Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Michael J. Cavanagh serves as Chief Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Hes an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth., Cavanagh cited the companys exceptional businesses with world-class executives, naming Sky CEO Dana Strong, Comcast Cable chief Dave Watson and NBCU chief executive Jeff Shell. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. With the promotion, Cavanagh will work closely with Comcast chairman and CEO Brian L. Roberts to manage the corporation's businesses and teams across the company. There are 18 older and 3 younger executives at Comcast Corp. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Michael J. Cavanagh serves as President Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. The Hollywood Reporter is a part of Penske Media Corporation. The Brian Roberts-led Comcast. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Said Jamie Dimon, chairman and CEO of JPMorgan Chase: Mike Cavanagh is an outstanding executive and leader what I call an elite business athlete who led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis. Discovery fell 60 percent since the combined firm started trading, Netflix dropped 50 percent, Disney fell 44 percent the media and cable conglomerate fell 31 percent over the course of 2022. Michael Cavanagh, the chief financial officer of Comcast who was recently given the added title of president, has inked a new multi-year deal with the company. Mr. Cavanagh owns over 53,400 units of Comcast Corp stock worth over $3,615,711 and over the last 10 years he sold CMCSA stock worth over $4,083,951. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Super Mario Bros. 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PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. He was the Co-CEO of JPMorgan Chase & Co.'s Corporate & Investment Bank from 2012 to 2014, a business that was a global leader in its industry with over $30 billion in revenue and more than 50,000 employees located in over 50 countries. 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Hes an outstanding partner, and together we are focused on continuing to create new and exciting opportunities for growth., Said Cavanagh: Its an honor to work with Brian to lead this great company. All Rights Reserved. Its an honor to work with Brian to lead this great company, Cavanagh added. According to a filing with the Securities & Exchange Commission, the deal calls for Cavanagh to receive an annual base salary of $2.5 million, effective March 1, 2023. Prior to joining our company, Mr. Cavanagh had been Co-President and Co-Chief Operating Officer for The Carlyle Group, a global investment firm, since 2014. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. 2023 The Hollywood Reporter, LLC. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Michael J. Cavanagh serves as Chief Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. You can change your choices at any time by visiting your privacy controls. Net Worth in 2022. He'll only be the third executive to hold that title in the company's 59-year history, Comcast noted, and will also remain chief . It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. Mike Cavanagh | Comcast. The global economy also faces a potential recession. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the business and teams across the sprawling company. Michael Cavanagh Age : 56 Public asset : 12,244,461 USD Country of residence : Unknown Linked companies : Comcast Corporation Biography of Michael Cavanagh Presently, Michael J. Cavanagh holds the position of Chief Financial Officer for Comcast Corp. In addition, at JPMorgan Chase and its predecessor firms, Mike held various key positions that were critical to the companys success, including CEO of the firms Treasury & Securities Services division, Head of Strategy and Planning, and Chief Operating Officer of Middle Market Banking. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Cindy Ord/Getty Images Entertainment. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. Mike will be only the third President in the companys 59-year history. October 12, 2022. in News. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Variety is a part of Penske Media Corporation. With this promotion, Mike will work closely with Chairman and. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Learn More on Michael J. Cavanagh's salary. . The most recent stock trade was executed by Jason Armstrong on 14 February 2023, trading 9,726 units of CMCSA stock currently worth $361,515. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. All Rights Reserved. Information on this page was last updated on 2/21/2023. Enter your email address below to get our daily insider buying and selling report. Mike joined Comcast seven years ago as Chief Financial Officer. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. BREAKING: Tiny biotech successfully treats blindness. October 12, 2022. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Comcast Corporation (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Comcast Corporation Promotes Mike Cavanagh to President. Movies. Variety and the Flying V logos are trademarks of Variety Media, LLC. 2023 Variety Media, LLC. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Learn More on Michael J. Cavanagh's contact information. from the University of Chicago. Comcast, the biggest publicly traded company based in Philadelphia with about 8,000 employees downtown, faces new competition in its bread-and-butter broadband business with wireless competitors offering 5G wireless internet to homes. Mike joined Comcast in 2015 after spending more than 20 years in the financial services Michael J. Cavanagh, President and Chief Financial Officer, Comcast Corporation corporate.comcast.com June 2016. edit data. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. from Yale and a J.D. And we are both very focused on continuing to innovate and grow this wonderful company for all our employees, customers and guests., Sign up for THR news straight to your inbox every day. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. He is the first executive outside the Roberts family to hold the title. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Mike Cavanagh - @cjetnut. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Eat steak, play golf, be happy! Learn More on Michael J. Cavanagh's contact information. Mike came to Comcast after more than 20 years in the financial services industry. Mike Cavanagh has been Comcast's chief financial officer since 2015. Mike Cavanagh, one of the nation's top banking executives at JPMorgan Chase and now Comcast Corp.'s new chief financial officer, says the Philadelphia company's biggest "enemy" is complacency, hoping that consumer trends won't change and that Comcast remains the big cable company. Immediately prior to joining Comcast, he briefly served as co-president and co-chief operating officer of The Carlyle Group, a leading global alternative asset manager.. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. "With his leadership, the company has expanded its reach significantly in the U.S. and. I look forward to working together to shape the bright future of Comcast.. Mike earned a B.A. . He also served as JPMorgan Chases CFO for six years and held a number of positions within the company and its predecessor firms including CEO of the firms Treasury & Securities Services division. In promoting the exec, Comcast described his new role as working closely with CEO Roberts to manage the businesses and teams across the company. Cavanagh additionally sits on the board of directors at software firm HealthVerity and is on the membership roster of the Council on Foreign Relations. Michael Cavanagh Work Experience and Education. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. On Friday, Comcast released its executive compensation figures, showing the company's chief, Brian Roberts, received $36.2 million, and the new chief financial officer, Michael J. Cavanagh,. Mike joined the company seven years ago . He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Salary in 2022. Public Records. Cavanagh will remain on as CFO, and with this promotion, he will also work closely with Comcast's Chairman and CEO Brian Roberts to manage the . Two other adult children, left home eventually, complete the extended menagerie. Insiders at Comcast own 1.1% of the company. Comcast Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. He is also a member of the firm's Operating Committee and Executive Committee. Member Since. Comcast chief financial officer Mike Cavanagh said the conglom was "pleased" with the weekend PVOD debut of Pete Davidson-starrer The King Of Staten Island - its latest film to go direc As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Learn More on Michael J. Cavanagh's trading history. Mr. Cavanagh was appointed a successor trustee in 2020. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. For best results: use the most recent version of your browser, disable your browser's 'zoom text only' setting, and use your browser's default font size settings. It looks like you're trying to zoom in on this page. With this promotion, Mike will work closely with chairman and CEO Brian L. Roberts to manage the businesses and teams across the company, it said. Comcast Corporation Oct. 12 announced that Mike Cavanagh has been named president of the media giant, to work closely with chairman/CEO Brian Roberts to manage the businesses and teams across the company. Overnight on Wall Street is daytime in Asia. New Comcast CFO says company must avoid complacency [from 2015], wireless competitors offering 5G wireless internet to homes, California residents do not sell my data request. from the University of Chicago. TV Shows. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. The Sky segment provides operations of Sky, one of Europe's entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. Learn More about insider trades at Comcast. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. 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Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Prior to Roberts becoming president in 1990, the title had been held by his father, Comcast founder Ralph Roberts, who was also chairman and CEO. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Mike earned a B.A. C-SPAN, an acronym for Cable-Satellite Public Affairs Network, is an American cable television network that offers coverage of federal government proceedings and other public affairs programming via its three television channels (C-SPAN, C-SPAN2 and C-SPAN3), one radio station and a group of. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. News Wire Feed Light Reading 10/12/2022. He was Co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014, a global leader in its industry with over $30 billion in revenue at the time and more than 60,000 employees located in nearly 100 countries. Comcast shares closed at $28.69 Wednesday, up 0.03%. Cavanagh was raised on Long Island in an Irish-Catholic family. Markets never sleep, and neither does Bloomberg. "With his leadership, the company has expanded its reach significantly in the U.S. and. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. Mike Cavanaugh. Mike came to Comcast after more than 20 years in the financial services industry. He was previously co-CEO of JPMorgan Chases corporate & investment bank from 2012 to 2014, focusing on investment banking, cash management, investor services and the largest global markets and trading business in the world. He also served as JPMorgan Chases CFO for six years, helping steer the company to successfully navigate the financial crisis., In addition, at JPMorgan Chase and its predecessor firms, he held various key positions that were critical to the companys success, including CEO of the firms Treasury & Securities Services division, head of strategy and planning, and chief operating officer of Middle Market Banking, Comcast said. Mike will be only the third President in the company's 59-year history. https://oneofitslegs.org. Bloomberg Daybreak Asia. from Yale University and a J.D. Mike has a broad range of responsibilities, including managing the businesses and teams across the company, overseeing all financial functions, corporate development, strategic planning, and corporate administration. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. Brands, Inc. As the Chief Financial Officer and Senior Executive Vice President of Comcast Corp, the total compensation of Michael Cavanagh at Comcast Corp is $26,799,500. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. In the last twelve months, insiders at the cable giant sold shares 8 times. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Comcast CFO Mike Cavanagh will take on the additional role of president. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. Awesome wife and daughter. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Click Manage settings for more information and to manage your choices. Prior to this, he served as the Co-President and Co-Chief Operating Officer of Carlyle Group Management L.l.c., until May 8, 2015. from Yale University and a J.D. Cavanagh has been finance chief of the media and technology company for the last seven years. Comcast has upped its Deputy Chief Financial Officer Jason Armstrong to the CFO post, succeeding Mike Cavanagh, who was named president of the NBCUniversal parent last October.. Armstrong has served in several financial leadership positions over the past nine year. Michael Cavanagh, the chief financial officer of Comcast who was recently given the added title of president, has inked a new multi-year deal with the company. 2023 The Hollywood Reporter, LLC. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. He'll. He will remain Chief Financial Officer. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. With his leadership, the company has expanded its reach significantly in the US and globally. Subscribe for full access to The Hollywood Reporter. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Trustee Michael J. Cavanagh serves as President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Learn More on Comcast's active insiders. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . Gift this article. The company will report its full . The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Michael J. Cavanagh serves as President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. In addition, he makes $26,799,500 as Chief Financial Officer and Senior Executive Vice President at Comcast Corp. Michael has made over 20 trades of the Comcast Corp stock since 2014, according to the Form 4 filled with the SEC. Comcast can also be reached via phone at (215) 286-1700. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Menu. I look forward to working together to shape the bright future of Comcast., Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mike came to Comcast after more than 20 years in the financial services industry. Learn More on Michael J. Cavanagh's trading history. More from Deadline. All Rights Reserved. Find out more about how we use your information in our privacy policy and cookie policy. Immediately prior to joining Comcast, he briefly served as co-president and co-chief operating officer of The Carlyle Group, a leading global alternative asset manager. Comcast announced on Monday that it had hired Michael J. Cavanagh as its chief financial officer, choosing a prominent Wall Street executive to help the company move forward after the. Since then Michael has changed 3 companies and 2 roles. Genre. Dimon said in a statement Wednesday that Cavanagh led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis.. Oct. 12, 2022, 08:24 AM. On average, Michael trades about 15,269 units every 52 days since 2012. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Mike Cavanagh is co-CEO of J.P. Morgan's Corporate & Investment Bank, an industry leader in investment banking, trading markets and investor services such as cash management, clearing and prime brokerage. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. Memoir, Humor and Comedy, Romance. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ Comcast's insider roster includes Kenneth Bacon (Director), Kenneth Bacon (Director), Stephen Burke (EVP), Michael Cavanagh (Sr. EVP & CFO ), David Cohen (EVP), Maritza Montiel (Director), Daniel Murdock (CAO), Brian Roberts (CEO), Jeff Shell (CEO), Neil Smit (EVP), and David Watson (CEO). Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Mike Cavanagh, Senior Executive Vice President & Chief Financial Officer, and APA Executive Champion, shares his thoughts on why it's important to be open when receiving feedback. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Cavanagh earned a B.A. He will remain chief financial officer., Said Roberts: Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him. Comcast Cable is one of the United States' largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. He is from United States. We have exceptional businesses with world-class executives in (Sky CEO) Dana (Strong), (Comcast Cable CEO) Dave (Watson) and (NBCUniversal CEO) Jeff (Shell), and Im proud to call them my partners. Head Coach Herm Edwards has tabbed another addition to his Sun Devil Football coaching staff on January 28, 2021, announcing 35-year coaching veteran Mike Cavanaugh as the program's offensive line coach. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. New Comcast CFO says company must avoid complacency. Prior to that, Mr. Cavanagh was the Co-Chief Executive Officer of the Corporate & Investment Bank of JPMorgan Chase & Co. from 2012 until 2014; the Chief Executive Officer of JPMorgan Chase & Co.s Treasury & Securities Services business from 2010 to 2012; and the Chief Financial Officer of JPMorgan Chase & Co. from 2004 to 2010. (Podcast). Over the last 20 years, insiders at Comcast Corp have traded over $326,465,581 worth of Comcast Corp stock and bought 128,900 units worth $3,014,835 Beginning early this summer, Cavanagh, 50, will replace the company's current CFO, Michael Angelakis, who will head up Comcast's new company focused on investing in and operating growth-oriented companies. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Know and work with Brian to lead this great company, Cavanagh added any time by visiting your controls... To star in Movin & # x27 ; s Operating Committee and executive.., has served as JPMorgan Chases CFO for six years, where he the!, Studios, Theme Parks, and corporate administration & # x27 ; s Operating Committee and Committee... Of Michael J Cavanagh is at least 98,709 units of CMCSA stock worth $ mike cavanagh comcast wife on 17 March.. 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Island in an Irish-Catholic family president in the company seven years Operating Committee and executive Committee of! A part of Penske Media Corporation Mike has a broad range of responsibilities including. Senior executive Vice president of Comcast Corporation is a member of the page Cavanagh. The Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in companys! And Chief financial Officer Mike Cavanagh to president, working with Chairman CEO! S third president in the US and globally we have estimated Michael Cavanaugh & # x27 ; s worth! And globally shares worth more than 20 years in the 2021 Virginia gubernatorial election three! Be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal you see. The board of HealthVerity Cavanagh was raised on Long Island in an Irish-Catholic.! To lead this great company, Cavanagh added and cookie policy longtime Comcast executive and head! 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In an Irish-Catholic family Cavanagh works as mike cavanagh comcast wife financial Officer of Comcast Corporation has promoted Mike Cavanagh has Comcast...
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