Comcast Corporation Statement on FCC Broadcast Incentive Auction Results (Press Release)

Business Wire
Comcast Corporation Statement on FCC Broadcast Incentive Auction Results
April 13, 2017 03:06 PM Eastern Daylight Time
PHILADELPHIA--(BUSINESS WIRE)--The FCC today announced the results of the Reverse and Forward auctions of its Broadcast Incentive Auction. Comcast Corporation (Nasdaq: CMCSA) participated in both auctions.

In the Reverse Incentive Auction, NBCUniversal Owned Television Stations relinquished spectrum in three of its duopoly markets – New York (NBC - WNBC), Philadelphia (Telemundo - WWSI), and Chicago (Telemundo - WSNS) – and received total proceeds of $481.6 million. In each of these markets, NBCUniversal Owned Television Stations retained the channel with the superior coverage and sold the second station in order to channel share as provided in the FCC’s rules. Once the three relinquishing stations vacate their spectrum, WNBC will channel share with WNJU, WWSI will channel share with WCAU, and WSNS will channel share with WMAQ.

In the Forward auction, Comcast invested $1.7 billion to acquire spectrum in the markets identified in the FCC’s Public Notice. Comcast cannot comment further on the Forward auction results until the FCC’s anti-collusion quiet period ends.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. NBCUniversal operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit for more information.

Jenni Moyer, 215-286-3311

SAP Promotes Proven Leaders to Strengthen the Company (Press Release)

SAP Promotes Proven Leaders to Strengthen the Company

PR Newswire PR NewswireApril 13, 2017

WALLDORF, Germany, April 13, 2017 /PRNewswire/ -- SAP SE (SAP) today announced newly expanded responsibilities of key executives. Robert Enslin and Bernd Leukert will shift and expand their portfolios as members of the Executive Board of SAP SE. The Supervisory Board of SAP SE has named Adaire Fox-Martin and Jennifer Morgan to the Executive Board. The moves underscore SAP's commitment to customers' ongoing digital transformation and its effort to foster top talent.

"I am pleased that executives such as Rob, Bernd, Adaire and Jen are stepping into bigger leadership roles to transform the way we drive innovations with our customers," said Hasso Plattner, Chairman of the Supervisory Board.

In addition, two new leadership assignments were announced for current EMEA President Franck Cohen and SAP Cloud Platform President Bjoern Goerke. Cohen will become chief commercial officer and Goerke chief technology officer.

"We have always considered it a privilege to nurture careers and leaders," said Bill McDermott, CEO and Member of the Executive Board. "SAP is a company focused on innovation, scale and growth. I'm proud of this leadership team and know they are poised to keep SAP on the rise."

The Supervisory Board has asked Enslin, head of Global Customer Operations, to be president of the new Cloud Business Group. He will oversee SAP® Ariba®, SAP Fieldglass®, Concur®, SAP SuccessFactors®, and SAP Hybris® solutions as well as the SMB Solutions Group organization. Leukert, head of Products & Innovation at SAP, will expand his portfolio to accelerate SAP's platform and digital transformation strategy. Enslin and Leukert will jointly lead key growth businesses at SAP, ensuring that development teams and customer-facing teams are in lockstep with one another from the design thinking and innovation process to customer-facing initiatives.

With Enslin's increased focus on cloud businesses at SAP, Fox-Martin and Morgan will ascend to the co-presidency of Global Customer Operations, overseeing all SAP regions and building on their success in the Asia-Pacific-Japan region and North America, respectively. Fox-Martin will oversee EMEA and Greater China. Morgan will oversee the Americas and Asia-Pacific-Japan regions. As chief commercial officer, Cohen will lead SAP's channel business as well as assume responsibility for all sales processes and go-to-market initiatives across SAP. As CTO, Goerke will advance the company's technology strategy and serve as a key external spokesperson.

All changes will be effective May 1, 2017.

Steve Singh, president of Business Networks and Applications, will leave SAP SE at the end of this month. Singh collaborated closely with Enslin, and together they transitioned Concur solutions into the SAP product family. Singh built a strong foundation for business networks at SAP and plans to focus on other entrepreneurial interests outside of SAP.

"Steve Singh's character and entrepreneurial spirit are greatly admired around the world," McDermott said. "When SAP acquired Concur Technologies, we knew Steve would play a significant role in strengthening the SAP cloud portfolio. We also knew he would eventually go back to his start-up roots. We could not be more grateful for everything Steve has done."

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