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Comcast extends employment contract for CEO Brian Roberts

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Cable television giant Comcast Corp. has extended by one year the employment agreement of Chief Executive Brian Roberts.

Roberts’ contract was due to expire Thursday. Instead, Roberts postponed the end date of his contract until June 30, 2012. Last year, Roberts also amended his contract for just one year, a company spokesman said.

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It’s not like Roberts needs job security.

He is chairman and CEO of the Philadelphia company and he also controls 33% of the company’s voting shares. The 51-year-old executive collected a compensation package of $31 million last year (significantly less than Viacom Chief Philippe Dauman’s $84.5-million compensation, but still enough to keep Roberts one of the 10 highest-paid media chiefs).

Comcast made note of the change in a brief filing Friday with the Securities and Exchange Commission.

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-- Meg James


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