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BUSINESS
May 13, 2015 | By Bob Fernandez, Inquirer Staff Writer
Comcast Corp. has hired Michael J. Cavanagh - a top Wall Street executive and former protégé of JPMorgan Chase & Co. CEO Jamie Dimon - as its chief financial officer and senior executive vice president. Cavanagh, 49, quit JPMorgan, one of the largest U.S. banks based on assets, in early 2014 as part of an exodus of top executives after heightened regulatory scrutiny of Dimon and the bank. Over the last year, Cavanagh has served as copresident and co-chief operating officer of the private equity firm Carlyle Group, which manages $193 billion in assets globally.
BUSINESS
May 7, 2015 | By Jonathan Takiff, Inquirer Staff Writer
Comcast showed its kinder, gentler nature with two product introductions Tuesday at the INTX 2015 Internet and cable trade show - one content-based, the other a hardware refinement. Kids Zone, newly launched on X1 boxes, aims to be Mom and Dad's best helper. Combining ratings and reviews from Common Sense Media with filtering fine-tuned to your child (or children's) age range and development level, the Kids Zone menu sorts and reveals only movies and TV shows that are appropriate and nourishing for the young ones.
NEWS
May 7, 2015 | By Stephan Salisbury, Inquirer Staff Writer
Legendary Philadelphia songwriter and producer Kenneth Gamble, and Comcast cofounder Ralph Roberts and his wife, talk show host Suzanne Roberts, will be honored Wednesday evening with the 2014 Philadelphia Award at a National Constitution Center ceremony. The award, one of the city's highest civic honors, was established in 1921 by Ladies' Home Journal editor Edward W. Bok to acknowledge and encourage community service. In recent years, it has been given to a broad range of Philadelphians, from Philadanco's Joan Myers Brown to philanthropists John and Leigh Middleton.
NEWS
May 7, 2015 | By Bob Fernandez, Inquirer Staff Writer
CHICAGO - Comcast's unhappy customers finally have gotten through to the nation's largest cable television company. Comcast Corp. said Tuesday that it would hire 5,500 additional customer-service workers in the United States and hundreds of new service technicians, as part of a broad plan to improve its poorly rated service operations. The company has been bashed nationwide by cable and Internet subscribers as unresponsive and rude. CEO Brian Roberts told reporters that the customer backlash had served as a "rallying cry to rethink how we do business.
BUSINESS
May 6, 2015 | By Bob Fernandez, Inquirer Staff Writer
Believing its stock is undervalued after the collapsed bid for Time Warner Cable Inc., Comcast Corp. has added $2.5 billion to its share-buyback program in 2015 - for a total projected buyback this year of $6.75 billion - and CEO Brian Roberts says the Philadelphia company's focus will be to run its existing cable, Internet, and entertainment businesses. "We firmly believe the stock is undervalued," Comcast's chief financial officer, Michael Angelakis, told Wall Street analysts during a conference call Monday on the cable giant's first-quarter earnings.
BUSINESS
May 6, 2015 | By Jonathan Takiff, Inquirer Columnist
The DIY streaming-video apps Meerkat and Periscope have generated lots of buzz in tech and entertainment land the last few weeks, for reasons good and bad. Jimmy Fallon and Ellen DeGeneres have invited fans to watch backstage shenanigans using those services, all sent and received on mobile phones. On Monday, Comcast joined these game-changers with a make-'n'-send-your-own video variation called Share, announced at the INTX 2015 Internet and cable-trade expo in Chicago. What's different about this "Designed in Philadelphia" technology?
BUSINESS
May 4, 2015 | By Jeff Gelles, Inquirer Columnist
Bills that jump inexplicably. Technical problems. Customer-service nightmares. Nobody mentioned getting a statement addressed with an unprintable epithet - this winter's now-legendary Comcast customer-service fail. But other all-too-familiar frustrations were again on display last week as dozens of Philadelphians spoke at public sessions scheduled to flesh out a statistically focused "needs assessment" for the city's four cable-TV franchises, all held by the hometown cable and Internet giant and due to expire this year.
NEWS
May 2, 2015
ISSUE | COMCAST Community pillar As Philadelphia officials consider a new franchise agreement with Comcast for cable service in the city, some of the many positive impacts Comcast has on our great city are worth noting ("Comcast's disconnect," April 28). A Philadelphia business for more than 50 years, Comcast is the lone Fortune 50 company based here and has contributed $13 billion in operations and related activity to Philadelphia in the past five years. It employs 8,000 people and plans to add another 2,800 permanent jobs once the Comcast Innovation and Technology Center is completed.
NEWS
May 2, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
Lawrence S. Smith, 67, of Worcester Township and Jupiter, Fla., an executive who helped build Comcast Corp. from a small regional company into an industry leader in cable television, died Tuesday, April 28, at the Hospital of the University of Pennsylvania of complications from aplastic anemia. "Larry was unique and a role model for everyone on how to enjoy all that life offers," said Brian Roberts, the company's chairman and CEO. "His time on Earth seems way too short, and we are so saddened today.
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