Welcome to our dedicated page for Comcast news (Ticker: CMCSA), a resource for investors and traders seeking the latest updates and insights on Comcast stock.
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 has announced 500 new recipients for its Comcast RISE program, bringing the total number of supported small businesses to 14,000 nationwide. The program, now in its fourth year, has provided over $140 million in monetary, marketing, and technology grants to empower small businesses. In 2024, 500 small businesses in Atlanta, Houston, Jacksonville, Richmond, VA, and southern Colorado will receive comprehensive grant packages.
Each package includes business consultation services, educational resources, a $5,000 monetary grant, creative production, media schedule, and a technology makeover. Comcast RISE, created in November 2020 to help businesses affected by COVID-19, has evolved to focus on economic growth and community investment. The program is part of Comcast's Project UP, a $1 billion commitment to advance digital equity.
FreeWheel has launched the Performance Suite for its demand-side platform, Beeswax, offering advanced solutions for CTV performance marketing. The suite addresses challenges in signal loss and identity representation, enabling more precise targeting, optimization, and measurement through the FreeWheel Identity Network. Key features include:
1. Accurate household-level targeting and measurement
2. Machine learning-based optimization models
3. Transparent measurement and reporting options
A notable success story includes Optimal Media achieving 40% more conversions and a 32% decrease in cost-per-acquisition for a national automotive manufacturer using the CPA bidding strategy.
Comcast (NASDAQ: CMCSA) partnered with Boyce L. Ansley School in Atlanta to host an Olympic-themed event for students aged 5-11. The event featured a watch party for the Olympic Games Closing Ceremony, field day activities, and a surprise appearance by Harry the Hawk. Comcast donated laptops to each student, supporting digital equity and education as part of its Project UP initiative, a $1 billion commitment to advance digital equity nationwide.
The event showcased Comcast's Olympics viewing experience through Peacock and Xfinity X1. Comcast is an official partner of Team USA through 2028, and NBC is the exclusive U.S. broadcaster of the Olympic and Paralympic Games Paris 2024. The collaboration highlights Comcast's commitment to community involvement and bridging the digital divide.
Comcast NBCUniversal is honoring the American flag through Operation Old Glory, an initiative where Flag Ambassadors replace worn or damaged flags for free. Team USA athletes Dennis Connors and Grant Holloway have joined the effort, highlighting the connection between military service and athletic achievement. Connors, a U.S. Paralympian and Marine Corps veteran, and Holloway, an Olympic Silver Medalist from a military family, participated in flag replacement events in Oregon and Florida respectively.
The initiative is expanding to new communities in Washington and storm-affected areas in Texas. Comcast ensures all flags are American-made and supplied by a veteran-owned business. The company also provides free access to Olympic Games coverage for service members and veterans through a partnership with the Army & Air Force Exchange Service.
Comcast (Nasdaq: CMCSA) has announced that its Chief Financial Officer, Jason Armstrong, will participate in Citi's 2024 Global TMT Conference on Thursday, September 5, 2024. The event will be live-streamed on Comcast's Investor Relations website at 8:20 A.M. Eastern Time.
Investors and interested parties can access the live webcast at www.cmcsa.com. An on-demand replay will be made available shortly after the presentation concludes. For those wishing to receive automatic updates on Comcast financial news, the company encourages subscribing to E-mail Alerts through their website.
Comcast (Nasdaq: CMCSA) has announced that Donna Langley, Chairman of NBCUniversal Studio Group & Chief Content Officer, will participate in the BofA Securities 2024 Media, Communications & Entertainment Conference on Thursday, September 5, 2024. The event will be live-streamed on Comcast's Investor Relations website at www.cmcsa.com starting at 1:10 P.M. Eastern Time.
An on-demand replay of the presentation will be made available shortly after its conclusion. Investors and interested parties can subscribe to Comcast's E-mail Alerts on the company website to receive automatic financial news updates.
Comcast NBCUniversal and the Army & Air Force Exchange Service are partnering to provide free streaming access to NBCUniversal's full coverage of the 2024 Paris Olympic Games for service members and honorably discharged Veterans worldwide. The coverage includes over 5,000 hours of content across all 39 sports and 329 medal events, available through ShopMyExchange.com from July 26 to Aug. 11. Service members can access the coverage via NBCOlympics.com or the NBC Sports App, choosing the Exchange as their service provider. An active ShopMyExchange.com account is required, and OCONUS viewers must be on-installation with authorized internet service providers.
Comcast has submitted 91 applications for the second round of the Massachusetts Broadband Infrastructure Gap Networks Grant Program, administered by the Massachusetts Broadband Institute (MBI). If awarded, these applications aim to connect remaining homes and businesses in 91 communities to Comcast's Xfinity network, offering gig speeds and reliable service.
Comcast has invested $909 million over the last three years in Massachusetts to expand and maintain its network. The company has already completed five broadband expansion projects with MBI, connecting over 3,000 homes and businesses since 2018. Comcast has received 140 letters of support from local communities for these applications.
In addition to network expansion, Comcast has provided $54.8 million in charitable contributions to 238 nonprofits across Massachusetts and installed 76 Lift Zones offering free WiFi service to community centers.
Comcast has announced the premiere of the award-winning documentary 'Wade in the Water: A Journey into Black Surfing and Aquatic Culture' on its Black Experience on Xfinity channel and the Xumo Play free streaming app. Directed by David Mesfin, the film explores the 1,000-year-old tradition of Black surfing, challenging conventional surf culture stereotypes. The documentary aims to inspire a new generation of Black surfers and promote diversity in aquatic sports.
The release on Black Experience on Xfinity, launched in 2021, aligns with Comcast's goal of showcasing diverse talent and content creators. The channel, available on Xfinity X1, Flex, and the Xfinity Stream app, offers a wide range of Black entertainment, movies, TV shows, and news at no additional cost to Xfinity customers.
Comcast has announced a $35 million commitment to support hundreds of community organizations in 2024, aiming to train the 'Team of Tomorrow' by expanding access to opportunities, technology, and digital skills. This initiative aligns with the excitement of the Olympic and Paralympic Games Paris 2024, running from July 26 to September 28.
The investment is part of Project UP, Comcast's comprehensive effort to advance economic mobility. It addresses the digital skills gap highlighted by the National Skills Coalition, which reports that 92% of jobs require digital skills, yet nearly one-third of U.S. workers lack basic digital proficiency.
Comcast's funding supports various nonprofit partners, including Jobs For the Future, Per Scholas, 2Gether-International, BUILD.org, Wide Angle Youth Media, and NBCU Academy. These organizations focus on research, digital skills training, entrepreneurship, and creativity, aiming to bridge the skills and opportunity gap for generations to come.
FAQ
What is the current stock price of Comcast (CMCSA)?
What is the market cap of Comcast (CMCSA)?
What is Comcast Corporation known for?
What are some of Comcast's key acquisitions?
What recent initiative did Comcast announce with The Arc of the United States?
How does Comcast support the IDD community?
What impact does Comcast's $1 million grant to The Arc have?
What is Comcast's vision for digital equity?
How does Comcast collaborate with The Arc of the United States?
What is the significance of Comcast's partnership with The Arc?
How does Comcast contribute to social impact and corporate responsibility?
What are some key highlights of Comcast's recent activities?
