Comcast Corp - CMCSA STOCK NEWS

Fox Corporation has partnered with FreeWheel, a Comcast Company, to introduce programmatic trading of addressable set-top box (STB) Video on Demand (VOD). This innovative collaboration allows advertisers to execute targeted campaigns within Comcast households for FOX content viewed on-demand, enhancing FOX's advertising capabilities that also include Tubi. The Trade Desk is the first demand-side platform to integrate with FOX's VOD inventory. This partnership aims to enhance television advertising by offering new transactional opportunities and increasing demand for premium content.

Comcast announced a $1 billion investment over the next decade to enhance its Internet Essentials program, aimed at closing the digital divide for low-income Americans. The initiative coincides with a 10-year Progress Report revealing that more than 10 million people have connected to home broadband. The funding will support various initiatives, including the Lift Zone program, computer donations, and grants for nonprofits. Comcast estimates this commitment will impact up to 50 million Americans, facilitating over 25 million hours of remote learning in 2021 alone.

Comcast Corporation (NASDAQ: CMCSA) announced that its subsidiary, NBCUniversal Enterprise, will redeem all outstanding Series A Cumulative Preferred Stock on March 26, 2021, for a total payment of $724.7 million. This includes 724,700 shares at a redemption price of $1,000 each, plus any unpaid dividends. After the redemption date, the Preferred Stock will no longer be deemed outstanding, with no further dividends payable. Payment details will be managed by Equiniti Trust Company, NBCUE's redemption agent.

NBCUniversal and the NFL have signed an 11-year extension for NBC Sports to continue airing Sunday Night Football, maintaining its status as primetime's No. 1 show for a decade. The agreement, beginning with the 2023 season, allows NBC and Peacock to stream all SNF games and will include broadcasting four of the next 13 Super Bowls. NBC will also air playoff games and expand its offerings with a virtual NFL channel on Peacock. This long-term deal can be terminated by the NFL on a one-time basis after seven years.

Comcast Corporation will hold a conference call on April 29, 2021, at 8:30 a.m. ET to discuss its first-quarter financial results. A press release detailing the results will be issued earlier that morning. Interested parties can participate by dialing (800) 263-8495 and using the conference ID 5168008. The call will be available for replay after 12:00 p.m. ET on the same day until May 6, 2021. Comcast, listed under the symbol CMCSA, is a leading global media and technology company with over 56 million customer relationships in the U.S. and Europe.

Comcast has opened a new Xfinity Store in Downtown Crossing, Boston, occupying 3,300 square feet. This marks the 25th store in the Greater Boston area, featuring interactive demonstrations of Xfinity services, which include Xfinity X1, Internet, and Comcast Business. The store aims to enhance customer experience for remote workers and learners, employing 14 staff members. The opening symbolizes Downtown Crossing's recovery from the pandemic and strengthens local economic ties. Enhanced safety protocols against COVID-19 are in place to protect customers and employees.

Deep Blue Communications, a company under Comcast Business, has partnered with Island Hospitality Management to enhance Wi-Fi services in 10,623 hotel rooms across 16 hotels in 21 states and the District of Columbia. This partnership aims to streamline operations, reduce costs, and improve guest connectivity. With a consolidated Wi-Fi solution, Island Hospitality can save on maintenance expenses and ensure reliable service, meeting the growing demand for high-speed internet in the hospitality sector. The collaboration is designed to help hotel management focus on guest satisfaction.

Comcast has extended its partnership with Team USA through 2028, becoming a founding partner of the LA28 Olympic and Paralympic Games. CEO Brian L. Roberts emphasized the company's commitment to sharing the inspiring stories of athletes. Comcast will continue to provide essential communication services for Team USA during upcoming Olympics, including Beijing 2022 and Paris 2024. With a legacy in Olympic broadcasting since acquiring NBCUniversal in 2011, Comcast aims to support diversity and inclusion efforts in Los Angeles as it prepares for the first-ever Paralympic Games in the city.

Comcast Advertising has appointed Pooja Midha as its chief growth officer, a newly created position. Midha will oversee global marketing efforts for Comcast Advertising, Effectv, and FreeWheel, aiming to enhance brand offerings and drive growth through innovative advertising strategies. With over 20 years of experience in media and advertising, including a successful tenure at true[X], Midha is expected to provide leadership during a transformative period for the industry. She will report to Comcast Advertising President, Marcien Jenckes.