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Stock impact report

FCC chair opens investigation into Disney and ABC for DEI practices [Los Angeles Times (CA)]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
The investigation will “ensure that Disney and ABC have not been violating FCC equal employment opportunity regulations by promoting invidious forms of DEI discrimination,” Carr wrote in a letter posted on X and addressed to Disney Chief Executive Bob Iger. Though Carr noted that the company had recently softened some of its DEI efforts , including changing a performance standard titled “diversity and inclusion” that was used to calculate executive pay, he said “significant concerns remain.” “I want to ensure that Disney ends any and all discriminatory initiatives in substance, not just name,” he wrote. A Disney spokesperson said in a statement that the company was “reviewing the Federal Communications Commission's letter, and we look forward to engaging with the commission to answer its questions.” The Disney investigation comes about a month after Carr opened an inquiry into Comcast Corp.'s employee programs , stepping up the agency's efforts to “root out” diversity, equity Show less Read more
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