ALBANY, N.Y. (AP) — The New York comptroller says media and technology company Comcast has agreed to disclose its political spending annually on its website.
Comptroller Thomas DiNapoli, trustee of the $173 billion state pension fund, says the agreement follows a shareholder resolution in December calling for disclosure. The resolution has been withdrawn.
The pension fund owns almost 7.9 million shares of Comcast valued at about $384 million.
The comptroller’s office says the agreement outlines company policy to disclose money contributed to political candidates and parties, as well as payments to trade associations and political action committees that are used for political campaigns.
Comcast spokesman John Demming says the reports are part of ongoing efforts at transparency.