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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.
Comcast NBCUniversal has announced an extended partnership with 2Gether-International (2GI), a nonprofit supporting entrepreneurs with disabilities, by granting $1.5 million to support 2GI's initiatives through 2025. The funding will help disabled startup founders with resources to lead in their industries and aims to recruit more individuals with intellectual and developmental disabilities.
This grant is part of Comcast's Project UP, a $1 billion initiative to advance economic mobility and connect people to the internet. The partnership has already led to increased program enrollment and community involvement at 2GI. 2GI's programs include a 10-week accelerator for early-stage tech startups, an apprenticeship program for aspiring founders and executives, and the first-ever VC fund for startup founders with disabilities.
Since 2GI's first accelerator in 2019, over 80 startups have participated, collectively raising about $70 million from investments, revenue, and acquisitions.
Comcast has released its 2024 Impact Report, detailing its achievements and initiatives aimed at fostering digital equity, diversity, and sustainability. Notable efforts include Project UP, a $1 billion initiative to close the digital divide, and the awarding of over $25 million to community organizations supporting digital skills programs. The company has launched several programs, including $13.6 million in grants for Digital Navigators and $125 million to support underrepresented small businesses through Comcast RISE. Environmental initiatives highlighted include a 30% reduction in emissions since 2019 and a goal to double network energy efficiency by 2030. Comcast also promotes volunteerism with over 25,000 employee volunteers contributing over 220,000 hours. Additionally, the company is creating a more inclusive retail experience by piloting American Sign Language in Greater Philadelphia Xfinity stores.
Per Scholas, a national tech training nonprofit, has launched a new campus in Kansas City, in partnership with Great Jobs KC. This initiative aims to address the regional demand for skilled IT professionals. The Kansas City campus offers no-cost IT training at Offices at Park 39 and is supported by Comcast NBCUniversal, Cortex, Missouri Tech First Initiative, and the NFL Foundation. The 13-week program includes comprehensive training for CompTIA A+ and Google IT Support certifications. The program targets diverse learners, enhancing their career prospects in the tech industry. Applications are now open.
Comcast has rescheduled the conference call to discuss its second-quarter 2024 financial results. The new time is set for 8:30 a.m. Eastern Time (ET) on Tuesday, July 23, 2024. A press release with the financial results will be issued earlier that morning. The live broadcast of the conference call will be available on Comcast's Investor Relations website. A replay will be accessible starting at 11:30 a.m. ET on the same day. Interested parties can subscribe to Email Alerts for automatic updates on Comcast's financial news.
Comcast announced the activation of a new $8 million high-speed Internet network in Citrus County, Florida, providing reliable connectivity to thousands of homes and businesses in Inverness, Hernando, Floral City, and Beverly Hills. This investment allows residents to access Internet speeds of up to 1.2 Gbps and businesses up to 100 Gbps, positioning Comcast as a leading service provider in the area. The infrastructure rollout includes the introduction of advanced services such as the Xfinity Gateway and Storm-Ready WiFi, alongside Comcast Business solutions offering secure networking and cybersecurity. Additionally, Comcast continues to support affordable Internet initiatives through its Internet Essentials program.
Comcast Business announced a 5-Year Price Lock Guarantee for new Business Internet and cybersecurity customers. This offer, available from June 24, 2024, to August 21, 2024, applies to customers subscribing to Comcast Business Internet Advanced (800 Mbps), Gigabit Extra (1.25 Gbps), and 2 Gigabit tiers with Comcast Business SecurityEdge™ and a 1-year term agreement. The guarantee allows new customers to lock in their monthly service charges for five years, excluding equipment, taxes, and fees. This initiative aims to provide financial stability, reliability, and security for businesses. Eileen Diskin, Comcast Business's Chief Marketing Officer, highlighted the benefits of the offer, emphasizing the combination of reliable gig speeds, security, and fixed pricing.
Comcast NBCUniversal is celebrating Pride Month 2024 with various initiatives to support and highlight LGBTQ+ communities. Throughout the month, Xfinity's LGBTQ+ Film & TV destination will premiere new features, including curated content collections and customizable themes based on community flags. RuPaul's Drag Race All Stars will serve as guest editors, and premium LGBTQ+ networks will be unlocked weekly. Comcast Newsmakers will spotlight LGBTQ+ leaders, while NBCUniversal's 'Pride Is Universal' campaign will honor diverse identities. Additionally, Comcast is advancing digital equity through partnerships with LGBT Tech and local organizations, providing digital career resources, healthcare services, and mental health support. Employees will participate in Pride parades and events, including a national Pride Summit.
Comcast Business has entered into a strategic agreement with Starlink, the leader in Low Earth Orbit (LEO) satellite technology, to enhance its Managed Connectivity portfolio. This collaboration aims to deliver reliable connectivity solutions, especially for enterprises in underserved regions. By integrating Starlink's advanced satellite capabilities, Comcast Business seeks to address the unique connectivity challenges faced by companies with geographically dispersed locations. This partnership is designed to improve network redundancy and scalability, leveraging Starlink's vast satellite constellation to offer high-speed internet supporting various business applications.
Comcast and the U.S. Conference of Mayors (USCM) announced the winners of the Talent for Tomorrow: Digital Equity Challenge. The program awards $1.5 million to ten cities to support local workforce programs and close the digital skills gap.
Small cities Kinston, NC; Michigan City, IN; White Plains, NY; and York, PA will each receive $75,000. Medium-sized cities Cleveland, OH; Little Rock, AR; and Richmond, VA will each receive $150,000. Large cities Charlotte, NC; Los Angeles, CA; and Portland, OR will each receive $250,000.
The grants aim to grow digital training programs, focusing on under-resourced communities. The initiative is part of Comcast's Project UP and supports economic mobility and digital literacy.
Program highlights include digital literacy curriculums, augmented and virtual reality training, and career readiness activities.
The winners were selected by an independent panel of judges.
FreeWheel announced a new suite of programmatic capabilities for live streaming events, including the Olympic and Paralympic Games Paris 2024. The enhancements address key challenges in ad delivery during high-traffic events, such as minimizing latency and scaling server capacity. FreeWheel aims to increase advertiser diversity and provide a more personalized ad experience. Additionally, FreeWheel released a report on live TV trends and opportunities for advertisers, emphasizing the growing demand for live content and its impact on viewer engagement and community-building.
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