CMCSA Comcast Corporation Class A

The Roberts Family Donates $5 Million For Laptops to Help Philadelphia Students Start Online Classes by Mid-April

The Fund for the School District of Philadelphia announced today it has received a $5 million contribution from Aileen and Brian Roberts, and their family, to give laptops to Philadelphia students so they can begin learning from home by mid-April.

This press release features multimedia. View the full release here:

Aileen and Brian Roberts Visiting Philadelphia Students in 2017 (Photo: Comcast Corporation)

Aileen and Brian Roberts Visiting Philadelphia Students in 2017 (Photo: Comcast Corporation)

According to a 2019 School District survey, only about half of third-through-12th-grade students have the equipment they need to begin participating in online lessons. This gift from the Roberts’ will support the purchase of 50,000 Chromebooks which will help level the playing field and ensure that all students who attend the 220 District-led public schools across Philadelphia have the tools they need to learn at home.

“We’re living in an unprecedented time and COVID-19 is presenting our society with new challenges every day,” said Aileen and Brian Roberts. “When we heard that many Philadelphia students weren’t going to be able to learn from home without laptops, we quickly decided we wanted to help and provide these teachers, parents and students with the technology they need to begin learning online within just a few weeks. In good times or bad, now all of our Philadelphia students will have access to technology to help them succeed.”

The 50,000 new laptops will be distributed along with the estimated 40,000 laptops already in school buildings to students and families. Once the equipment is received at the School District headquarters, it will be dispensed between April 13 and 17. During the interim two weeks, the laptops will be prepared for the students and the Philadelphia School District teachers will be trained to support distance learning.

"The generous gift from Aileen and Brian Roberts and their family will help to transform the learning experience for thousands of Philadelphia's public school students who will now be able to access online educational resources from home," said Superintendent William R. Hite, Jr., Ed.D. "Our public schools belong to all of us and this is a great example of what's possible when we work together to improve educational supports for all of our young people. I am grateful for their generosity."

"The Fund is delighted to be the recipient of this most generous gift,” said Donna Frisby Greenwood, President & CEO for The School District of Philadelphia. “We will do our part to implement this much needed and appreciated gift."

Students and their families who don’t already have internet access can get it through any Internet Service Provider (ISP) in Philadelphia. Comcast is currently offering low-income families who don’t already have internet service two free months through Internet Essentials, which is the nation’s largest and most comprehensive high-speed internet adoption program.

The Fund for the School District of Philadelphia identifies, coordinates and connects philanthropic resources to level the playing field in local public schools. The Fund's partnership with the School District of Philadelphia seeks to promote equity, safety, and improved performance.

Brian Roberts is Chairman & CEO of Comcast Corporation (Nasdaq: CMCSA). He lives in Philadelphia with his wife, Aileen. They have three children.

EN
27/03/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Comcast Corporation Class A

Jonathan Chaplin
  • Jonathan Chaplin

Comcast Post-1Q25 Model Update

What’s new: In this note, we cover changes to our estimates, and comparisons with guidance and consensus. Please see separate notes reviewing results and thoughts following the earnings call. The most significant changes are higher broadband losses and lower EBITDA in 2025. We expect Consensus to increase broadband losses as well as lower EBITDA. No change to thesis. Price target is $38 (+15%).

Jonathan Chaplin
  • Jonathan Chaplin

CMCSA: Quick thoughts following the call 1Q25

What’s new: in this note we cover the source of the pressure Comcast is seeing on broadband growth (market vs competition), we cover the potential causes of slower market growth, we cover the causes of competitive pressures and the impact of recent pricing changes, and we touch on implications for ARPU and EBITDA growth.

Jonathan Chaplin
  • Jonathan Chaplin

CMCSA 1Q25 Quick Take

What’s new: Revenue in-line. EBITDA beat expectations handily, due mostly to better results in C&E. C&P revenue and EBITDA was in-line, with weak subscriber trends and slightly better than expected ARPU.

Blair Levin
  • Blair Levin

In Good News for CMSCA, DIS (and Robocallers and Pirate Radio, Among O...

What’s New: The Fifth Circuit overturned the FCC’s 2020 and 2024 decisions to impose a $57 million fine against T for actions related to improper use customer data. Based on a recent Supreme Court decision, the appellate court ruled that the FCC actions violate T’s Seventh Amendment right to a jury trial, likely upending broader FCC enforcement efforts. In this note we analyze the impact of the Court’s decision on our coverage universe generally and well as specifically to some of the companie...

Jonathan Chaplin
  • Jonathan Chaplin

CMCSA: Free Wireless Line for All Broadband Customers

What’s new: Wepublished a brief note yesterday on the rising competitive intensity in Wireless following T-Mobile’s launch of new plans. Later in the day, Comcast launched a new Wireless plan and new free-line promotions too. We cover Comcast’s new offers and the implications for the Company and the group in this brief note.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch