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Comcast NBCUniversal Donates $10 Million to Support Los Angeles Wildfire Relief Efforts

1. Comcast NBCUniversal donates $10 million for LA wildfire relief efforts. 2. Funds will support Habitat for Humanity and multiple local organizations. 3. Emergency financial aid also available for impacted employees. 4. CEO expresses support for employees and first responders.

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FAQ

Why Bullish?

This charitable act showcases corporate responsibility, potentially enhancing CMCSA's public image, similar to past initiatives that positively impacted stock performance.

How important is it?

Supporting community initiatives is an important aspect of corporate image, which can influence stock performance in the short term.

Why Short Term?

Immediate relief efforts may foster goodwill, with short-term positive perception affecting investor sentiment. Past donations have led to a temporary boost in share prices.

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Comcast NBCUniversal Donates $10 Million to Support Los Angeles Wildfire Relief Efforts

Donations will help provide short and long-term assistance to employees, communities, and emergency personnel impacted by the fires across the Los Angeles region

LOS ANGELES--()--Comcast NBCUniversal today announced it will donate $10 million in cash to support Los Angeles area wildfire disaster relief and recovery efforts.

To assist local communities and families with rebuilding, Comcast NBCUniversal will provide $2.5 million in funding as an inaugural corporate partner to the Habitat for Humanity of Greater Los Angeles’ ReBUILD LA initiative. In addition, contributions will be made to organizations working on the ground to provide short and long-term assistance including the American Red Cross, Entertainment Industry Foundation SoCal Fire Fund, Los Angeles Fire Department Foundation, Los Angeles Regional Food Bank, YMCA of Metropolitan Los Angeles, among others.

“Our hearts go out to all who have been impacted by these devastating fires, including many in our Comcast NBCUniversal family,” said Brian L. Roberts, Chairman and CEO of Comcast Corporation. “We extend our deep appreciation to the first responders for their tireless and courageous efforts and to our news teams, including NBC4 and KVEA, who are providing vital coverage during this time. We stand ready to support our employees and the broader Los Angeles community as we recover and rebuild from these tragic events.”

Comcast NBCUniversal is also providing emergency financial funds, in addition to health and welfare benefits including access to temporary housing and hotels at discounted rates, to employees who have been affected by the destruction of the wildfires. Through the Comcast NBCUniversal Employee Disaster Assistance Fund, the company is providing grants to team members in need as well as making a special company double match for employee donations made to the fund through the Comcast NBCUniversal Matching Gift Program.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

Contacts

Media:
Joelle Terry
joelle_terry@comcast.com

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