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Comcast Corp - CMCSA STOCK NEWS

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Comcast Corporation, headquartered in Philadelphia, is the largest American multinational telecommunications and media conglomerate. With a core cable business servicing 63 million US homes and businesses, Comcast also owns NBCUniversal, Sky, CNBC, MSNBC, USA, Universal Studios, and more. Recently, Comcast announced a $1 million grant to The Arc of the United States to enhance digital equity and advocate for the IDD community.

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Comcast and the U.S. Conference of Mayors (USCM) announced the winners of the Talent for Tomorrow: Digital Equity Challenge grant awards program. Ten cities across three categories will receive grants to expand digital training programs and close the skills gap. Small cities (Kinston, NC; Michigan City, IN; White Plains, NY; York, PA) will receive $75,000 each. Medium-sized cities (Cleveland, OH; Little Rock, AR; Richmond, VA) will get $150,000 each. Large cities (Charlotte, NC; Los Angeles, CA; Portland, OR) will receive $250,000 each.

The initiative, part of Comcast's Project UP, aims to support workforce programs that enhance college and career readiness, advance economic mobility, and build generational wealth in under-resourced communities. Projects focus on digital literacy, skills development, and innovative technology solutions to address local needs and foster economic growth.

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Universal Pictures' latest film, 'The Fall Guy,' directed by Colt Seavers, has received the Environmental Media Association Gold Seal for its sustainable production practices. Key initiatives included the use of an electric Hummer from GMC for major scenes, a hybrid basecamp generator cutting diesel usage by 75%, and energy-efficient LED lighting. Additionally, 1,400 meals were donated through Oz Harvest, and over 15 metric tons of set materials and props were distributed to local charities. Executive Producer Kelly McCormick emphasized the film industry's role in promoting sustainability. The project aligns with Universal's GreenerLight program, enhancing sustainability throughout filmmaking.

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Comcast recently celebrated its fifth annual Diversity, Equity, and Inclusion (DE&I) Day, emphasizing its long-standing commitment to fostering an inclusive workplace. The event, which drew tens of thousands of participants worldwide, featured a keynote from Academy Award-nominated Taraji P. Henson. This year's theme, 'Allyship in Action,' highlighted practical steps employees can take to support inclusivity. Comcast has made continuous learning and open-mindedness central to its DE&I initiatives, aiming to create a culture where all employees feel valued and respected.

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Comcast's Xfinity Mobile and NOW Mobile are celebrating the fourth annual 'Break Free From The Big Three Day' with significant savings and new Samsung devices. New and existing Xfinity Mobile customers can get up to $800 off on pre-orders of Samsung Galaxy Z Fold6 and Galaxy Z Flip6. Xfinity Mobile, available to Xfinity Internet customers, offers a free second line of Unlimited for a year with the purchase of the first line. NOW Mobile, bundled with NOW Internet, provides flexible, contract-free packages starting at $55 per month. In addition, Xfinity StreamSaver offers a $15 streaming bundle, including Peacock, Netflix, and Apple TV+. The promotions aim to provide affordable and flexible mobile and entertainment services, leveraging Xfinity's extensive 5G and WiFi networks.

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Comcast has announced a significant reduction in the electricity required to deliver data across its network by 40% since 2019, owing to its shift to virtualized, cloud-based technologies. This network transformation enables faster broadband speeds and greater reliability with less equipment and energy usage, contributing to Comcast's goal of carbon neutrality by 2035. Electricity consumption per terabyte (TB) of data has decreased from 18.4 kWh in 2019 to 11.0 kWh in 2023. Collaborations with business partners like Hewlett Packard Enterprise are pivotal in this shift, promoting sustainable, energy-efficient innovations.

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Comcast NBCUniversal SportsTech, powered by Boomtown, has announced its latest partnership with the University of Notre Dame. Starting in 2025, Notre Dame becomes the first collegiate partner in SportsTech’s innovation program, joining a consortium that includes prominent sports brands such as NBC Sports, Sky Sports, NASCAR, Premier League, PGA Tour, and various U.S. Olympic sports organizations. This partnership builds on Notre Dame's longstanding relationship with NBC Sports, which has exclusively broadcast Notre Dame home football games since 1991. The collaboration aims to provide startups with opportunities for innovation and development through direct engagement with Notre Dame’s experts and leaders. Notably, Notre Dame's athletic and academic programs, including its Innovation Park and accelerator support for startups, will further enrich the program. The initiative highlights an ongoing commitment to innovation in sports and technology, enhancing fan experiences and supporting athlete performance.

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Comcast has announced its roster of sixteen sponsored athletes for the Olympic and Paralympic Games Paris 2024. The roster includes prominent athletes like U.S. Olympic bronze medalist Noah Lyles, U.S. Olympic hopeful Victor Montalvo, and U.S. Paralympic gold medalist Anastasia Pagonis. Comcast aims to highlight these athletes' journeys and achievements through its various platforms.

The company will also offer a 'Connections Credit' to all Team USA athletes to ensure they stay connected during the Games. Comcast is committed to supporting Team USA through 2028, with NBC serving as the exclusive U.S. broadcaster of the Games. The Paris 2024 Opening Ceremony will air on NBC and Peacock on July 26.

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Comcast NBCUniversal has been named to The Civic 50 by Points of Light for the 11th consecutive year, recognizing it as one of the most community-minded companies in the United States. This honor underscores Comcast NBCUniversal's commitment to positive social impact through initiatives like Project UP, a $1 billion digital equity and economic mobility program. In 2023, Comcast partnered with the National Skills Coalition to bridge workforce development with federal funding, supported over 16,000 employee volunteers who contributed nearly 130,000 hours, and granted $25 million to community organizations focused on skill building and job training. The Civic 50, determined by an annual survey from Points of Light, serves as a benchmark for corporate citizenship best practices.

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Comcast has named Javier Garcia as the new Senior Vice President of Sales & Marketing for its Central Division, headquartered in Atlanta, Georgia. Garcia, who has over 20 years of experience in the connectivity, digital media, and technology sectors, will oversee brand and product marketing, sales, and customer retention strategies across 12 states.

Garcia has been with Comcast since 2014, previously holding roles such as Senior Vice President of Competitive Marketing and Strategy and Senior Vice President of Sales & Marketing for the Comcast Florida Region. He has also led Comcast's multicultural services strategy for Xfinity products. Garcia’s extensive expertise in multicultural engagement and his results-driven approach are expected to enhance Comcast's brand and drive strategic growth.

Christine Whitaker, President of Comcast's Central Division, expressed confidence in Garcia's ability to propel the brand forward with innovative and customer-centric strategies.

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Comcast has launched NOW TV Latino, a new streaming service offering 25+ live Spanish-language channels and Peacock Premium for $10/month. This service is available to Xfinity Internet customers without any contracts or additional fees. It features a broad range of content including movies, TV shows, live sports, and news in both Spanish and English. Customers can also bundle NOW TV Latino with other Xfinity streaming services like NOW TV, NOW StreamSaver, and Xfinity StreamSaver for additional entertainment options. Highlights include popular channels like Cinelatino, Telemundo, and live sporting events, making it a versatile choice for Hispanic viewers.

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FAQ

What is the current stock price of Comcast (CMCSA)?

The current stock price of Comcast (CMCSA) is $37.98 as of December 23, 2024.

What is the market cap of Comcast (CMCSA)?

The market cap of Comcast (CMCSA) is approximately 144.5B.

What is Comcast Corporation known for?

Comcast Corporation is the largest American multinational telecommunications and media conglomerate, offering television, internet, and phone services to millions of US homes and businesses.

What are some of Comcast's key acquisitions?

Comcast acquired NBCUniversal from General Electric in 2011 and Sky in 2018, making it a major player in the media and entertainment industry.

What recent initiative did Comcast announce with The Arc of the United States?

Comcast recently announced a $1 million grant to The Arc to enhance digital equity, support special education advocacy, and provide Spanish-speaking families access to resources.

How does Comcast support the IDD community?

Comcast supports the IDD community through initiatives like The Arc@School Special Education Advocacy Curriculum, Tech Coaching Centers, and targeted outreach to Hispanic communities.

What impact does Comcast's $1 million grant to The Arc have?

The grant will help The Arc enhance its data infrastructure, digital literacy programs, advocacy efforts, and support for Spanish-speaking families, empowering millions of people with disabilities across America.

What is Comcast's vision for digital equity?

Comcast's vision for digital equity is to ensure all individuals, including those with disabilities, have access to technology, skills training, and opportunities for independence and success.

How does Comcast collaborate with The Arc of the United States?

Comcast collaborates with The Arc to provide grants, translate educational resources into Spanish, conduct outreach to Hispanic communities, and support Tech Coaching Centers for people with IDD.

What is the significance of Comcast's partnership with The Arc?

Comcast's partnership with The Arc aims to break down barriers, create equity, and empower individuals with disabilities to thrive by providing access to education, technology, and advocacy.

How does Comcast contribute to social impact and corporate responsibility?

Comcast demonstrates social impact and corporate responsibility through initiatives like Project UP, which aims to advance digital equity, support the IDD community, and create a future of unlimited possibilities.

What are some key highlights of Comcast's recent activities?

Some key highlights of Comcast's recent activities include the $1 million grant to The Arc, support for Tech Coaching Centers, advocacy for special education, and empowering individuals with disabilities through technology and resources.

Comcast Corp

Nasdaq:CMCSA

CMCSA Rankings

CMCSA Stock Data

144.55B
3.79B
0.7%
87.35%
1.51%
Telecom Services
Cable & Other Pay Television Services
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