Learn More Board Committees 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. More than a thousand customers issued complaints about these unprecedented charges to their bill. However, on December 11, 2017, Comcast officially dropped the bid, saying that "We never got the level of engagement needed to make a definitive offer. Brian has won numerous business and industry honors for his leadership. Roberta Waite, Ed.D. Board Member and Management Consultant. [89], In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Before it was renamed for Comcast's cable subsidiary, Xfinity Center was called Comcast Center from its opening in 2002 through July 2014. 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. [141][142] The transaction was completed on January 28, 2011. John Farris, Secretary. 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. Storecast was a client of Muzak. [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. 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. [24] In 2010, he was one of the highest paid executives in the United States, with total compensation of about $31 million. 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. 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. 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. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made a "firm offer". Ian.Frazer@lennar.com ACTIVE DIRECTOR JAMES CAMPBELL Senior Director, Government Affairs Altice USA. According to the Global Leaders Forum Survey, the gender gap is highest in . Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),[note 1] headquartered in Philadelphia, is the largest American multinational telecommunications conglomerate. CNN's key executives include Michael Bass and 16 others. Michael Bass Executive Vice President of Programming, CNN U.S. Katrina Cukaj Executive Vice President, CNN Advertising Sales Richard Davis Executive Vice President of News Standards and Practices, CNN Amy Entelis 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. [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. [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. [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. [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. Board Member. [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. 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. Comcast Corporation, based in Philadelphia, is the largest cable company in the United States, ahead of Time Warner Cable, with more than 24 million subscribers. [247], On August 8, 2016 an official Comcast employee confirmed that Comcast was changing native 1080i channels to the 720p60 format. The Media segment consists of NBCUniversals television and streaming platforms, including national, regional, and international cable networks. [86][87] Also that year, Comcast made a founding investment of $380 million in QVC. Ms. Henry is an independent director. [100][101] This consolidated Comcast's control over all of the Philadelphia region, and earned them approximately 1.3 million additional cable subscribers. Base pay is one part of the Total Rewards that Comcast provides to compensate and recognize employees for their work. . 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 Data may be intentionally delayed pursuant to supplier requirements. [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. 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). 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. Browse Board of Directors By First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Browse Executives by First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K Comcast Cable also provides similar services to small to medium-sized business through its Comcast Business brand, and Fortune 1000 companies through its Comcast Enterprise brand. [172][173] Including Comcast's Home Security offering, customers now have the option of a Quintuple Play. This document, together with the Articles of Incorporation, comprises Comcast's governing instruments. [97] In 1999, Comcast sold Comcast Cellular to SBC Communications for $400 million, releasing them from $1.27 billion in debt. Minimum 15 min delayed. [citation needed], Comcast's cable acquisitions in 1997 were Jones Intercable, Inc. with 1 million customers, and a stake in Prime Communications with 430,000 subscribers. General Counsel, Farris Bobango PLC. In July 2006, Comcast purchased the Seattle-based software company thePlatform. [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. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. Previously, President of CBS News from 2011-2019, responsible for CBS News broadcasts and . None other than: Frank Carlucci (of The Carlyle Group) Television Holdings: CBS: includes 14 stations and over 200 affiliates in the US. [42] Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. On November 16, 2017, it was reported that Comcast attempted to purchase 21st Century Fox, following the news 10 days earlier that The Walt Disney Company negotiated with Fox to acquire the same assets. Revenues grew sixfold from 1999's $6billion to almost $36billion in 2009. [83], The company was re-incorporated in Pennsylvania on March 5, 1969, under the new name Comcast Corporation. 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. They primarily carried local programs and sports (including, in some cases, serving as the designated overflow channel for local regional sports networks). Tye has also been actively involved . [109][110] However, after rejection by Disney and uncertain response from investors, the bid was abandoned in April. As part of the deal, Time Warner Cable and Comcast traded existing subscribers in order to consolidate them into larger geographic clusters.[127][128]. [119] The address book is Comcast Plaxo software. [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. Non-Employee Directors*. [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. Net profit margin rose from 4.2% in 1999 to 8.4% in 2009, with operating margins improving 31% and return on equity doubling to 6.7% in the same time span. "Official Employees are from multiple teams within Comcast: Product, Support, Leadership. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. "[237][238], In April 2014, Comcast was awarded the 2014 "Worst Company in America" award; an annual contest by the consumer affairs blog The Consumerist that runs a series of reader polls to determine the least popular company in America. Comcast Corp., Cable Television Laboratories, Inc. Urban Institute, Arbor Realty Trust, Inc., Comcast Corp., Revel & Underwood, Inc., Real Estate Executive Council, Martha's Table, Inc., Forest City Enterprises LP, Ally Financial, Inc., Welltower, Inc. Big Brothers Big Sisters of New York City, Inc., Comcast Corp., National September 11 Memorial & Museum at the World Trade, Duke University, The Bank of New York Mellon (New York, New York), The Partnership for New York City, Lincoln Center for the Performing Arts, Inc., MetLife, Inc., Metropolitan Life Insurance Co. American Beverage Association, Pepsi-Cola Bottlers Association, Germantown Academy, St. Joseph's University, Comcast Corp. 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. Source: FactSet. [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. 5505 Blue Lagoon Drive Miami, FL 33126. 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). Comprised of the most innovative leaders in media, technology, marketing, and advertising, our Board of Directors rallies our communities to grow our impact exponentially. 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 . 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. 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]. Secondary Contact. 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). Stephen B. Burke has served as an Executive Vice President for more than five years. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. It was reported that under the current deal with GE that it would happen in November or December. Who's #1 on the Board of Directors? Read more on hollywoodreporter.com. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. 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. 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]. A board of directors is essentially a panel of people who are elected to represent shareholders. One Comcast Center 1701 John F. Kennedy Boulevard Philadelphia Pennsylvania 19103 United States. Barfield brings to the Board legal knowledge and experience, having practiced corporate and securities law at Sidley Austin LLP. [115] In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. [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. 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. 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. [68] Comcast is also a major backer of the National Cable and Telecommunications Association Political Action Committee, which raised $2.6 million from 2011 to 2012. [35][36] The Boston Globe found Comcast to be that city's top place to work in 2009. This section contains the composition and charters of our Board's committees. Silver Winner - Extra-Large Company Comcast Corp. Gold Winner - Extra-Large Company: Comcast-Spectacor, The 15 Best Companies for Workforce Diversity, "The Washington Post Top Workplaces 2014", "Best Places to Work 2017 | Human Rights Campaign", "Comcast profit jumps 30%, with mixed results at NBCUniversal", "Comcast's Web of Lobbying and Philanthropy", "Comcast, Time Warner execs have been big Obama supporters", "David Cohen may be Comcast's secret weapon, but in D.C. he's a wonk rock star", "David L. Cohen quite influential without being a "lobbyist", "Top 50 Corporate PACs by Receipts January 1, 2011 December 31, 2012", "Top 50 Trade PACs by Receipts January 1, 2011 December 31, 2012", "National Cable & Telecommunications Assn", "SOPA and PIPA attract huge lobbying on both sides", "Comcast is donating heavily to defeat the mayor who is bringing gigabit fiber to Seattle", "How the Telecom Lobby is Killing Municipal Broadband", "ISP lobby has already won limits on public broadband in 20 states", "Republican Attorneys General Dark Money Group Organized Protest Preceding Capitol Attack", "AT&T, Comcast Gain From Subsidy Paid for by Customers", "Civil rights group's FCC positions reflect industry funding, critics say", "Daniel Aaron, 77, a Founder Of Comcast Cable Television", "A look at Comcast's changes over the decades", "Two Titans' Rocky Relationship Stands Between Comcast and Fox", "Ralph Roberts, Comcast Founder and Cable Pioneer, Dies at 95", "Comcast, Form 425, Filing Date Feb 11, 2004", "Business People; Son Succeeds Father As Comcast President", "THE MEDIA BUSINESS; Cellular Deal For Comcast", "Comcast to Buy Maclean's Cable: Television: The $1.27-billion cash deal would make the Philadelphia-based company the industry's third-largest cable operator", "Comcast to Buy Cable Division From Scripps", "Company News; NTL Agrees to Buy Comcast U.K. for $600 Million", "The Media Business; SBC Communications to Buy Comcast Cellular Operations", "COMPANY NEWS; COMCAST TO PICK UP GREATER PHILADELPHIA CABLEVISION", "Comcast replaces general manager at Garden State Cable", "AT&T, Form 8-K, Current Report, Filing Date Dec 21, 2001", "AT&T, Form 8-K, Current Report, Filing Date Nov 19, 2002", "Company News; Comcast Buys Tribune's Stake in Golf Channel", "Technology; Comcast Copes With Internet Problems", "Comcast makes $54B bid for Disney - Feb. 18, 2004", "Comcast Corp, Form 8-K, Current Report, Filing Date Feb 11, 2004", "Comcast makes $54B bid for Disney Feb. 18, 2004", "Comcast Corp, Form 8-K, Current Report, Filing Date Apr 28, 2004", "Sony, Form 6-K, Filing Date Sep 27, 2004", "Sony, Form 6-K, Filing Date Apr 11, 2005", "Susquehanna Media, Form 8-K, Current Report, Filing Date Nov 1, 2005", "Comcast, Form 10-K, Annual Report, Filing Date Feb 22, 2006", "Comcast Agrees to Acquire Patriot Media for $482 Million", "Comcast goes social with Plaxo acquisition | Outside the Lines CNET News", "Comcast: We Don't Want To Be Worst Company In America Again", "Congratulations Comcast; You're The Worst Company In America!