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NEWS
July 23, 2016
A story Thursday on Comcast's coverage of the Olympics gave an incorrect number for the event-specific voice commands on the X1 remote control device. There are 1,500. A story Thursday on the purchase of four local radio stations incorrectly described debt payments by iHeartMedia, the nation's largest radio group. The company has not missed any payments.
BUSINESS
July 21, 2016 | By Bob Fernandez, Staff Writer
A major reshuffling of executives at Comcast Corp. has led to the exit of Cathy Avgiris as cable division chief financial officer and the appointment of a leader for a new Comcast Mobile unit, fueling speculation that the company will soon be launching its own wireless service. The executive changes were effective last week and announced as Comcast executives prepare 2017 budgets, a company spokeswoman said Tuesday. Greg Butz, a veteran Comcast sales executive, was just appointed head of Comcast Mobile, reporting to cable division boss Neil Smit.
BUSINESS
July 14, 2016 | By Bob Fernandez, Staff Writer
Twenty-five miles of new fiber. That's the high-speed wiring that Comcast Corp. has wrapped around the Wells Fargo Center for the Super Bowl-class media event of live video streaming and selfies at the Democratic National Convention later this month in South Philadelphia. Comcast announced Tuesday - no surprise here - that it will be the official "broadband and telecommunications provider" for the political event that will likely nominate Hillary Clinton as the Democratic presidential candidate.
BUSINESS
July 8, 2016 | By Jonathan Takiff, Staff Writer
How big a bet is Comcast placing on smart-home gadgets and monitoring services, on the whole Internet of Things/connected-home revolution? Enough so that Comcast's Xfinity Home division is introducing its own line of smart-home products. And the company recently agreed to purchase the iControl Converge software platform and engineering talent pool. iControl powers the home-security and automation platform for Xfinity Home, as well as IoT services for other cable companies (Cox, Rogers, Time Warner, and Bright House)
BUSINESS
July 7, 2016 | By Jonathan Takiff, Staff Writer
Later this year, Comcast Xfinity cable television and internet customers will no longer need to leave their cable TV home page and switch television set inputs to get Netflix, the most popular of "over the top" streaming services. Netflix films and TV shows will be just a click away on the X1 cable guide. And if the engineers work their magic fully, a voice request to an X1 remote to "find me movies with Liam Neeson" will bring up options from Netflix as well as from the Comcast universe of live and on-demand content.
BUSINESS
June 28, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Comcast Corp. Kenneth J. Bacon , director, sold 2,500 shares at $62.82 on June 16, and now directly holds 14,100 shares. Dorman Products Inc. Michael Kealey , officer, sold 2,710 shares at $54.28 on June 15, and now directly holds 3,252 shares.
NEWS
June 25, 2016 | By Robert Moran, Staff Writer
Barbara Cohen, 85, the mother of Comcast Corp. executive David L. Cohen, died late Thursday afternoon, June 23, at her home in Highland Park, N.J. Mrs. Cohen was diagnosed in March with brain cancer, her son said Thursday night from his childhood home. "She was outspoken. I came by my bluntness and candor genetically," said Cohen, who served as chief of staff for former Mayor Ed Rendell. "She was very direct and straightforward," said daughter Nancy, also describing her as principled and resilient.
BUSINESS
June 14, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. CSS Industries Inc. Elam M. Hitchner III , director, bought 1,000 shares at $26.91 to $27.10 on June 1, and now directly holds 1,000 shares. Rebecca C. Matthias , director, bought 8,721 shares at $26.98 on June 1, and now directly holds 46,721 shares.
BUSINESS
June 11, 2016 | By Bob Fernandez, Staff Writer
Responding to years of complaints over customer service and billing practices by cable and satellite-TV companies, the U.S. Senate Permanent Subcommittee is poised to release its findings from a year-long probe into the industry, Sen. Claire McCaskill (D., Mo.) and Sen. Rob Portman (R., Ohio) announced on Thursday. The subcommittee - which also has investigated human trafficking and a U.S.-funded counternarcotics program in Afghanistan - subpoenaed documents from pay-TV companies and solicited comments on customer experiences.
BUSINESS
June 7, 2016 | By Joseph N. DiStefano, Staff Writer
In their recent strike, more than 30,000 union workers at Verizon say they won higher pay and limits on "outsourcing" of sales and tech support to cheap faraway call centers. Does that put Verizon at a disadvantage with its Philadelphia-based phone-internet-video rival, Comcast? That company typically "builds union" in Philadelphia, and 250 full-time Comcast workers in its hometown are represented by IBEW Local 98, says union president John Dougherty. But Comcast, unlike other big utilities, also relies on nonunion outside contractors to deal with customers.
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