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Thursday, August 20, 2009

"Comcast Corp. spent nearly $3.3 million in the second quarter to lobby Congress on executive pay, sports programming and other issues," Associated Press reports here.

"The nation's largest cable operator lobbied on the Excessive Pay Capped Deduction Act of 2009... Comcast CEO Brian Roberts' pay has been a sore point among shareholders... Last year, Roberts received $24.7 million in compensation" by AP's count.

"In the April-June period, Comcast also lobbied on cable's carriage of sports programming such as the NFL Network, Big Ten Network and Mid-Atlantic Sports Network. Comcast has had tussles with sports networks over whether, and where, to carry them. Comcast also lobbied on cable ownership limits, broadband provisions of the economic stimulus, and unionization of employees," said AP, citing quarterly lobbying reports filed with Congress.

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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com