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Time Warner Cable CEO Rob Marcus on Thursday sent a memo to employees, saying the FCC could delay approval for a Comcast-Time Warner Cable merger, Capital New York reported.
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Marcus cited the other big telecom merger the FCC is reviewing, of AT&T and DirecTV, possibly Sprint and T-Mobile, and issues of net neutrality and wireless spectrum auctions.
“In the meantime, recent speculation about mergers and acquisitions in the content world are adding more fuel to the public debate about whether consolidation is good or bad for consumers, ” Marcus noted. “While it’s possible that all this noise could impact the review of our deal, we continue to work closely with Comcast on planning for a closing around year-end, understanding that it could take longer.”
Nevertheless, Marcus said the planning process has begun for integrating Time Warner Cable into Comcast, including dealing with subscribers.
Marcus also told employees that “it will be some time” before any staffing plans are decided.
They were probably happy to hear that.
Rob Marcus, whose annual compensation package is a little more than $8 million, was this year’s UJA Federtion of New York Steven J. Ross Humanitarian of the Year.
