Comcast Corp - CMCSA STOCK NEWS

On November 18, 2020, Comcast held a virtual summit to address the digital divide impacting veterans, announcing donations exceeding $250,000 for digital inclusion in Connecticut, Vermont, and western Massachusetts. The event included a panel discussion with local officials and experts, emphasizing the importance of internet access for veterans facing social isolation and job loss. Comcast pledged four grants of $20,000 each to local organizations, along with $30,000 to one additional group. They also donated 500 laptops and free internet access for six months to support veterans in need.

Comcast has launched an initiative to install over 20 WiFi-connected 'Lift Zones' in the Twin Cities, aiming to provide free internet access for low-income families. This project, developed in partnership with local nonprofits, is designed to support students in distance learning, with the first Lift Zone established at the Sanneh Foundation Distanced Learning Hub. Comcast will offer free WiFi in these locations for three years, along with additional digital skills resources to aid families and site coordinators. This move aligns with Comcast's broader efforts to advance digital equity, serving over 8 million low-income individuals through its Internet Essentials program.

Canoe Ventures has launched the first multi-distributor, linear addressable TV campaign under the On Addressability initiative, a collaboration with Comcast Advertising, Cox Media, and Charter’s Spectrum Reach. This initiative aims to provide a scalable addressable advertising solution to marketers. With over 30 million addressable homes involved, AMC Networks becomes the first national cable network to run multiple ads across various distributors. Canoe is responsible for the execution and service management of these campaigns, marking a significant step toward evolving addressable TV advertising.

Comcast has appointed Rich Jennings as President of Comcast Cable’s West Division, effective immediately. Jennings, with 25 years in the cable industry, previously served as Senior Vice President of Field Operations for the West Division. He will oversee operations across multiple states, succeeding Steve White, who transitions to President, Special Counsel to the CEO. The change aims to enhance service delivery and customer experience. Jennings has a strong history in community service and has been recognized as an influential leader in the cable industry.

Comcast has named Rich Jennings as the new President of its West Division, reporting to CEO Dave Watson. Jennings, a 25-year cable industry veteran with 15 years at Comcast, will oversee operations in several states, succeeding Steve White, who transitions to a role focusing on Diversity, Equity & Inclusion initiatives. Jennings is noted for his previous success in improving service delivery and customer experience. Comcast, listed on Nasdaq under the symbol CMCSA, is a major player in media and technology, providing a range of services across its divisions.

Comcast has launched a new offering called Self Protection, aimed at providing consumers with accessible home monitoring solutions. This service is available to all Xfinity Internet customers and includes features like high-quality security cameras with 24/7 continuous video recording for $10 per month. It allows users to monitor their homes effectively, receiving mobile alerts when activity is detected. The integration within the Xfinity ecosystem allows easy connectivity and management of devices. Customers can also upgrade to a professionally monitored security service at any time.

Comcast has honored NASCAR driver Bubba Wallace as its 2020 Community Champion for his philanthropic efforts through the Live To Be Different Foundation. Wallace's foundation will receive a $60,000 donation to support individuals seeking to fulfill their potential, regardless of race or socio-economic status. Comcast has contributed over $700,000 to various charitable organizations since establishing the award in 2015. Finalists Clay Campbell and Matt Kaulig each receive $30,000 for their local initiatives, showcasing Comcast's commitment to community support.

Comcast expands support for the Washington K-12 Internet Access Program, enabling over 50,000 low-income student households across 75 school districts to access its Internet Essentials service, offering high-speed broadband (25/3 Mbps) for the remainder of the 2020/2021 school year. The initiative has seen 39 additional districts joining since its launch on Oct. 1, adding 15,000 more eligible students. This program is funded by the federal CARES Act, providing vital connectivity for students amid ongoing remote learning.

On October 22, 2020, Coded By Kids launched the OnE Philadelphia initiative with nearly $1 million invested by Bank of America, Comcast NBCUniversal, and the Lenfest Foundation. The initiative aims to enhance diversity and inclusion in tech for communities of color in Philadelphia by offering integrated tech education and skill development. It focuses on creating a supportive ecosystem for high-growth careers and altering perceptions of tech among underrepresented Philadelphians. Bank of America is contributing $10 million from its $1 billion commitment to economic mobility.