Time Warner Cable's CEO Switch

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July 25 (Bloomberg) -- Time Warner Cable Inc. Chief Executive Officer Glenn Britt will retire at the end of the year, to be succeeded by Chief Operating Officer Rob Marcus. Bloomberg's Jon Erlichman reports on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

On a few levels, there is a lot of interest in timing here.

There is a lot going on with time warner cable.

We just reported they were trying to work out a deal to provide a stake in hulu.

Time warner cable trying to defend its position in a world with all sorts of new television opportunities.

And then this idea the potentially you could see time warner cable and charter come together, possibly encouraged by the media mogul john malone.

As interesting as this is, our understanding is that glenn britt has long been thinking about this.

It's about making a seamless transition.

What's the logic behind consolidation of big cable companies like this?

You just give those highlights on facebook's big stock market day.

John malone shared interesting insight at the sun valley media conference recently.

He said, facebook has more than one billion people that use it and there is tons of content on there already.

Even though in this country comcast and time warner cable are big, comparatively they don't have the same users.

He wants to see big cable allowed to do more deals, maybe save on cost and go out and spend on expensive stuff like infrastructure.

And who knows?

Lower your cable bill, perhaps.

I would not hold your breath on that one, though.

This text has been automatically generated. It may not be 100% accurate.


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