PHILADELPHIA, Dec. 12 /PRNewswire-FirstCall/ -- Comcast (NASDAQ:CMCSA) (NASDAQ:CMCSK) , the country's leading provider of cable, entertainment and communications products and services, announced today the creation of Comcast Interactive Media, a new division to develop and grow the company's Internet businesses, including the Comcast.net portal. CIM will build upon Comcast's extensive and unique assets and experience as the country's largest residential broadband service provider to develop compelling online interactive services. CIM will leverage Comcast's advanced broadband network and technology, existing service offerings, extensive content relationships, and its customer and supplier relationships to build innovative new online services. Comcast veteran Amy Banse, who has been serving as Executive Vice President of Content Development, will become President of Comcast Interactive Media, reporting to Comcast Chief Operating Officer Steve Burke, and Samuel Schwartz will join her as Executive Vice President of Strategy and Development.
"Comcast has a great opportunity to capitalize on the Internet's growth as the country's largest broadband and video provider," said Burke. "Amy is the perfect person to lead this initiative because of her track record of evaluating, creating and growing new networks within Comcast."
"We're excited about the opportunities the Internet offers," said Banse. "Consumers are spending more time online and Comcast is well-positioned to take advantage of those trends. Sam has a deep grasp of emerging technologies and I look forward to working with him to create new online services."
Previously at Comcast, Banse has been responsible for much of the growth of Comcast's content business, having overseen the development and launch of G4, TV One, and PBS Kids Sprout, and the acquisition of Comcast's majority stake in E! Entertainment, The Golf Channel, and OLN. Banse started her career as a lawyer and joined Comcast in 1991. She holds degrees from Harvard University and from the Beasley School of Law at Temple University.
Schwartz has been serving as President of Comcast Interactive Capital and he will continue to advise on and approve CIC investments. As President he has evaluated, structured and managed Comcast's Internet-related venture investments and counseled Comcast on identifying new and emerging interactive technologies. Prior to joining Comcast in 1998, he held several other venture capital and strategic consulting positions. Schwartz holds an MBA from The Wharton School of the University of Pennsylvania, and a BS in Engineering from the University of Pennsylvania's School of Engineering & Applied Science.
Comcast Corporation (NASDAQ:CMCSA) (NASDAQ:CMCSK) (www.comcast.com) is the nation's leading provider of cable, entertainment and communications products and services. With 21.4 million cable customers, 8.1 million high-speed Internet customers, and 1.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable networks and in the delivery of programming content.
The Company's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, OLN, G4, AZN Television, PBS KIDS Sprout, TV One and four regional Comcast SportsNets. The Company also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia. Comcast Class A common stock and Class A Special common stock trade on The NASDAQ Stock Market under the symbols CMCSA and CMCSK, respectively.
Source: Comcast Corporation
Web site: http://www.comcast.com