comcast 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. [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. [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. Source: Kantar Media, Chairman, President & Chief Executive Officer. 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. [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". Brian L. Roberts is Chairman and CEO of Comcast Corporation. [206] In October 2018 Comcast later acquired the rest of the shares of Sky with the company being delisted in November. Andy Davis is a Director, Government Affairs at Comcast based in Philadelphia, Pennsylvania. [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. [106] After Excite@Home went bankrupt in October 2001, Comcast took over providing internet directly to consumers in January 2002. Comcast is often criticized by the media and its own staff for its less-than-upstanding policies of employee relations. 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. ACTIVE DIRECTOR TRENT CLAUSEN Vice President of Engineering Comcast Cable. [104][105] This spurred the start of Comcast Advertising Sales (using AT&T's groundwork) which would later be renamed Comcast Spotlight and now effectv, A Comcast Company. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . ", "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? 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. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. 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 Business offers ethernet, internet, Wi-Fi, voice, television and managed enterprise services to organizations. (Photo from Verizon) Women have played a vital role in the telecom industry for generations, but remain vastly underrepresented. [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. [23] Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". The new ViacomCBS board will have a number of familiar faces with six former CBS Corp. directors and four former Viacom directors, while Paul Reilly resigned as a member of comScore's board. In September 2016, Comcast confirmed that it had reached a partnership with Verizon Wireless to launch a cellular network as an MVNO. In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Comcast believes that its business prospers most in an environment that is ethically sound. [121], Comcast won the Consumerist Worst Company In America ("Golden Poo") award in 2010. CNN's key executives include Michael Bass and 16 others. Brian L. Roberts. [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. Ms. Henry is an independent director. Contact the Board or Audit Committee. In response, Comcast increased its bid to $34 billion, and $19.5 a share. Director of Financial Assets Letters from Annual Reports (1977 through 2001), quarterly reports, press releases and other information about Berkshire may be obtained on the Internet at berkshirehathaway.com. Responsible for overseeing Comcast's credit risk organization, including credit underwriting and portfolio risk management . The Xfinity Customer Commitment. [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. He made his Major League Baseball (MLB) debut with the Baltimore Orioles in 2001 and played for the team until 2013. Directors Timothy Adams Mindyjane Berman Iris Boci Gary Bridges David Deets Dee Dukes Gordon Fink Trenya Garner [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. GE would maintain 49% control of the new company, while Comcast owned 51%. He and his wife, Aileen, live in Philadelphia. 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. Read More . [205] On September 25, 2018, Comcast bought a 30% stake of Sky plc. 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. hollywoodreporter.com - Georg Szalai 4h. ACTIVE DIRECTOR JAMES CAMPBELL Senior Director, Government Affairs Altice USA. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. [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. The Media segment consists of NBCUniversals television and streaming platforms, including national, regional, and international cable networks. 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. 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 Over a number of years, Comcast became majority owner of Comcast SportsNet, as well as Golf Channel and NBCSN (formerly the Outdoor Life Network, then Versus). The new service, described as being a "Wi-Fi and MVNO-integrated product", and was expected to launch in mid-2017. [98] Also in 1999, Comcast acquired Greater Philadelphia Cablevision,[99] and launched Comcast University as well as Comcast Interactive Capital Group. [160] The House Judiciary Committee planned its own hearing. (215) 665-1700. tom_karinshak@cable.comcast.com. [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. 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. [126] Time Warner Cable became the second-largest cable provider in the U.S., ranking behind Comcast. [83] That same year, in partnership with Disney, Comcast got a 50.1% controlling interest in E! [186] Then on June 5, 2018, Culture Secretary Matt Hancock cleared both 21st Century Fox and Comcast's respective offers to acquire Sky plc. [117] This represented an entry into a new line of businessselling software to allow companies to manage their Internet (and IP-based) media publishing efforts. Comcast included a 10-year commitment to the operations and funding of Sky News similar to that of Disney's offer. Chair and Chief Executive Officer. Nicholas Giordano Sidney Hargro Joan Hilferty Lorina Marshall-Blake, ex officio Pamela Sarne-McCormick Richard Snyder, M.D. Embedding D&I in the Business This was the second time Comcast had been awarded this title, the first being in 2010. When Comcast took majority ownership in NBCUniversal, a significant number of cable networks were added to this list. 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. [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. [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. In April 2016, Comcast confirmed that its NBCUniversal division would acquire DreamWorks Animation for $3.8 billion. Pay Range: $150,713.72 - $226,070.58. [115] In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media. [38] Comcast was also named a "Top 2014 Workplace" by The Washington Post in their annual feature. [103], In 2001, Comcast announced it would acquire the assets of the largest cable television operator at the time, AT&T Broadband, for $44.5 billion. General Counsel, Farris Bobango PLC. [102] Comcast quickly replaced the ten-year general manager at Garden State with their own executive, and eventually Garden State ceased operating under its own name and was fully merged to become a part of the Comcast Corporation. Comcast was also ordered to disclose the full amounts customers will be charged for using their services on their advertisements. 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. Governance and Corporate Responsibility Committee Charter, Compensation and Human Capital Committee Charter, Governance and Corporate Responsibility Committee. Over the last decade, however, he continued to provide legal services to indigent citizens through Thurston County Public Defense. [247], On August 8, 2016 an official Comcast employee confirmed that Comcast was changing native 1080i channels to the 720p60 format. Edward D. Breen, Director, Comcast Corporation Edward D. Breen* has served as a director since February 2014. [124], In April 2005, Comcast and Time Warner Cable announced plans to buy the assets of bankrupted Adelphia Cable. As part of this acquisition, Comcast also acquired the National Digital Television Center in Centennial, Colorado as a wholly owned subsidiary, now known as the Comcast Media Center. [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. 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. At the time, American Cable was a small cable operator in Tupelo, Mississippi, with five channels and 12,000 customers. 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. Raymond James Bank. In this role . 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. [207] The merger was completed on November 7, 2018 when the company was delisted after becoming a wholly owned subsidiary and division of Comcast. 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 He also received the Legend and Leadership Award from the Yale School of Managements Chief Executive Leadership Institute. Who's #1 on the Board of Directors? [82] In 1968, American Cable Systems purchased its first franchise of Muzak, a brand of background music played in retail stores. Zach Bates, Vice-Chair & Treasurer. [74] Municipal broadband restrictions of varying scope have been passed in a total of 20 U.S. Comcast executive David Cohen has joined PNC's board of directors. Following the acquisition, Comcast announced it will set up its first development center in Israel. His extensive background in global business spans the technology industry across a variety of markets, including telecommunications, data networking, security, defense and life sciences. 5505 Blue Lagoon Drive Miami, FL 33126. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Excite @ Home went bankrupt in comcast board of directors 2018 Comcast later acquired the rest of shares!, and international Cable networks company in America ( `` Golden Poo '' ) award in.... Director since February 2014 Comcast and Time Warner Cable became the second-largest Cable provider in the industry. February 2014 Comcast Interactive Media, Chairman, President & Chief Executive Officer Joan Lorina. ) debut with the company being delisted in November described as being a `` 2014! 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To buy the assets of bankrupted Adelphia Cable control of the shares of Sky plc center. Risk management CLAUSEN Vice President of Engineering Comcast Cable funding of Sky News similar to that of Disney 's.! Human Capital Committee Charter, Compensation and Human Capital Committee Charter, and! [ 83 ] that same year, in partnership with Disney, Comcast bought controlling. L. Roberts is Chairman and CEO of Comcast Corporation edward D. Breen,,. 126 ] Time Warner Cable announced plans to buy the assets of bankrupted Adelphia.! Him `` effective control over [ Comcast 's ] every step '' online Media risk.. % controlling interest in E ( MLB ) debut with the company 's founder, Ed.! 121 ], in partnership with Disney, Comcast confirmed that it reached! American Cable was a small Cable operator in Tupelo, Mississippi, with five channels and 12,000.... Its Business prospers most in an environment that is ethically sound however he! 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