Comcast Corp Stock Price, News & Analysis

Comcast is enhancing access to affordable internet in New Jersey by assisting eligible customers with signing up for the Affordable Connectivity Program (ACP) at 20 Xfinity Store locations. The ACP offers low-income households a monthly credit of up to $30 for internet services. Comcast's Internet Essentials Plus can effectively provide free broadband for qualifying customers after the ACP benefit. Since its launch, Internet Essentials has connected over 10 million low-income individuals nationwide, with 276,000 in New Jersey alone. Comcast's initiatives aim to bridge the digital divide and promote digital equity.

Comcast has appointed Toni Murphy as the new Senior Vice President of Sales & Marketing at its Central Division in Atlanta, Georgia. Murphy will oversee sales, marketing, brand management, and customer retention strategies across 12 states. With over 15 years of experience at Comcast and previous roles in private equity and investment banking, she aims to enhance Comcast's capacity to connect with its customers. Her appointment is expected to strengthen the company’s market presence significantly.

A recent CIO study by Masergy reveals a growing demand for integrated Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions among IT leaders, driven by hybrid work models. Key findings from over 200 senior IT leaders indicate that 91% prioritize data security, 90% network reliability, and 89% integration as critical for successful deployments. The study highlights a marked rise in UCaaS adoption, with 47% of organizations implementing it, up from 40% in 2020. The report emphasizes the need for holistic solutions that combine communications, connectivity, and cybersecurity.

Comcast NBCUniversal announced a donation of $2 million to assist relief efforts in Florida following Hurricane Ian. This includes $1 million in cash to the Florida Disaster Fund and contributions to several organizations such as United Way and the American Red Cross. Local Comcast crews are actively repairing network damages, while the company has opened over 200,000 Xfinity WiFi hotspots for public use. Comcast aims to support its employees and strengthen the community through ongoing disaster assistance initiatives.

FreeWheel and Comscore have announced a partnership enhancing Connected TV (CTV) contextual targeting on the Beeswax platform. This integration allows advertisers to utilize Comscore's Predictive Audiences and CTV brand protection tools, aimed at improving impression identification and viewer targeting while ensuring privacy. This development, prompted by a 21% rise in contextual advertising investments, leverages Comscore's extensive data and technology. FreeWheel aims to continuously optimize CTV buying solutions for its users, ensuring relevance and brand safety in a fragmented video ecosystem.

Comcast Corporation (NASDAQ: CMCSA) will hold a conference call to discuss its third-quarter financial results on October 27, 2022, at 8:30 a.m. ET. A press release detailing the results will be issued earlier that morning. The call will be accessible live on the company's Investor Relations website. Interested parties can participate by dialing 929-477-0338 with the passcode 876679. A replay will be available starting at 11:30 a.m. ET on the same day. Comcast is a global media and technology company focused on connectivity, with a customer base of 57 million.

Comcast announces it will distribute $1 million in grants to 100 small businesses owned by women and people of color in Broward and Miami-Dade Counties as part of its Comcast RISE program. The application period runs from October 3-16. This initiative brings the program's total investment to $2 million in South Florida. Since its launch, Comcast RISE has awarded $21 million in grants nationwide, supporting diverse business ownership.

Comcast has partnered with Samsung to enhance 5G connectivity for its Xfinity Mobile and Comcast Business Mobile customers across the U.S. Samsung will supply 5G Radio Access Network (RAN) solutions, utilizing Citizens Broadband Radio Service (CBRS) and 600MHz spectrum. The collaboration aims to deliver superior coverage and speeds, leveraging Comcast’s existing infrastructure without the need for additional cell sites. The companies are currently conducting field trials of the new 5G solution to expand service availability.

Monumental Sports & Entertainment (MSE) has officially completed the acquisition of NBCUniversal's 67% stake in NBC Sports Washington from Comcast Corporation. MSE previously owned 33% of the regional sports network, giving it full control. NBC Sports Washington is the local TV rights holder for games of the Washington Wizards and Capitals. NBCUniversal will continue to provide operational support for 18 months following the acquisition. The network will retain its current name through the 2022-23 season, with a rebranding planned for 2023-24.