Comcast Corp - CMCSA STOCK NEWS

Comcast NBCUniversal and the Army & Air Force Exchange Service are partnering to provide free streaming access to NBCUniversal's full coverage of the 2024 Paris Olympic Games for service members and honorably discharged Veterans worldwide. The coverage includes over 5,000 hours of content across all 39 sports and 329 medal events, available through ShopMyExchange.com from July 26 to Aug. 11. Service members can access the coverage via NBCOlympics.com or the NBC Sports App, choosing the Exchange as their service provider. An active ShopMyExchange.com account is required, and OCONUS viewers must be on-installation with authorized internet service providers.

Comcast has submitted 91 applications for the second round of the Massachusetts Broadband Infrastructure Gap Networks Grant Program, administered by the Massachusetts Broadband Institute (MBI). If awarded, these applications aim to connect remaining homes and businesses in 91 communities to Comcast's Xfinity network, offering gig speeds and reliable service.

Comcast has invested $909 million over the last three years in Massachusetts to expand and maintain its network. The company has already completed five broadband expansion projects with MBI, connecting over 3,000 homes and businesses since 2018. Comcast has received 140 letters of support from local communities for these applications.

In addition to network expansion, Comcast has provided $54.8 million in charitable contributions to 238 nonprofits across Massachusetts and installed 76 Lift Zones offering free WiFi service to community centers.

Comcast has announced the premiere of the award-winning documentary 'Wade in the Water: A Journey into Black Surfing and Aquatic Culture' on its Black Experience on Xfinity channel and the Xumo Play free streaming app. Directed by David Mesfin, the film explores the 1,000-year-old tradition of Black surfing, challenging conventional surf culture stereotypes. The documentary aims to inspire a new generation of Black surfers and promote diversity in aquatic sports.

The release on Black Experience on Xfinity, launched in 2021, aligns with Comcast's goal of showcasing diverse talent and content creators. The channel, available on Xfinity X1, Flex, and the Xfinity Stream app, offers a wide range of Black entertainment, movies, TV shows, and news at no additional cost to Xfinity customers.

Comcast has announced a $35 million commitment to support hundreds of community organizations in 2024, aiming to train the 'Team of Tomorrow' by expanding access to opportunities, technology, and digital skills. This initiative aligns with the excitement of the Olympic and Paralympic Games Paris 2024, running from July 26 to September 28.

The investment is part of Project UP, Comcast's comprehensive effort to advance economic mobility. It addresses the digital skills gap highlighted by the National Skills Coalition, which reports that 92% of jobs require digital skills, yet nearly one-third of U.S. workers lack basic digital proficiency.

Comcast's funding supports various nonprofit partners, including Jobs For the Future, Per Scholas, 2Gether-International, BUILD.org, Wide Angle Youth Media, and NBCU Academy. These organizations focus on research, digital skills training, entrepreneurship, and creativity, aiming to bridge the skills and opportunity gap for generations to come.

Comcast Advertising and Comscore have expanded their partnership to enhance cross-platform signal validation for TV advertising measurement. The collaboration leverages Comcast Advertising's Signal Authentication solution, covering nearly 32 million U.S. households, to improve accuracy in reach, frequency, and attribution measurement across linear and streaming TV.

This privacy-first approach aims to address challenges related to signal loss and data quality in the advertising industry. The partnership will enable Comscore clients to more confidently reach audiences and measure ad performance, leading to improved budget allocation and campaign optimization. The solution offers a new standard of accuracy previously unavailable in the market, helping advertisers better understand their campaign performance while maintaining high standards of consumer privacy.

Comcast has awarded $150,000 in grants to four Pittsburgh-based non-profit organizations as part of its Project UP, a $1 billion commitment to advance digital equity. The recipients are the African American Chamber of Commerce of Western Pennsylvania, Neighborhood Allies, STEM Coding Lab, and Veterans Leadership Program of Western Pennsylvania. These grants will support various initiatives, including digital skills workshops, educational events for small businesses, computer science education for K-8 students, and digital literacy programs for veterans.

In addition to the grants, Comcast has installed 176 free WiFi-connected Lift Zones in Pennsylvania, part of over 1,250 nationwide. The company is also expanding its Xfinity network in Allegheny and Butler Counties, potentially reaching 11,000 additional homes and businesses. Comcast has also received funding from Pennsylvania to connect underserved communities in Beaver, Indiana, and Westmoreland Counties.

Comcast Technology Solutions' DataBee™ has introduced BeeKeeper AI™, a generative AI-powered chatbot designed to address the challenge of finding and validating asset owners. This new tool aims to eliminate IT operations, security, and compliance gaps while freeing up valuable staff time. BeeKeeper AI is now part of DataBee for Security Hygiene, which operates on the DataBee Hive™ security, risk, and compliance data fabric platform.

The chatbot uses Comcast's patent-pending entity resolution technology to automatically reach out to predicted users via Microsoft Teams, verifying asset information and ownership. This process helps organizations close security vulnerabilities and compliance gaps associated with unknown or orphaned assets. BeeKeeper AI will be available for Private Preview with Microsoft Teams in early August 2024, with general availability expected in September as part of the DataBee Hive suite.

Diamond Sports Group and Comcast have reached a carriage agreement for the distribution of Diamond's 15 regional sports networks (RSNs) to Xfinity TV customers. Starting August 1, 2024, subscribers to Comcast's Xfinity Ultimate TV package in Bally Sports markets will gain access to live, local MLB, NBA, and NHL games and related content on Diamond's RSN channels. Customers will also be able to stream content through the Bally Sports app using their Xfinity credentials.

This agreement follows Diamond's previously announced distribution deals with Charter Communications, DIRECTV, Cox Communications, and Fubo. Diamond Sports is now focused on finalizing agreements with the NHL and NBA to complete its restructuring efforts and present a reorganization plan to the Court.

Comcast (CMCSA) has appointed Lance West as Executive Vice President of Federal Government Affairs and Head of the Washington, DC office. West will lead the company's legislative and regulatory initiatives, reporting to Tom Reid, Chief Legal Officer. His role includes overseeing advocacy strategy, managing key relationships, and representing Comcast's leadership in Washington.

West brings significant experience from his previous roles as Vice President of Federal Government Relations at The American Petroleum Institute and Chief of Staff to Senator Joe Manchin. He was instrumental in passing landmark legislation such as the Infrastructure Investment and Jobs Act and the Inflation Reduction Act of 2022.

Tom Reid praised West's exceptional leadership experience and broad understanding of the regulatory landscape. West expressed excitement about joining Comcast and advancing the company's vision. He will begin his new role on September 3, 2024.