Comcast Corp - CMCSA STOCK NEWS

Comcast has completed a rural broadband expansion project in Stafford County, Virginia, as part of a public-private partnership initiated by the American Rescue Plan and supported by Virginia's Telecommunications Initiative (VATI). The project, which was announced in early 2022, connected nearly 700 additional homes with Comcast's Xfinity network. U.S. Treasury Secretary Janet Yellen and local officials joined Comcast for the project tour. Comcast is investing $1 billion through Project UP to deliver digital skills and connectivity, including $39 million for nonprofits in Virginia. Comcast aims to expand its network to over one million homes and businesses nationwide this year.

AudienceXpress, the Comcast-owned ad buying platform, has appointed Scott Collins as Head of U.S. Commercial Sales and Operations. Collins, an industry veteran with extensive experience in advertising media sales and ad tech, will oversee U.S. advertising sales, business operations, and inventory optimization. Reporting to Katy Loria, U.S. CRO of FreeWheel, Collins brings a wealth of knowledge from his previous roles at Blockgraph, AMC Networks, and NBCUniversal. This strategic addition aims to strengthen AudienceXpress's ability to connect advertisers with audiences across 60 million U.S. households.

Fox (Nasdaq: FOXA) has expanded its partnership with FreeWheel to enhance its dynamic ad insertion capabilities for College Football broadcasts on FOX. This collaboration will see FreeWheel serve as the primary monetization engine for Tubi and the entire One FOX portfolio, integrating with FOX's AdRise to streamline access to premium video ad inventory. This move aims to offer advertisers more targeted, contextually rich ad opportunities in live sports. FreeWheel's technology, including Beeswax, will create a unified pool of premium video ad inventory, making it more accessible to marketers.

Xfinity Rewards announces the return of its 'Summer of Movies' campaign, offering exclusive perks, discounts, and unique experiences to members. The campaign starts with a free movie, Harry Potter & the Sorcerer’s Stone, and includes $1 movie rentals, BOGO Fandango movie tickets for Despicable Me 4 from June 21 to July 7, and special ticket offers for Universal Orlando’s theme parks. Members can also enter the Ultimate Movie Night Sweepstakes to win a 50" smart TV and other entertainment gadgets. Xfinity Rewards is available to all Xfinity customers, who receive status-based perks depending on their membership tenure. For full details, visit Xfinity’s rewards page.

Comcast NBCUniversal has granted $1 million to The Arc of the United States to enhance its data infrastructure, digital literacy programs, and Spanish-language advocacy resources for people with intellectual and developmental disabilities (IDD). This two-year grant under Project UP aims to modernize data collection and analysis across nearly 600 chapters, improving service delivery and advocacy. Additionally, it supports translating educational resources into Spanish and expanding tech training to caregivers and family members. The grant will benefit chapters in Arizona, Colorado, Florida, Texas, and Virginia, impacting over 150 Spanish-speaking families and 2,500 individuals with IDD.

Comcast will host a conference call on July 23, 2024, at 7:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter of 2024.

The company will release its Q2 earnings report earlier that morning. The call will be broadcast live on Comcast’s Investor Relations website, with a replay available from 10:30 a.m. ET the same day.

Interested parties can subscribe to email alerts on Comcast's Investor Relations website to receive financial news automatically.

Comcast (Nasdaq: CMCSA) announced the preliminary results of its 2024 Annual Meeting of Shareholders. Key decisions include the election of all nominated directors for one-year terms and the ratification of Deloitte & Touche LLP as independent auditors for 2024. Additionally, shareholders approved the executive compensation package. However, a proposal to report on political expenditures misalignment with company values was rejected. Final voting outcomes will be documented with the SEC on a Form 8-K within four business days.

Comcast marked Global Accessibility Awareness Day (GAAD) 2024 by emphasizing its commitment to digital inclusion for all. The company highlighted its efforts to make connectivity and entertainment more accessible, particularly for those with disabilities. Through innovations like eye-tracking technology for Xfinity services, voice control, and the Large Button Voice Remote, Comcast is enhancing user experiences. Partnerships with organizations like The Arc and the implementation of ASL Video Remote Interpreting services in select retail stores further underscore this commitment. Comcast also hosted discussions with disability advocates to promote understanding and allyship within the company.

Comcast Technology Solutions (CTS) has introduced new capabilities in its DataBee platform to enhance threat monitoring and zero trust compliance. DataBee EntityViews, powered by a patent-pending entity resolution technology, offers automated detection chaining to improve threat hunting and insider risk monitoring. Enhanced ZTNA and SSE compliance dashboards accelerate zero trust architecture deployment and provide better performance insights. DataBee connects various security sources and business insights, delivering higher security alert fidelity. These advancements will be showcased at AWS re:Inforce from June 10-12 in Philadelphia, where DataBee is a Gold sponsor.