[38] Comcast was also named a "Top 2014 Workplace" by The Washington Post in their annual feature. [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. [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. Based in London for Sky (skygroup.sky), Europe's leading direct-to-consumer media and entertainment company, a division of Comcast-NBCUniversal. [80][85] In 1986, Comcast bought 26% of Group W Cable, a broadcast company, doubling its number of subscribers to 1 million. [101] The purchase of Lenfest also bought Comcast the remaining 50% stock of the cable operator Garden State Communications a company whom Comcast had already owned half of in partnership with Lenfest for years. [20][21], Comcast is described as a family business. 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. [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. [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. Detailed Quotes Tools Email Alerts RSS Feeds IR Contact FAQs Board of Directors in COMCAST CORP For its 2021 fiscal year, COMCAST CORP, listed the following board members on its annual proxy statement to the SEC. Barfield brings to the Board legal knowledge and experience, having practiced corporate and securities law at Sidley Austin LLP. Communication with shareholders and other interested parties is an important part of the governance process. BOARD OF DIRECTORS OFFICERS ROBERT BALGENORTH, Chairman CATHERINE REHEIS-BOYD, Vice-Chairman KATELYN ROEDNER SUTTER, Vice-Chairman JAY HANSEN, President & CEO CURT AUGUSTINE, Secretary LAURA LEWIS, Treasurer DIRECTORS Aera Energy LLC: SARA O'NEILL BOUTON, Vice President, Government and Regulatory Affairs A company training manual says, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". In 2020, NBCUniversal and Sky Group began preparations to launch an international news channel called NBC Sky World News. EXECUTIVE BOARD & Active Director. 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. The sale covered the majority of 21CF's entertainment assets, including 20th Century Fox, FX Networks, and National Geographic Partners among others. [77] Critics have noted that many of the strongest supporters of Comcast's business deals have received substantial funding from the Comcast Foundation. This is a clear gift to Disney. 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. As part of the deal, Time Warner Cable and Comcast traded existing subscribers in order to consolidate them into larger geographic clusters.[127][128]. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014. [168][169] The deal closed on August 22, 2016; DreamWorks Animation was integrated into NBCUniversal Film and Entertainment as part of Universal Pictures. Below is a summary of our committee structure and membership information. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. [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. 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. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. 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). [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. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. [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. States. 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. "[204] Eight days later, 21st Century Fox shareholders agreed to sell the majority of its assets to Disney for $71.3 billion. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. Compensation. Mr. 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. Nutrition & Biosciences, Inc., DuPont de Nemours Italiana Srl, International Flavors & Fragrances, Inc., Lebanon Valley College, Hun School of Princeton, Inc., The Prium (United States), Tyco Fire & Building Products LP, Grove City College, Comcast Corp., DuPont Safety Resources, DuPont de Nemours, Inc., DuPont Deutschland Holding GmbH & Co. KG, The Children's Hospital of Philadelphia, Comcast Corp., University City District (Pennsylvania), Schuylkill River Development Corp., Delaware Valley Healthcare Council, Solutions For Patient Safety, National Assn of Children's Hospitals & Related Institutions, Federal Reserve Bank of Philadelphia, Leonard Davis Institute of Health Economics. Philadelphia, Pennsylvania, United States. Philadelphia, PA 19103. [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. Comcast's shares traded at over $47 per share, and its market capitalization was valued at over US$213.4 billion in February 2022. [97] In 1999, Comcast sold Comcast Cellular to SBC Communications for $400 million, releasing them from $1.27 billion in debt. Chair and Chief Executive Officer. This also means that a cable company can do well financially even though its customers are not particularly satisfied. In July 2006, Comcast purchased the Seattle-based software company thePlatform. Comcast develops broadband cable networks and is involved in electronic retailing and television programming content. Fundamental company data and analyst estimates provided by FactSet. [143][144] In December 2012, Comcast adopted a new corporate logo, which incorporates NBC's peacock logo to signify its ownership of the broadcaster. The American Customer Satisfaction Index, "Lobbying Spending Database - Comcast Corp, 2017 | OpenSecrets", "Corporate Jet Set, Leisure vs. Businessw", "1080i channels are being changed to 720p channels", "Not so fastComcast told to stop claiming it has "fastest Internet", "MN sues Comcast alleging overcharges, broken promises", "Comcast/Xfinity to issue refunds to settle Minnesota lawsuit", ACC fans considering leaving Comcast in order to watch new ACC Network, ACC Fans Celebrate: ACC Network is Finally on U-Verse, Comcast Violates a Key Marketing Principle: Never Give Your Customers a Reason to Switch, NC Governor Asks TV Providers to Carry ACC Network, "Supreme Court Won't Stop Antitrust Trial for Comcast", https://en.wikipedia.org/w/index.php?title=Comcast&oldid=1141991033, Worldwide; mostly United States and Europe, Maritza Montiel, former deputy chairman and CEO of, Asuka Nakahara, former CFO of Trammell Crow, This page was last edited on 27 February 2023, at 23:10. In response, Comcast increased its bid to $34 billion, and $19.5 a share. ); the film studio Universal Pictures; the VOD streaming service Peacock; animation studios (DreamWorks Animation, Illumination, Universal Animation Studios) and Universal Parks & Resorts. On November 18, 2002, Comcast officially acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States with over 22 million subscribers. [41], The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. He also received the Legend and Leadership Award from the Yale School of Managements Chief Executive Leadership Institute. [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. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. [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. 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. Mark S. Hoplamazian was appointed to Hyatt Hotels Corporation's board of directors in November 2006 and subsequently named president and chief executive officer in December 2006. C: Chairperson M: Member * Independent Lead Director Non-independent Directors. 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. 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. Comprised of the most innovative leaders in media, technology, marketing, and advertising, our Board of Directors rallies our communities to grow our impact exponentially. In 2003, Comcast became one of the original investors in The Golf Channel. 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. 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. According to the Global Leaders Forum Survey, the gender gap is highest in . [82] In 1968, American Cable Systems purchased its first franchise of Muzak, a brand of background music played in retail stores. 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 Corp. engages in the provision of video, Internet, and phone services. 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. . The Xfinity Customer Commitment. [83] That same year, in partnership with Disney, Comcast got a 50.1% controlling interest in E! [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. 5505 Blue Lagoon Drive Miami, FL 33126. Secondary Contact. [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. [80] Comcast's initial public offering occurred on June 29, 1972, with a market capitalization of U.S. Board of Directors This section contains our Board of Directors' biographies. [95] Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers. 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. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. [246] The FCC issued a $2.3 million fine to Comcast after finding that the company was charging customers for unordered services and equipment. Comcast Cable. An All-American in squash, Brian competed six times in the Maccabiah Games in Israel. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Today, Comcast Corporation has approximately 186,000 employees worldwide and $121 billion in annual revenue. Board Member and Executive Director of The Walt Disney Family Museum. Comcast became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015. [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. [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. 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. This section contains the composition and charters of our Board's committees. On February 5, 2018, a new report by CNBC claims that despite the Disney/Fox deal, Comcast was considering topping Disney's $52.4 billion offer once the AT&TTime Warner merger goes through, after the Department of Justice Antitrust Division sued to block the merger on November 20, 2017. [24] In 2010, he was one of the highest paid executives in the United States, with total compensation of about $31 million. Fox's offer is contingent on the divestiture of Sky News. Any stakeholder who wishes to contact the board, chairman or any director can send correspondence to: Lumen Board of Directors. [170] Universal Pictures took over distribution of DreamWorks Animation films beginning in 2019 with How to Train Your Dragon: The Hidden World after DreamWorks Animation's deal with 20th Century Fox expired. Steve Raney. Can it overcome past failures? Comcast Business offers ethernet, internet, Wi-Fi, voice, television and managed enterprise services to organizations. Moved to the UK in mid-2020, at that time running broadcasting for News Corp's British arm. ACTIVE DIRECTOR JAMES CAMPBELL Senior Director, Government Affairs Altice USA. [14], Comcast has been criticized for a variety of reasons. Roberta Waite, Ed.D. Group Director for International Business Development. [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. Embedding D&I in the Business [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. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Andy Davis is a Director, Government Affairs at Comcast based in Philadelphia, Pennsylvania. In 1963, Ralph J. Roberts in conjunction with his two business partners, Daniel Aaron[79] and Julian A. Brodsky, purchased American Cable Systems[80] as a corporate spin-off from its parent, Jerrold Electronics, for U.S. $500,000.