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

Blair Levin
  • Blair Levin

What Policies Matter to Telco’s Success: Supply Side or Demand Side? ...

T CEO John Stankey recently said that “I’ve never seen federal policy this supportive of market-based investment in advanced networks.” That statement raises multiple interesting investor related questions about what does, and does not, support investment in advanced networks, including the relative importance of those policies that drive supply and those that drive demand, and how government is treating advanced networks versus networks that have lower cost structures but also involve lower pe...

Vikash Harlalka
  • Vikash Harlalka

CMCSA: The value unlock trade? Nope. No major change in fundamentals

We shared our view of Comcast’s results this morning. Results were in line and commentary on the business fundamentals were mostly unchanged. In this note following the earnings call and our follow-up conversations, we address the following key investor issues including 1) the big picture value unlock theory; 2) the newly (apparently) amended VZ MVNO agreement; 3) broadband ARPU growth; 4) Connectivity EBITDA growth; 5) 2026 capital spend; 6) wireless net adds, and 7) 2026 FCF.

Vikash Harlalka
  • Vikash Harlalka

CMCSA 4Q25 Quick Take: Results mostly in line; Waiting to hear what’s ...

Comcast’s results were mostly in line with estimates. Broadband losses and ARPU were in line. On the call, we would be keen to hear about subscriber trends in 1Q. We don’t expect any major changes to the stock price based on these results. What will drive the stock today is commentary on 1Q broadband trends and potential ‘value unlock’ from an NBCU spin.

Blair Levin
  • Blair Levin

Can CMCSA Buy CHTR After the Cox Deal is Done?

With the CHTR/Cox deal moving towards approval and CMCSA out of running for WBD, we are again getting questions as to whether CMCSA could buy the combined CHTR/Cox entity. Further, as our New Street colleagues discussed yesterday, there has been a divergence in the stock price performances of Comcast and Charter driven by a potential ‘value unlock’ resulting from a potential split of Comcast cable from NBCU. It is beyond the scope of our expertise to analyze the financial details that could jus...

Vikash Harlalka
  • Vikash Harlalka

CMCSA: Potential Value Unlock?

Investors have been asking about the diverging stock price performance between Comcast and Charter. We believe the reason is an expanding conversation about the potential ‘value unlock’ that could emerge were Comcast to split its cable and NBCU businesses. In this note, we estimate what Comcast could be worth were this scenario to play out. To be clear, we are skeptical. Not that it shouldn’t happen, but rather the Roberts’ are too invested in their belief about the synergy between these entitie...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch