Comcast Strengthens Communities as United Way Contributions Exceed $10 Million
Comcast (Nasdaq: CMCSA, CMCSK), the nation's leading provider of cable, entertainment and communications products and services, announced it has completed the most successful United Way campaign in the company's history, with employee participation in 2006 increasing nearly 80 percent over 2005.
One hundred and twenty local United Way organizations received nearly $2.9 million in contributions from Comcast employees, and will receive an additional $1.3 million in grants from the Comcast Foundation in recognition of the generosity of Comcasters across America. In addition to employee and Foundation support, Comcast provided $6.5 million in airtime during 2006 for public service announcements (PSAs) that bring increased awareness and visibility to the United Way mission and salute Comcast employees for their generosity. Comcast is continuing its PSA commitment in 2007.
Hundreds of United Way agencies across the country will use the Comcast contributions to address local needs including helping children and youth succeed, improving access to health care, promoting financial self-sufficiency, and strengthening families.
"By supporting United Way, Comcast employees are helping empower the communities in which they live and work," said David L. Cohen, Executive Vice President for Comcast and Co-Chairman of The Comcast Foundation. "We're very proud of this year's campaign results and look forward to achieving positive results for many years to come through our continued partnership with United Way."
"Thanks to the increasing generosity of Comcast and its employees, United Way can work in communities to solve the most critical problems they face," said Brian Gallagher, United Way of America President and CEO. "Together, United Way and Comcast are improving lives, building stronger communities and ensuring a brighter future."
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 24.2 million cable customers, 12.1 million high-speed Internet customers, and 3.0 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, AZN Television, PBS KIDS Sprout, TV One, four regional Comcast SportsNets and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast 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.
About The Comcast Foundation
The Comcast Foundation was founded by Comcast Corporation in June 1999 and is the company's chief source of charitable support to qualified non-profit organizations. The Foundation primarily invests in programs that work to create a positive, sustainable impact within our communities in the areas of volunteerism; literacy; and youth leadership development. Since its inception, The Comcast Foundation has donated more than $30 million to organizations in the communities where Comcast serves. More information about The Foundation and its programs is available at http://www.comcast.com under "In the Community."
About United Way
United Way is a national network of more than 1,300 locally governed organizations that work to create lasting positive changes in communities and people's lives. Building on more than a century of service as the nation's preeminent community-based fundraiser, United Way engages the community to identify the underlying causes of the most significant local issues, develops strategies and pulls together financial and human resources to address them, and measures the results. United Way of America is the national organization dedicated to leading the United Way movement. While local United Ways tackle issues based on local needs, common focus areas include helping children and youth succeed, improving access to health care, promoting financial stability, and strengthening families. For more information about United Way, please visit: http://www.unitedway.org.