The nation’s largest cable provider and owner of NBCUniversal said in a filing with the Securities and Exchange Commission Friday that it had extended its employment agreement with its chairman and chief executive by a year, until the end of June 2017.
Roberts has signed one-year employment pacts with Comcast for the past several years, said John Demming, a spokesman for the company.
The pact ensures Roberts will be on hand as Comcast – armed with more operational power than many of its peers – navigates its way through an industry in extreme flux.
The company recently agreed to purchase Dreamworks Animation, and is expected to use that new heft to bolster its NBCUniversal theme-parks and movie businesses while trying to bolster its efforts in the kids-programming arena. NBCUniversal is in the midst of trying to wrap its negotiations with advertisers in the “upfront” market, and has unveiled some intriguing initiatives, including reducing the number of commercials it places alongside “Saturday Night Live. Comcast, like many other distributors of video programming via cable and satellite, continues to grapple with younger consumers who may gain access to video without a traditional subscription, though in the first quarter, Comcast said its customers to video offerings increased.