National Cable Television Assn. president James Mooney has been awarded a new multiyear contract extension by the NCTA board of directors.
The move, made during the NCTA board meeting last week in La Quinta, came despite widespread speculation that Mooney’s job might have been in jeopardy following Congress’ recent passage of atough cable reregulation law.
One industry source said the NCTA board’s decision was unanimous. “The feeling was that the problems we have had (in Congress) are cable industry problems, and not problems with Mooney,” said the source. “It was also felt that now is not the time to change leaders.”
Details of the new pact were not disclosed, and Mooney declined comment.