Comcast Begins Effort to Launch Ten New Independent Networks

    0
    13
    Logo
    April 4, 2011 14:00 UTC

    Comcast Begins Effort to Launch Ten New Independent Networks

    Hispanic and African American Owned or Operated Channels to
    Highlight First Round of New Additions

    PHILADELPHIA–(BUSINESS WIRE)–
    Comcast Corporation (Nasdaq: CMCSA, CMCSK) today announced that it is
    taking the first steps to launch ten new independent channels over the
    next eight years, including eight that are Hispanic and African American
    owned or operated.

    “Comcast is committed to providing opportunities for diverse businesses
    to expand and grow,” said David Jensen, Vice President of Content
    Acquisition for Comcast. “We look forward to considering a number of
    fresh and viable programming proposals from Hispanic and African
    American programmers to create new channels that will complement the
    robust lineup of programming choices we already offer our customers.”

    Of the ten new channels scheduled to be added, Comcast is now accepting
    proposals for the first three. One of the channels, which Comcast
    intends to launch by July 28, 2012, will be American Latino operated and
    programmed in English. The other two will be majority African American
    owned and will launch by January 28, 2013. Ultimately, each of the ten
    networks will be added on select Comcast systems as part of the D1
    digital tier.

    The commitment to launch ten new independently owned and operated
    networks over the next eight years is one of a series of public interest
    commitments made by Comcast in connection with the NBCUniversal
    transaction completed earlier this year. Of the ten channels, four will
    be majority African American owned, two will be majority Hispanic owned
    and two will be operated by American Latino programmers. These criteria
    were established based on several agreements Comcast entered into with
    leading diversity organizations.

    In addition, Comcast recently announced it was expanding carriage of
    Mnet, the only 24/7 English-language nationwide television network in
    the U.S. targeting Asian Americans and fans of Asian pop culture,
    satisfying a commitment in its agreement with leaders of the Asian
    American community.

    Those who are interested in learning about the terms and conditions of
    the channel submissions may visit www.comcast.com/diversityproposal.
    Proposals are due by May 31, 2011.

    About Comcast Corporation

    Comcast Corporation (Nasdaq: CMCSA, CMCSK) (www.comcast.com)
    is one of the world’s leading media, entertainment and communications
    companies. Comcast is principally involved in the operation of cable
    systems through Comcast Cable and in the development, production and
    distribution of entertainment, news, sports and other content for global
    audiences through NBCUniversal. Comcast Cable is one of the nation’s
    largest video, high-speed Internet and phone providers to residential
    and business customers. Comcast is the majority owner and manager of
    NBCUniversal, which owns and operates entertainment and news cable
    networks, the NBC and Telemundo broadcast networks, local television
    station groups, television production operations, a major motion picture
    company and theme parks.

    Contacts

    Comcast Corporation
    John Demming, 215-286-8011
    John_Demming@Comcast.com

    Source: Comcast Corporation