Robert Marcus named president-COO of Time Warner Cable

Faced with an increasingly ugly retransmission dispute with Sinclair Broadcast Group (Nasdaq: SBGI), an eroding basic video subscriber base and the uncertainty of what cable television will look like after top MSO Comcast (Nasdaq: CMCSA) acquires NBC Universal, number two cable operator Time Warner Cable (NYSE: TWC-WI) has shaken up its top management. Chief Financial Officer Robert Marcus has added the titles of president-COO, replacing COO Landel Hobbs, who unexpectedly resigned.

Marcus' appointment was effective so immediately that he will also continue in his role as CFO. He will report to Glenn Britt, chairman and CEO, who, in a news release, called out Marcus' "intelligence, strategic insight and clear understanding of consumers." Hobbs, who Britt also hailed for his "leadership in operations and marketing" held the COO position since 2005 and was most recently visible during the company's third quarter earnings call.

Perhaps tellingly, Marcus, who joined Time Warner Cable in 2005, has been responsible for mergers and acquisitions, business affairs, programming and human resources and became CFO in 2008. In a previous life with Time Warner Inc., he held various positions including (wait for it) senior vice president of mergers and acquisitions.

For more:
- see this story

Related articles:
Better news on retransmission front? Time Warner Cable, Sinclair may be thawing
Time Warner Cable prepares to launch high-end Signature Home 'concierge service' nationally
Fox explains role in Sinclair-Time Warner Cable fight; Snapstick jumps into Google TV, Apple TV space
As Congress listens, Sinclair warns Time Warner Cable subscribers the end might be near

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Comcast is planning new data caps and video service price increases for its subscribers in 2021.

The Apple TV remote is an often reviled peripheral device. Universal Electronics has taken it upon itself to create a different option.