Comcast Corp (CMCSA.O) Key Developments |
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Comcast Corp (CMCSA.O)

CMCSA.O on Nasdaq

24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Comcast Corp - U.S. arrests 3 men over hacking scheme targeting 60 mln people - Reuters
Tuesday, 15 Dec 2015 12:23pm EST 

Comcast Corp:Three men were arrested on Monday for engaging in a wide-ranging hacking and spamming scheme that targeted personal information of 60 million people including Comcast customers, U.S. prosecutors announced Tuesday - RTRS.Timothy Livingston, 30, Tomasz Chmielarz, 32, and Devin McArthur, 27, were named in an indictment filed in federal court in Newark, New Jersey that charged them with conspiracy to commit fraud and related activity among other offenses. - RTRS.Prosecutors said Livingston, a Boca Raton, Florida, resident, was the leader of a series of computer hacking and illegal spamming schemes that targeted multiple companies and generated illegal profits exceeding $2 million - RTRS.The three men were arrested at their respective residences on Tuesday morning, a spokesman for U.S. Attorney Paul Fishman in New Jersey said - RTRS.The company was not identified by name in court papers. But McArthur's LinkedIn page says he worked at Comcast Corp CMCSA.O during the period in question. A Comcast spokeswoman had no immediate comment. - RTRS.Livingston and Chmielarz also compromised tens of thousands of peoples' email accounts, including customers of a New York telecommunications company, which they then used to send spam, the indictment said. - RTRS.  Full Article

U.S. probing Comcast Corp's role in 'spot' cable ad sales market - Reuters
Tuesday, 24 Nov 2015 03:23pm EST 

Comcast Corp:The U.S. Department of Justice is investigating whether Comcast Corp, the biggest U.S. cable TV provider, is hindering competition in cable advertising sales, a source told Reuters - RTRS.The department's Antitrust Division has sent documents known as civil investigative demands to video distribution companies with questions about whether Comcast was seeking to dominate the "spot" cable ad sales business in areas where Comcast offers service, said the source - RTRS.The probe was first reported by the Wall Street Journal.The issue was raised in the fight over whether Comcast would be allowed to buy Time Warner Cable, a deal that eventually fell apart because of antitrust concerns - RTRS.At that time, Viamedia, an independent spot ad seller, estimated the spot cable advertising market was worth $5.4 billion nationally - RTRS.Viamedia said then that Comcast, in addition to being a cable company, dominated so-called Interconnects in many areas and used them to exclude Viamedia and other independents from some markets - RTRS.These Interconnects are used by local advertisers, like car dealers, to buy ad time on cable stations - RTRS.  Full Article

Comcast Corp says it's not to blame after 200,000 user accounts were put up for sale online - Washington Post - Reuters
Monday, 9 Nov 2015 03:11pm EST 

Comcast Corp:Comcast will reset the passwords of roughly 200,000 customers after their account information wound up for sale on a shadowy Web site, the company said Monday - Washington Post.The package of personal data, including the e-mail addresses and passwords of Comcast customers, was listed for sale for $1,000 on a Dark Web site that was also marketing a number of other questionable goods - Washington Post.The Dark Web is a collection of sites that are publicly accessible but cannot found by search engines. Usually Dark Web users need specialized software or instructions to visit a specific Web address - Washington Post.Comcast said it was not hacked and that its systems and apps were not compromised - Washington Post.The company blamed the incident instead on unsuspecting customers who may have visited malware-laden sites or fallen victim to other schemes that allowed hackers to obtain their data - Washington Post.To prove the list was legitimate, the seller on the Dark Web site exposed the information of a few dozen customer accounts, and offered to sell 100,000 of them for $300 - Washington Post.As many as 590,000 accounts were put up for sale for $1,000. But only a third of the entries were actually up-to-date and therefore at risk, Comcast said. The others appear to be old or fake information - Washington Post.  Full Article

Comcast Corp declares quarterly dividend
Tuesday, 27 Oct 2015 07:05am EDT 

Comcast Corp:Declared a quarterly dividend of $0.25 a share on the company's common stock.Payable on January 27, 2016 to shareholders of record date as of January 6, 2016.  Full Article

Comcast Corp reaches $33 mln settlement with California over privacy violations - Reuters
Wednesday, 16 Sep 2015 08:00pm EDT 

Comcast Corp:Comcast Corp has reached a $33 million settlement with California over allegations that the cable company posted personal details of customers online, state Attorney General Kamala Harris said in a statement on Thursday - Reuters.As part of the agreement with the California Department of Justice and the California Public Utilities Commission, Comcast must pay $25 million in penalties and investigative costs to the to the two departments, the statement said - Reuters.Comcast will also pay about $8 million in additional restitution to customers whose numbers were improperly disclosed - Reuters.The departments alleged that Comcast had posted names, phone numbers and addresses of "tens of thousands" of customers who had paid for unlisted voice over internet protocol (VOIP) phone service - Reuters.Comcast will refund all fees paid for unlisted service to about 75,000 customers whose information was disclosed over a two-year period. The company will also pay each of these customers an additional $100, the statement said - Reuters.As part of the judgment filed in the Alameda Superior Court, Comcast has agreed to a permanent injunction that requires it strengthen restrictions placed on its vendors' use of personal information about customers, the statement said - Reuters.The settlement also provides for further monetary relief to individuals who have identified personal safety concerns related to the disclosure of their personal information - Reuters.  Full Article

Comcast Corp declares quarterly dividend
Thursday, 23 Jul 2015 02:55pm EDT 

Comcast Corp:Declared a quarterly dividend of $0.25 a share on the company's common stock.Payable on Oct. 28 to shareholders of record as of the close of business on Oct. 7.  Full Article

Comcast Corp declares quarterly dividend
Thursday, 21 May 2015 01:58pm EDT 

Comcast Corp:Declares quarterly dividend of $0.25 a share.Payable on July 22, to shareholders of record as of the close of business on July 1.  Full Article

Comcast Corp names Michael J. Cavanagh Chief Financial Officer
Monday, 11 May 2015 09:00am EDT 

Comcast Corp:Has named Michael J. Cavanagh Senior Executive Vice President and Chief Financial Officer of the company.  Full Article

Comcast Corp/Time Warner Cable/Charter transactions terminated
Friday, 24 Apr 2015 08:31am EDT 

Comcast Corp:Says its merger agreement with Time Warner Cable and its transactions agreement with Charter Communications, Inc. have been terminated.  Full Article

Comcast Corp declares dividend and increases stock repurchase program authorization
Tuesday, 24 Feb 2015 07:00am EST 

Comcast Corp:Increases dividend by 11.1 pct to $1 per share on an annualized basis.Declares quarterly cash dividend of $0.25 a share on common stock.Payable on April 22 to shareholders of record date as on April 1.Says increases its stock repurchase program authorization to $10 bln.Says at this time, it plans to repurchase $4.25 bln during 2015.  Full Article

BRIEF-Comcast signed an agreement to acquire Icontrol Networks

* Signed an agreement to acquire Austin, Texas-based company Icontrol Networks Inc