Time Warner Cable Downplays Comcast Merger
Time Warner Cable chief financial officer Rob Marcus downplayed the outlook for a recently suggested merger with Comcast Corp. after an FCC ownership cap was struck down.
Asked here Tuesday about his take on the attractiveness of cable consolidation, Marcus said: "The benefits of scale are pretty well known," but he added, "We are not interested in getting bigger just for the sake of getting bigger."
While he said he was "pleased" that a court struck down the 30 percent cap, he echoed other cable executives who have said it doesn't change much. "I'm not really sure it's significant."
Marcus spoke here at the annual Goldman Sachs Communacopia Conference. He said a majority of a recent slump in subscriber growth momentum is recession-driven, even though competition from satellite TV and telecom firms is also intense and having some impact. "Housing in particular is a factor," and so is unemployment, the TWC CFO said.
Once the U.S. economy improves, Time Warner Cable will see better results again, he predicted.
Time Warner Cable Downplays Comcast Merger
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Asked here Tuesday about his take on the attractiveness of cable consolidation, Marcus said: "The benefits of scale are pretty well known," but he added, "We are not interested in getting bigger just for the sake of getting bigger."
While he said he was "pleased" that a court struck down the 30 percent cap, he echoed other cable executives who have said it doesn't change much. "I'm not really sure it's significant."
Marcus spoke here at the annual Goldman Sachs Communacopia Conference. He said a majority of a recent slump in subscriber growth momentum is recession-driven, even though competition from satellite TV and telecom firms is also intense and having some impact. "Housing in particular is a factor," and so is unemployment, the TWC CFO said.
Once the U.S. economy improves, Time Warner Cable will see better results again, he predicted.
Time Warner Cable Downplays Comcast Merger
Shared via AddThis
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