Comcast Cable Accepting Proposals for Two New Hispanic American Owned Independent Networks
PHILADELPHIA–(BUSINESS WIRE)–Comcast
Cable today announced the company is now accepting proposals for two
substantially Hispanic American owned, independent English-language
networks that it will launch in select Comcast markets by January 28,
2017.
Today’s announcement is part of the company’s commitment to launch 10
independently owned and operated networks as part of a series of public
interest commitments made by Comcast in connection with the NBCUniversal
transaction completed in 2011. Of the 10 networks, all of which are to
launch by 2019, four will be majority African American owned, two will
be operated by Hispanic American programmers, two will be substantially
Hispanic American owned, and two will be independent. These criteria
were established based on several agreements Comcast entered into with
leading diversity organizations in 2010. Since then, five independent
networks have already successfully launched, including ASPiRE, BabyFirst
Americas, BBC World News, El Rey, and REVOLT.
“We are committed to delivering programming that reflects the interests
of our customers and are eager to review many innovative network
proposals with the potential to bring new and exciting content to our
customers,” said Greg Rigdon, Executive Vice President, Content
Acquisition for Comcast Cable.
Criteria for selecting the next two substantially Hispanic American
owned networks that Comcast will launch include: the content of the
network; whether the network is fully financed; whether the network’s
ownership and/or management group(s) are well established, have relevant
experience, and are substantially owned by Hispanic Americans; whether
the network is already launched and has existing MVPD distribution;
price; and whether the network and its potential carriage provide value
to Comcast and its customers. Comcast will accept proposals for every
major genre, including general entertainment, movies, music, kids, news,
and sports.
Applicants may visit http://corporate.comcast.com/diverseprogramming
to submit a proposal and learn about the terms and conditions. Proposals
are due by October 9, 2015, and the two networks will be selected in the
coming months.
About Comcast Corporation:
Comcast Corporation (Nasdaq: CMCSA,
CMCSK)
is a global media and technology company with two primary businesses,
Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s
largest video, high-speed Internet and phone providers to residential
customers under the XFINITY brand and also provides these services to
businesses. NBCUniversal operates news, entertainment and sports cable
networks, the NBC and Telemundo broadcast networks, television
production operations, television station groups, Universal Pictures and
Universal Parks and Resorts. Visit www.comcastcorporation.com
for more information.
Contacts
Comcast Corporation
John Demming, 215-286-8011
John_Demming@comcast.com
or
Jenni
Moyer, 215-286-3311
Jenni_Moyer@comcast.com
