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US: The Senate summoned the wrong Time Warner

By  |  October 30, 2016

Despite striking an $85.4 billion deal with AT&T Inc. over the weekend, Jeff Bewkes, chief executive of Time Warner Inc., unceremoniously was left out of a release from the Senate Judiciary Antitrust Subcommittee, which said the CEOs of both companies would testify at a hearing on the accord.

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    The reason? The four top Republicans and Democrats leading the Senate Judiciary Committee and its antitrust subcommittee accidentally named Time Warner Cable’s former CEO Rob Marcusinstead.

    Time Warner Inc. owns HBO, CNN and Warner Bros. Time Warner Cable, the cable and internet provider that recently sold itself to Charter Communications Inc.

    “Both Randall Stephenson, the CEO of AT&T, and Robert Marcus, the CEO of Time Warner, will testify,” the release said. The hearing announcement was sent by Sens. Chuck Grassley, Patrick Leahy, Mike Lee and Amy Klobuchar.

    Shortly after, the Committee sent a corrected news release naming Mr. Bewkes instead of Mr. Marcus. A representative for the Committee said the correct executive was invited to the hearing.

    Full Content: The Wall Street Journal

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