Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Rob Marcus Counsels Patience on FCC Approval for Comcast-TWC Merger

Rob Marcus x640

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.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

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.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News