Comcast Announces Agreements with Four New Minority-Owned Independent Networks Selected Networks Were Proposed By Earvin “Magic” Johnson, Sean “Diddy” Combs, Robert Rodriguez, and Constantino “Said” SchwarzPHILADELPHIA, PA – February 21, 2012 – Comcast Corporation (Nasdaq: CMCSA, CMCSK), one of the world’s leading media, entertainment and communications companies, today announced it has selected four new minority-owned independent networks to be broadly distributed on Comcast Cable systems between April 2012 and January 2014. After a thorough evaluation of more than 100 proposals, Comcast selected four networks – two of which are majority African-American owned and two that are majority American Hispanic owned and operated and programmed in English. "This partnership with Comcast signals an important moment for the Latino community in this country – we are passionate about creating a wildly entertaining destination that we can be proud of by appealing to both Latino and mass market audiences," said Robert Rodriguez and CEO of FactoryMade Ventures John Fogelman. "We engineered El Rey to address a burgeoning opportunity to deliver unique, high-quality and compelling content to a hard-to-reach demographic and are excited to bring more opportunities to generations of talent, storytellers and dreamers through this special partnership.” BabyFirst Americas: Proposed by Spanish language television veteran Constantino “Said” Schwarz, this network is designed for infants, very young children, and their parents, and emphasizes the importance of early development of verbal, math and motor skills. The network has entered into an agreement to launch by April 2012. Comcast made a series of voluntary public interest commitments in connection with the NBCUniversal transaction, one of which is to launch 10 new independently owned and operated networks over the next eight years. Of the 10 networks, four will be majority African-American owned, two will be majority American Latino owned, two will be operated by American Latino programmers, and two will provide additional independent programming. Ultimately, each of the 10 networks will be added on select Comcast systems as part of the digital basic tier of service. Vote On NewsNews You May Also Like
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