kind of action can obviously influence the outcome of those actions."[202]. [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. Can it overcome past failures? Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. [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. CNN's key executives include Michael Bass and 16 others. 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. Plans for the launch initially scheduled for summer 2020[222] were put on hold due to the COVID-19 pandemic in the United Kingdom. GE would maintain 49% control of the new company, while Comcast owned 51%. [246] The FCC issued a $2.3 million fine to Comcast after finding that the company was charging customers for unordered services and equipment. 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. hollywoodreporter.com - Georg Szalai 4h. One Comcast Center 1701 John F. Kennedy Boulevard Philadelphia Pennsylvania 19103 United States. Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. In 2007, Tye joined the law firm of Morgan Hill, P.C., as an associate attorney. Embedding D&I in the Business [147][148] The acquisition was completed on March 19, 2013. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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 . Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. After the dissolution, Comcast obtained the Houston system, and Time Warner retained the others. We have indicated that . [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. Brian L. Roberts is Chairman and CEO of Comcast Corporation. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. [159] The U.S. Senate Judiciary Committee held a hearing on the deal on April 9, 2014. His extensive background in global business spans the technology industry across a variety of markets, including telecommunications, data networking, security, defense and life sciences. 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. In 2020, NBCUniversal and Sky Group began preparations to launch an international news channel called NBC Sky World News. C: Chairperson M: Member * Independent Lead Director Non-independent Directors. Mr. Angelakis currently serves on the board of directors of the Federal Reserve Bank of Philadelphia. None other than: Frank Carlucci (of The Carlyle Group) Television Holdings: CBS: includes 14 stations and over 200 affiliates in the US. [186] Then on June 5, 2018, Culture Secretary Matt Hancock cleared both 21st Century Fox and Comcast's respective offers to acquire Sky plc. Contact. [251], As of fall 2019, Comcast is the last major cable provider or streamer to neglect to carry the ACC Network, prompting some customers to consider cutting the cord or switching providers. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 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. 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". [89], In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast. 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. Steve Raney. 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. Mr. Bacon also serves as a director of Ally Financial Inc., Arbor Realty Trust, Inc. and Welltower Inc. and is a member of the National Multifamily Housing Council. [32] In 2011, Comcast received criticism from Writers Guild of America for its policies regarding unions. On April 8, 2005, a partnership led by Comcast and Sony Pictures Entertainment finalized a deal to acquire MGM and its affiliate studio, United Artists, and created an additional outlet to carry MGM/UA's material for cable and Internet distribution. [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. "[204] Eight days later, 21st Century Fox shareholders agreed to sell the majority of its assets to Disney for $71.3 billion. Comcast included a 10-year commitment to the operations and funding of Sky News similar to that of Disney's offer. [166] In September of that year Comcast also launched Watchable, a YouTube competitor. 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 Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors 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. ", "Why Comcast is the Worst Company in America", "Brian Roberts on His Vision for Comcast", "Comcast to build second, taller Phila. 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. According to The Wall Street Journal nearly two thirds of the flights of Comcast's $40 million corporate jet purchased for business travel related to the NBCU acquisition, were to CEO Brian Roberts' private homes or to resorts. John Farris, Secretary. 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. [94], Comcast offered internet connection for the first time in 1996, with its part in the launch of the @Home Network. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. [119] The address book is Comcast Plaxo software. [195] On the next day, Disney and Fox shareholders scheduled July 27, 2018 as the day to vote on Fox's properties being sold to Disney, giving Comcast enough time to make a higher counter-offer for the Fox assets. Comcast Board Members Name & TitleBio Brian L. Roberts CEO Brian Michael Roberts (born October 9, 1977) is an American former professional baseball second baseman. 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. [41], The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. 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. [80], In November 1999, Comcast purchased Lenfest Communications, who were the ninth largest cable television operator at the time and were the largest operator in the Philadelphia area. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. States. An All-American in squash, Brian competed six times in the Maccabiah Games in Israel. 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! Haley Scheer. [97] In 1999, Comcast sold Comcast Cellular to SBC Communications for $400 million, releasing them from $1.27 billion in debt. Board Member and Management Consultant. [223] and in August, the proposed service was scrapped, resulting in layoffs of 60 employees. 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. 21st Century Fox, which owns 39% stake in Sky, had previously declined a US$60 billion acquisition offer by Comcast in favor of its deal with Disney, due to anti-competition concerns. Zach Bates, Vice-Chair & Treasurer. 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 $1.63 billion in 2019. [115][116] Comcast previously owned approximately 30% of Susquehanna Communications through its affiliate company, Lenfest. 1701 JFK Blvd. [74] Municipal broadband restrictions of varying scope have been passed in a total of 20 U.S. Shareholder Services Kenneth J. Bacon Madeline S. Bell Edward D. Breen * Gerald L. Hassell Jeffrey A. Honickman Maritza G. Montiel Asuka Nakahara David C. Novak Brian L. Roberts *Lead Independent Director Stock Volume Change Last Trade Data Provided by Refinitiv. [249], On December 21, 2018, Minnesota State Attorney General Lori Swanson filed a lawsuit against Comcast in Hennepin County over allegations that the company had overcharged customers for cable packages, added home security, service protection plans, modem and other equipment packages to customers bills without their consent, and did not give customers the prepaid 200$ Visa cards they promised to give if customers kept up-to-date on their monthly bills for 90 days on their advertisements. Any such correspondence relating to accounting, internal accounting controls or auditing matters is handled in accordance with procedures established by the Audit Committee. Mr. Montagner also serves as the Chair of our Compensation Committee. Brian L. Roberts. "[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. We highlight various female leaders in the broadband industry. Media outlets began reporting in late September 2009 that Comcast was in talks to buy NBC Universal. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." [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. Board Member. [20][21], Comcast is described as a family business. Rima Qureshi is Verizon's Chief Strategy Officer & Executive Vice President. It would not include the Fox Broadcasting Company, Fox Television Stations, Fox Sports, and Fox News units, all which will be spun-off into a new independent company,[176] which is later known as the Fox Corporation since the 2019 launch. 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 "[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]. Mark Aslett is President and Chief Executive Officer, and a member of the Board of Directors. 2/27/2023 12:05 AM. 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. Comcast offers low cost internet and cable service to schools, subsidized by general broadband consumers through the U.S. government's E-Rate program. The information here is provided for your convenience only. [242][243][244], Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization. According to the Global Leaders Forum Survey, the gender gap is highest in . The Comcast and NBCUniversal IDCs meet regularly throughout the year, and are chaired respectively by David L. Cohen, Senior Executive Vice President and Chief Diversity Officer for Comcast Corporation, and Craig Robinson, Executive Vice President and Chief Diversity Officer for NBCUniversal. Base pay is one part of the Total Rewards that Comcast provides to compensate and recognize employees for their work. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. [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. This section contains our Board of Directors' biographies. [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. 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. Officers of the Foundation Lorina Marshall-Blake President Juan Lopez Treasurer Community Report [152] This was to add several metropolitan areas to the Comcast portfolio, such as New York City, Los Angeles, DallasFort Worth, Cleveland, Columbus, Cincinnati, Charlotte, San Diego, and San Antonio. [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. Between 1999 and 2009, return on capital nearly tripled to 7%. Entertainment. Philadelphia, PA 19103. 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 [107], On February 11, 2004, Comcast announced a $54billion bid for The Walt Disney Company, including taking on $12billion of Disney's debt. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. President of Chicago State University Independent Director since 2022 Smita Shah, P.E. Boards and Commissions - Board Directory An official website of the City of Chicago Here's how you know CHIBoards and Commissions Home Board Directory Member Search Ethics and Open Meetings Boards and Commissions Directory The information on this site is current as of January 26, 2023 He served as President and Chief Executive Officer of the Company from 2006 - 2020. Raymond James Bank. 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. [256], Comcast reported total CO2e emissions (direct + indirect) for the twelve months ending 31 December 2020 at 2,291 Kt (-249 /-9.8% y-o-y). Read More . With the guidance and support of our Board of Directors, the Ad Council maximizes the industry's passion for social good. They primarily carried local programs and sports (including, in some cases, serving as the designated overflow channel for local regional sports networks). The Studios segment focuses on NBCUniversals film and television studio production and distribution operations. [83], The company was re-incorporated in Pennsylvania on March 5, 1969, under the new name Comcast Corporation. Until November 2018, Sky was owned by 21st Century Fox through a 39.14% controlling stake;[219] on 9 December 2016, following a previous attempt under News Corporation that was affected by the News International phone hacking scandal, 21st Century Fox announced that it had agreed to buy the remainder of Sky, pending government approval. At the time, American Cable was a small cable operator in Tupelo, Mississippi, with five channels and 12,000 customers. Mr. Following the acquisition, Comcast announced it will set up its first development center in Israel. CBS Network News: 60 minutes, 48 hours, CBS Evening News with Dan Rather, CBS Morning News, Up to the Minute. 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 [80] By December 31, 1997, it was available in the Philadelphia, Detroit, Baltimore, Orange County, California, Sarasota and Union, New Jersey areas. [80] In February 1998, Comcast sold its U.K. division to NTL for US$600 million, along with the division's $397 million in debt. Responsible for overseeing Comcast's credit risk organization, including credit underwriting and portfolio risk management . [143][144] In December 2012, Comcast adopted a new corporate logo, which incorporates NBC's peacock logo to signify its ownership of the broadcaster. [207] The merger was completed on November 7, 2018 when the company was delisted after becoming a wholly owned subsidiary and division of Comcast.

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