Comcast Named One of America's Top 50 Corporations for Multicultural Business Opportunities
Comcast Corporation (Nasdaq: CMCSA, CMCSK) was named one of America's Top 50 corporations for multicultural business opportunities in 2005 by DiversityBusiness.com, the largest organization of women and minority-owned businesses throughout the United States with more than 30,000 members. In 2005, Comcast spent more than 10% of its total spend with diverse suppliers.
Also known as the Div50, the honor recognizes the top 50 corporate buyers of diversity products and services throughout the country. Over 525,000 women and minority-owned businesses (Blacks, Hispanics, Asians, Native Indian and other minority groups) had the opportunity to vote in the 2005 online election based on such factors as the volume, consistency and quality of business opportunities granted to women and minority-owned companies.
"It is an honor to be recognized for our commitment to diversity by the people with whom we conduct business on an ongoing basis," said Comcast Executive Vice President David L. Cohen. "We are proud to be recognized for a second consecutive year for both the quantity and the quality of business that we award to our diverse suppliers. We believe strongly in providing equal opportunity to qualified suppliers."
Comcast's supplier diversity program includes a nationwide training program, which educates diverse suppliers on how to establish a business relationship with Comcast. In addition, the company encourages larger suppliers to either partner with a vendor of diversity or to spend with vendors of diversity themselves. Comcast also facilitates partnerships between vendors when a relationship may be beneficial for all parties involved.
For more information about the Div50, or for a complete list of winners, visit http://www.diversitybusiness.com/Resources/DivLists/2005/.
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 21.4 million cable customers, 8.1 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.
Launched in 1999, DiversityBusiness.com with over 30,000 members is the largest organization of diversity-owned businesses throughout the United States that provide goods and services to Fortune 1000 companies, government agencies and colleges and universities. DiversityBusiness.com performs research on diversity businesses for such leading publications as Forbes, Fortune magazine and numerous other media outlets. The site has gained national recognition and has won numerous awards for its content and design. DiversityBusiness.com facilitates contacts and communication, streamlines business processes and provides vital business news and information. DiversityBusiness.com is produced by Computer Consulting Associates International Inc. (http://CCAii.com) of Southport, CT. Founded in 1980, CCAii is one of the country's most successful computer-consulting and diversity specialist firms.