Comcast Corporation and the Hispanic Association on Corporate Responsibility (HACR) today announced a comprehensive, multi-year partnership in which HACR will support Comcast's continuing outreach efforts to effectively engage the Hispanic community in the company's business operations and assist Comcast with further strengthening its relationships with the Hispanic community.
Comcast's ongoing diversity commitment has four major areas of focus: workforce diversity, supplier diversity, programming, and community investment. Comcast formed this partnership with HACR, a coalition of 14 prominent national Hispanic organizations, to help achieve continued growth and success in each of these areas. HACR will help ensure that all facets of Comcast's diversity outreach are fully communicated to and understood by interested Hispanic audiences.
"We are very excited to begin this partnership with HACR because of their demonstrated track record of helping companies advance their outreach efforts," said Comcast Executive Vice President David L. Cohen. "HACR will be a tremendous resource for Comcast as we continue to expand our diversity initiatives, and we look forward to benefiting from their guidance. Diversity is a philosophy and a practice at Comcast, and this agreement is consistent with our commitment to serve the Hispanic community as an entertainment provider, an employer, and a business and community partner."
"We recognize Comcast's commitment and efforts to diversity and the Latino community, and we commend them for approaching HACR to help expand their relationship with the Hispanic community," said Alma Morales Riojas, Chairwoman of the HACR Board of Directors and President and CEO of MANA, A National Latina Organization. "Comcast is one of the leading providers of entertainment and communications services for Hispanics, and we are pleased to offer our resources to them to promote Latino outreach and inclusion throughout their company."
"Comcast is a terrific community partner in my district in Southern California, and an important company in the daily lives of Latinos nationwide," said Rep. Xavier Becerra (CA-31). "Through their outreach efforts and their partnerships with leaders like HACR, Comcast is building a stronger relationship with the Latino community."
Today Comcast employs 7,000 Hispanic employees and last year awarded $150 million in contracts to Hispanic-owned companies. Comcast was recently named one of the Top 40 Companies for Hispanics for 2005 by Hispanic Business Magazine for the company's overall commitment to the Hispanic market. Last December, Comcast was named one of America's Top 50 corporations for multicultural business opportunities by DiversityBusiness.com.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (http://www.comcast.com) is the nation's leading provider of cable, entertainment and communications products and services. With 21.5 million cable customers, 7.7 million high-speed Internet customers, and 1.2 million voice customers, Comcast is principally
involved in the development, management and operation of broadband cable networks and in the delivery of programming content.
The Company's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, OLN, G4, AZN Television, PBS KIDS Sprout, TV One and four regional Comcast SportsNets. The Company also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia. Comcast Class A common stock and Class A Special common stock trade on The NASDAQ Stock Market under the symbols CMCSA and CMCSK, respectively.
Founded in 1986 as a coalition of 14 prominent national Hispanic organizations, the Hispanic Association on Corporate Responsibility is a nonprofit, 501 (c) 3 organization, headquartered in Washington, D.C. HACR's mission is to ensure the inclusion of Hispanics in corporate America at a level commensurate with their economic contributions. HACR focuses on four areas of corporate responsibility and market reciprocity. They are: Employment, Procurement, Philanthropy, and Governance.
In pursuit of its mission, HACR offers corporate America direct access to the Hispanic community -- its talent, entrepreneurs, and leadership -- creating a forum to ensure corporate responsibility and market reciprocity for the nation's Hispanic population.