Fully or partially owned Comcast programming includes Comcast Newsmakers, Comcast SportsNet, SportsNet New York, MLB Network, The Golf Channel, Syfy, and USA Network. Mr. Montagner also serves as the Chair of our Compensation Committee. Comcast was also ordered to disclose the full amounts customers will be charged for using their services on their advertisements. They primarily carried local programs and sports (including, in some cases, serving as the designated overflow channel for local regional sports networks). Brian L. Roberts is Chairman and CEO of Comcast Corporation. [97] In 1999, Comcast sold Comcast Cellular to SBC Communications for $400 million, releasing them from $1.27 billion in debt. 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. 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. More than a thousand customers issued complaints about these unprecedented charges to their bill. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. [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. Ian.Frazer@lennar.com 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. Plans for the launch initially scheduled for summer 2020[222] were put on hold due to the COVID-19 pandemic in the United Kingdom. [86][87] Also that year, Comcast made a founding investment of $380 million in QVC. He and his wife, Aileen, live in Philadelphia. [149][13], Comcast reported that third-quarter net profits in 2020 fell 37 percent to $2.02 billion from $3.22 billion the previous year, in part due to the limited capacity measures for the COVID-19 pandemic at theme parks like Universal Studios and movie theaters, with revenues falling 4.8 percent. Circuit to reverse the District Court's approval for AT&T acquisition of Time Warner (now renamed WarnerMedia). Michael J. Angelakis has served as the Chief Financial Officer of Comcast Corporation for more than five years. "[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. 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. Like Disney, the deal included the 20th Century Fox film and television studios, cable entertainment and broadcast satellite networks including FX Networks, National Geographic Partners, Fox Sports Networks, and international channels such as Star India. "Official Employees are from multiple teams within Comcast: Product, Support, Leadership. Comcast's shares traded at over $47 per share, and its market capitalization was valued at over US$213.4 billion in February 2022. [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. Stephen B. Burke has served as an Executive Vice President for more than five years. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. [62] Comcast employs multiple former U.S. CBS Network News: 60 minutes, 48 hours, CBS Evening News with Dan Rather, CBS Morning News, Up to the Minute. International stock quotes are delayed as per exchange requirements. The ACSI analysis also addresses this contradiction, stating that "Such pricing power usually comes with some level of monopoly protection and most cable companies have little competition at the local level. Raymond James Bank. 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". [107], On February 11, 2004, Comcast announced a $54billion bid for The Walt Disney Company, including taking on $12billion of Disney's debt. EXECUTIVE BOARD & Active Director. 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 . 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. To learn more about Directors, click on the individual's name in the chart. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. [239], Comcast spends millions of dollars annually on lobbying. Comcast denied the rumors at first, while NBC would not comment on them. He is on the Advisory Board of Tsinghua University School of Economics and Management. [186] Then on June 5, 2018, Culture Secretary Matt Hancock cleared both 21st Century Fox and Comcast's respective offers to acquire Sky plc. [139] On January 18, 2011, the FCC approved the deal by a vote of 4 to 1. 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. Moved to the UK in mid-2020, at that time running broadcasting for News Corp's British arm. [209], Comcast Cable, which goes by the brand name Xfinity, provides cable television, broadband internet, and home telephone services. 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. 305-559-4000 - Phone . A board of directors is essentially a panel of people who are elected to represent shareholders. [31] A dispute in 2004 with CWA, a labor union representing many employees at Comcast's Beaverton, Oregon offices, led to allegations of management intimidating workers, requiring them to attend anti-union meetings and unwarranted disciplinary action for union members. This document, together with the By-Laws, comprises Comcast's governing instruments. Comcast develops broadband cable networks and is involved in electronic retailing and television programming content. [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. . [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. The information here is provided for your convenience only. [96] In 1997, Microsoft invested $1 billion in Comcast, and the company launched its digital TV service. [27] As of 2019, the company had 184,000 employees.[28]. Brian L. Roberts, chairman and CEO of Comcast Kenneth J. Bacon, former Fannie Mae executive Madeline S. Bell, president and CEO of Children's Hospital of Philadelphia Edward D. Breen (lead independent director), executive chairman and CEO of DuPont Gerald Hassell, former chairman and CEO of The Bank of New York Mellon According to Corporate Library, Comcast's board of directors ability to oversee and control management was severely compromised (at least in 2010) by the fact that several of the directors either worked for the company or had business ties to it (making them susceptible to management pressure), and a third of the directors were over 70 years of age. Comcast executive David Cohen has joined PNC's board of directors. Key People Comcast Corp. Cl A Board of Directors Name/Title Current Board Membership expand All Executives Brian L. Roberts Chairman & Chief Executive Officer Michael J. Cavanagh President. Gregory E. Johnson *. Secondary Contact. Email. For the internet service provider previously branded as Comcast, see, Largest U.S. cable provider (2001present), Attempted acquisition of Fox and subsequence of Sky, All of Comcast's class B common stock, which controls 33.3% of voting power, is owned by CEO Brian Roberts. [163] Several states' attorneys general have announced support for the federal investigation. He was recognized byBarronsas one of the Worlds Best CEOs, named a Businessperson of the Year byFortunemagazine and named one of Americas top CEOs byInstitutional Investormagazine for the 17th time. [73] Comcast and other cable companies have lobbied state governments to pass legislation restricting or banning individual cities from offering public broadband service. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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. [226], Xumo is a free ad-supported streaming television (FAST) service, which Comcast acquired on February 25, 2020 for an undisclosed amount. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. According to the Global Leaders Forum Survey, the gender gap is highest in . 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. [227][228][229], On October 19, 2021, Comcast announced "XClass TV", a line of smart TVs manufactured by Hisense that would be powered by the X1 software platform used by its cable services. 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 . 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. 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. This section contains the composition and charters of our Board's committees. Post Office Box 5061, Monroe, Louisiana 71211. boardinquiries@lumen.com. 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. Mark G. Parker Mr. Parker, 66, is Executive Chairman of the Board of Directors of the Company and has been a director since 2006. 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