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SBD/February 14, 2014/Media
Comcast Expects TWC Acquisition To Be Scrutinized, But Says Deal Maintains Competition
Published February 14, 2014
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BIG MAN ON CABLE: In N.Y., de la Merced & Carter in a front-page piece write the deal "further establishes the reputation" of Roberts as "a daring deal maker with expansive ambitions" (N.Y. TIMES, 2/14). Also in N.Y., David Gelles shares an account of what led to Comcast's announcement. Before Roberts boarded a plane to Sochi, he called TWC Chair & CEO Robert Marcus with a message: "The deal was on." Roberts said, "We were not intensely engaged with Time Warner Cable until the last 10 days or so." In Sochi, Roberts "juggled calls about the deal with a dinner" hosted by the IOC and attended by Russia President Vladimir Putin, as well as "meetings with the 2,700 NBC staff members on the ground." NBCUniversal CEO Steve Burke, who also worked on the deal, said that Roberts was "on the phone constantly" during the Opening Ceremony. Burke: "He got to see the opening ceremony, but I think he was on the phone 20 times a day while he was in Sochi. When we went through security checkpoints, he was cradling his phone to his ear." Roberts "returned from Sochi on Sunday, and called Marcus to check in" (N.Y. TIMES, 2/14). In L.A., Flint reports Roberts "rushed back" from Sochi as the deal was "near the finish line." Roberts and the Comcast team "huddled with Time Warner Cable" in N.Y. and "finalized a deal Wednesday night" (L.A. TIMES, 2/14).