Comcast Corp - CMCSA STOCK NEWS

Comcast has awarded $150,000 in grants to four Pittsburgh-based non-profit organizations as part of its Project UP, a $1 billion commitment to advance digital equity. The recipients are the African American Chamber of Commerce of Western Pennsylvania, Neighborhood Allies, STEM Coding Lab, and Veterans Leadership Program of Western Pennsylvania. These grants will support various initiatives, including digital skills workshops, educational events for small businesses, computer science education for K-8 students, and digital literacy programs for veterans.

In addition to the grants, Comcast has installed 176 free WiFi-connected Lift Zones in Pennsylvania, part of over 1,250 nationwide. The company is also expanding its Xfinity network in Allegheny and Butler Counties, potentially reaching 11,000 additional homes and businesses. Comcast has also received funding from Pennsylvania to connect underserved communities in Beaver, Indiana, and Westmoreland Counties.

Comcast Technology Solutions' DataBee™ has introduced BeeKeeper AI™, a generative AI-powered chatbot designed to address the challenge of finding and validating asset owners. This new tool aims to eliminate IT operations, security, and compliance gaps while freeing up valuable staff time. BeeKeeper AI is now part of DataBee for Security Hygiene, which operates on the DataBee Hive™ security, risk, and compliance data fabric platform.

The chatbot uses Comcast's patent-pending entity resolution technology to automatically reach out to predicted users via Microsoft Teams, verifying asset information and ownership. This process helps organizations close security vulnerabilities and compliance gaps associated with unknown or orphaned assets. BeeKeeper AI will be available for Private Preview with Microsoft Teams in early August 2024, with general availability expected in September as part of the DataBee Hive suite.

Diamond Sports Group and Comcast have reached a carriage agreement for the distribution of Diamond's 15 regional sports networks (RSNs) to Xfinity TV customers. Starting August 1, 2024, subscribers to Comcast's Xfinity Ultimate TV package in Bally Sports markets will gain access to live, local MLB, NBA, and NHL games and related content on Diamond's RSN channels. Customers will also be able to stream content through the Bally Sports app using their Xfinity credentials.

This agreement follows Diamond's previously announced distribution deals with Charter Communications, DIRECTV, Cox Communications, and Fubo. Diamond Sports is now focused on finalizing agreements with the NHL and NBA to complete its restructuring efforts and present a reorganization plan to the Court.

Comcast (CMCSA) has appointed Lance West as Executive Vice President of Federal Government Affairs and Head of the Washington, DC office. West will lead the company's legislative and regulatory initiatives, reporting to Tom Reid, Chief Legal Officer. His role includes overseeing advocacy strategy, managing key relationships, and representing Comcast's leadership in Washington.

West brings significant experience from his previous roles as Vice President of Federal Government Relations at The American Petroleum Institute and Chief of Staff to Senator Joe Manchin. He was instrumental in passing landmark legislation such as the Infrastructure Investment and Jobs Act and the Inflation Reduction Act of 2022.

Tom Reid praised West's exceptional leadership experience and broad understanding of the regulatory landscape. West expressed excitement about joining Comcast and advancing the company's vision. He will begin his new role on September 3, 2024.

A new National Skills Coalition survey reveals strong public support for digital skills training and its economic impact. 73% of respondents believe expanding digital skills is important for economic improvement, while 82% support increased funding for such training. The survey also found that 69% of voters are more likely to support political candidates who champion digital skills investments.

Comcast, through its Project UP initiative, is committed to advancing digital equity and supporting workforce development. The company emphasizes the importance of digital skills in various industries and the role of training programs in creating economic opportunities. The survey highlights consistent support across demographic segments, with 90% of respondents believing digital skills will remain important throughout their careers.

Comcast Business has been recognized as a Leader in Managed SD-WAN Services and SDN Transformation Services by Information Services Group (ISG) in its 2024 ISG Provider Lens™ report. This marks the third consecutive year Comcast Business has received this distinction. The report evaluates 40 providers across four quadrants, including Managed SD-WAN, SDN Transformation Services, Edge Technologies, and SASE.

Comcast Business offers fully secure, managed SD-WAN services with tailored customer-centric co-management options. Their solutions can scale to meet the needs of businesses of all sizes in both single- and multi-tenant environments. This recognition underscores Comcast Business's position as a global partner for advanced connectivity and secure networking.

Comcast and Boys & Girls Clubs of Southeastern Michigan are collaborating to bring the excitement of the Olympic Games Paris 2024 to over 200 children in Detroit. The event includes a Field Day with various sports activities and an Opening Ceremony watch party at the Dick and Sandy Dauch Campus. Detroit City Council members will participate in refereeing and timing events.

Participants will receive medals and laptops donated by Comcast as part of Project UP, a $1 billion commitment to advance digital equity. The initiative aligns with BGCSM's mission to empower youth through sports programming and life skills development. Comcast, an official partner of Team USA through 2028, aims to inspire the next generation and unlock future possibilities for Detroit's youth.

Xfinity's short film 'The Aviators', directed by Oscar-winner Kathryn Bigelow, brings together four Vietnam-era military pilots in their 70s for a unique reunion. The film, part of Xfinity's newest advertising campaign, features Jim Lloyd, Jack Gillett, Bill Moir, and Elester Latham as they reconnect and share stories around a poker table.

Three of the veterans served in the same Navy squadron during the Vietnam War, while Latham, a retired Air Force pilot, also served as a Marine. The project not only showcases their camaraderie but also pays tribute to a generation of aviators who shaped history. Academy Award winners Hans Zimmer, Greig Fraser, and Paul N.J. Ottoson also collaborated on the film, adding to its prestige.

Comcast has unveiled Passport to Paris, an innovative interactive experience for Xfinity customers during the 2024 Paris Olympic and Paralympic Games. This 'watch to unlock' feature rewards Xfinity Rewards members with digital passport stamps for watching live Olympic coverage on NBCUniversal networks and Peacock. Customers can earn more rewards through quizzes and polls, with the first 20,000 participants receiving a -edition Olympic Games pin and stamp.

The experience, accessible through the Olympics hub on Xfinity X1, aims to enhance viewer engagement and set the stage for future developments in e-commerce and blockchain-enabled collecting. Comcast is also rolling out other features for the Olympics, including enhanced 4K and interactive athlete experiences, as part of its strategy to evolve home entertainment and capture opportunities in live sports.