In April 2016, Comcast confirmed that its NBCUniversal division would acquire DreamWorks Animation for $3.8 billion. [161] On March 6, 2014, the United States Department of Justice Antitrust Division confirmed it was investigating the deal. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. On July 16, 2018, CNBC reported that Comcast was unlikely to continue its bidding war to acquire Fox from Disney in favor of Sky. 1 In addition, the candidate pool is very specific and typically includes sitting and recently retired CEOs, COOs, and presidents, followed by other corporate executives . [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. Kenneth J. Bacon. Copyright FactSet Research Systems Inc. All rights reserved. Chairman, Raymond James Trust. 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. [220][221] The service was also planned for it to be available on Peacock in the United States. [138][139][140] GE would take over the remaining 49% stake in NBC Universal, using $5.8billion to buy out Vivendi's 20% minority stake in NBC Universal. He served as President and Chief Executive Officer of the Company from 2006 - 2020. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. [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. 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. [96] In 1997, Microsoft invested $1 billion in Comcast, and the company launched its digital TV service. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. [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. Directors Timothy Adams Mindyjane Berman Iris Boci Gary Bridges David Deets Dee Dukes Gordon Fink Trenya Garner Comcast Cable. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. Email. 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. [126] Time Warner Cable became the second-largest cable provider in the U.S., ranking behind Comcast. Data may be intentionally delayed pursuant to supplier requirements. 305-559-4000 - Phone . (215) 665-1700. tom_karinshak@cable.comcast.com. [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. He also received the Legend and Leadership Award from the Yale School of Managements Chief Executive Leadership Institute. The sale covered the majority of 21CF's entertainment assets, including 20th Century Fox, FX Networks, and National Geographic Partners among others. CNN's key executives include Michael Bass and 16 others. Board Member. In the fall of 2018, it finished construction of the 1,121ft (342m) Comcast Technology Center, Pennsylvania's tallest skyscraper, adjacent to its original headquarters. [14], Comcast has been criticized for a variety of reasons. [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. GE would maintain 49% control of the new company, while Comcast owned 51%. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. 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. . [71], Comcast also backs lobbying and PACs on a regional level, backing organizations such as the Tennessee Cable Telecommunications Association[72] and the Broadband Communications Association of Washington PAC. ACTIVE DIRECTOR JAMES CAMPBELL Senior Director, Government Affairs Altice USA. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The information here is provided for your convenience only. [185] Eight days later, several Fox investors expressed interests in signing a deal with Comcast due to their all-cash offer as opposed to Disney's $52.4 billion stock offer. [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. 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. 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 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). Pat Gallagher. An All-American in squash, Brian competed six times in the Maccabiah Games in Israel. "[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. ", "Comcast-Fox Deal Talks Latest Entry Into Media Merger Mania", "Comcast drops bid for Fox assets, leaving Disney in pole position", "Disney is buying most of 21st Century Fox for $52.4 billion", "Murdoch bid for Sky challenged by US giant", "Comcast Mulls Renewing Its 21st Century Fox Assets Pursuit Report", "Comcast May Make Another Bid for 21st Century Fox (Report)", "NBCU's Steve Burke Claims Comcast's $31B Sky Deal Will Boost Scripted TV & Film Fortunes, Fox Notes No "Firm Offer" Was Made; 21st Century Fox Reacts Update", "Disney Will Be Forced To Acquire All Of Sky If Fox's Takeover Of UK Pay Net Is Not Complete Before Mega-Deal", "Comcast starts 22bn bidding war for Sky", "Comcast's all-cash bid could pit Murdoch against Fox shareholders", "Sky bid battle looms after government nod", "U.K. Approves Fox's Sky Bid, Subject to Sale of Sky News, and Clears Comcast Offer", "Comcast makes $65 billion offer to steal 21st Century Fox away from Disney", "Comcast Clears EU Hurdle in $29 Billion Bid for Sky", "Comcast Clears EU Antitrust Hurdle for Sky Ahead of Disney Fight", "Walt Disney Agrees to Acquire Sky News, Annual Funding to Be Boosted to $130M", "Disney Sweetens Offer for Fox to $71 Billion, Outbidding Comcast", "Disney wins US antitrust approval to buy Fox assets", "Disney, Fox Set Shareholder Voting Date for $71 Billion Deal", "Disney and Fox schedule July 27 shareholder votes on merger upping pressure on Comcast", "Murdoch's Fox increases Sky bid to 24.5bn in takeover battle", "Comcast Raises Bid for Sky as Regulatory Decision Accelerates Sale Process", "Sky Hearing on Same Day as Fox Vote Complicates Comcast Bid", "Here's what the DOJ needs to happen to win its appeal against AT&T", "DOJ challenge to AT&T-Time Warner deal could affect Disney and Comcast's bidding war for Fox, says AT&T's Stephenson", "Comcast unlikely to raise Fox bid; focused on Sky: Sources", "Comcast drops bid for 21st Century Fox, clearing way for Disney", "Comcast outbids 21st Century Fox for Sky", "Disney-Fox to sell Sky stake to Comcast", "Recommended mandatory superior cash offer for Sky: Compulsory acquisition of Sky shares", "Comcast looks to Sky deal as US cord cutting hits home", "Comcast to acquire startup Levl for an estimated $50 million", "Comcast Adds ESPNU and ESPN360.com to Line Up With Content On Television, On Demand and Online", "Comcast Buys DreamWorks Animation For $3.8 Billion In Race Against Disney", "Comcast buys DreamWorks Animation in $3.8 billion deal", "Comcast Buying DreamWorks Animation for About $3.55B", "Comcast to Buy DreamWorks Animation for $3.8 Billion", "Leading European pay TV operators by revenue 2018", "Phone Scandal Poses Defining Test for a Murdoch Son", "Sky and NBC team up for new global news channel under owner Comcast", "NBCUniversal Delays Launch of NBC Sky World News", "Cancellation of NBC Sky World News plan leaves 60 out of job", "Comcast Abandons Plan To Launch International News Channel NBC Sky World News", "NBC News unveils 'Signal,' its streaming network for cable-cutters", "Comcast Buys Ad-Supported Streaming Service Xumo", "Why Comcast agreed to buy Xumo, an ad-supported free streaming service", "Comcast Acquires Xumo Free-Streaming Video Service", "Comcast Launches XClass TV, Its First TV Sets in the U.S., Taking Streaming Platform Direct-to-Consumer", "Cable Giants Comcast and Charter Team Up on Streaming Devices", "Comcast and Charter team up in hopes of toppling Roku, Amazon streaming hardware", "Comcast, Charter Form Joint Venture to Launch Nationwide Streaming Platform", "Comcast, Charter Streaming Joint Venture Branded as 'Xumo'. Director, State Government Affairs Charter Communications. Contact the Board or Audit Committee. At Dell Technologies, all our Digital Leaders are innovation pioneers, driving the technological revolution forward. . Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Before it was renamed for Comcast's cable subsidiary, Xfinity Center was called Comcast Center from its opening in 2002 through July 2014. Edward D. Breen, Director, Comcast Corporation Edward D. Breen* has served as a director since February 2014. On August 22, 2016, NBCUniversal bought DreamWorks Animation along with its major IP, including Shrek, How to Train Your Dragon, Kung Fu Panda, Trolls, and Madagascar and Big Idea Entertainment owning its famous Christian computer animated direct-to-video franchise VeggieTales. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Compensation and Human Capital Committee. [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. "Official Employees are from multiple teams within Comcast: Product, Support, Leadership. [111] In 2004, Comcast sold its QVC shares to Liberty Media for $7.9 billion.[112]. [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. Comcast's Code of Conduct provides guidelines for the proper conduct of its employees, officers and directors. Date Posted: February 21, 2023 Salary: $16,337.00 - $19,858.00 Monthly Description: The Deputy General Counsel will perform varied professional legal work with emphasis on the County Employees Retirement Law of 1937 (CERL) and the California Public Employees' Pension Reform Act of 2013 (PEPRA); analyze Board of Retirement policies, regulations and guidelines to ensure compliance with . 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. Governance and Corporate Responsibility Committee Charter, Compensation and Human Capital Committee Charter, Governance and Corporate Responsibility Committee. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. 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. Andy Davis's Phone Number and Email Last Update. At the same time, Fox was given clearance by the British government to purchase Sky. [159] The U.S. Senate Judiciary Committee held a hearing on the deal on April 9, 2014. He made his Major League Baseball (MLB) debut with the Baltimore Orioles in 2001 and played for the team until 2013. [150], On February 12, 2014, the Los Angeles Times reported that Comcast sought to acquire Time Warner Cable in a deal valued at $45.2 billion. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made a "firm offer". Stephen (Steve) J. Rohleder Chair of Cognizant's Board of Directors; Former Group Chief Executive, North America and Chief Operating Officer of Accenture Joseph (Joe) M. Velli Former Senior Executive Vice President of The Bank of New York Sandra S. Wijnberg Former Partner, Aquiline Holdings Get answers to your questions It concluded that Comcast's staff endured unreasonable corporate policies: "Customer service has been replaced by an obsession with sales; technicians are understaffed tech support is poorly trained, and the company is hobbled by internal fragmentation. [42] Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. [249], On December 21, 2018, Minnesota State Attorney General Lori Swanson filed a lawsuit against Comcast in Hennepin County over allegations that the company had overcharged customers for cable packages, added home security, service protection plans, modem and other equipment packages to customers bills without their consent, and did not give customers the prepaid 200$ Visa cards they promised to give if customers kept up-to-date on their monthly bills for 90 days on their advertisements. Learn More Board Committees Previously, President of CBS News from 2011-2019, responsible for CBS News broadcasts and . Board Member and Management Consultant. "[29] A widely read article by an anonymous Comcast call center employee appeared in November 2014 on Cracked. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. On May 19, 2009, Disney and ESPN announced an agreement to allow Comcast Corporation to carry the channels ESPNU and ESPN3.[211]. States. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. [118], Comcast announced in May 2007[119] and launched in September 2008 a dashboard called SmartZone that allowed users to perform mobile functions online. Comcast believes that its business prospers most in an environment that is ethically sound. [235] Comcast Spectacor holdings now include the Philadelphia Flyers NHL hockey team and their home arena in Philadelphia. [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. Media outlets began reporting in late September 2009 that Comcast was in talks to buy NBC Universal. In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. Today, Comcast Corporation has approximately 186,000 employees worldwide and $121 billion in annual revenue. [62] Comcast was among the top backers of Barack Obama's presidential runs, with Comcast vice president David Cohen raising over $2.2 million from 2007 to 2012. [239], Comcast spends millions of dollars annually on lobbying. 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. The new service, described as being a "Wi-Fi and MVNO-integrated product", and was expected to launch in mid-2017. [174] The service was officially announced on April 6, 2017, as Xfinity Mobile.[175]. Board of Directors. Brian L. Roberts. Kenneth J. Bacon has served as a director since November 2002. [82] In 1968, American Cable Systems purchased its first franchise of Muzak, a brand of background music played in retail stores. 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 [ 29 ] a widely read article by an anonymous Comcast call employee. Are innovation pioneers, driving the technological revolution forward to Liberty Media for $ 3.8 billion. 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