×
You will be redirected back to your article in seconds

Time Warner Cable Names Marcus Next CEO, to Replace Britt in 2014

Changeover at No. 2 cable operator to take effect next January

Time Warner Cable announced that chairman and CEO Glenn Britt will retire at the end of 2013, with Rob Marcus, currently president and COO, stepping in to take over the top job.

The CEO changeover will take effect Jan. 1, 2014, the company said. Britt, 64, will remain on the operator’s board in a non-executive role.

During Britt’s tenure, the cable biz has changed dramatically — expanding from just standalone cable TV to encompass broadband, voice and commercial services, while its video customer base has steadily declined. Time Warner Cable, the second-biggest U.S. MSO, has been the target of merger overtures by Charter Communications and Liberty Media chairman John Malone, who believes operators need to achieve greater scale.

Tensions between pay TV distributors and programmers also have increased in recent years, as content costs have soared. TW Cable is currently locked in a standoff over retransmission fees with CBS, whose stations may go dark next week if the companies can’t agree on a deal.

Marcus (pictured above), 48, also was elected to TW Cable’s board of directors effective immediately. He joined the cable company in 2005 and was named CFO in 2008, working with Britt and during the cable company’s 2009 spinoff from Time Warner Inc.

Previously, Marcus held various positions at Time Warner Inc., including senior VP of mergers and acquisitions, and prior to that was an attorney with Paul, Weiss, Rifkind, Wharton & Garrison, where Time Warner Inc. was his client.

Marcus “has the vision, financial prowess, operating acumen and unrelenting drive that make him the ideal CEO,” N.J. Nicholas Jr., lead director of Time Warner Cable’s board, said in a prepared statement. “The board is also very pleased that Glenn will remain chairman and CEO through 2013 as part of our thoughtful and seamless transition process.”

Britt, who began his career at Time Inc. in 1972 and served stints at HBO, was named TWC topper in 2001. He had been reported to plan to retire this year.

“I have had the privilege of being in this industry for more than 40 years and witnessing first-hand the most momentous evolution in communications technology ever experienced — we have truly been at the forefront of changing the way the world communicates,” Britt said in a statement.

More Biz

  • Young ThugBillboard Hot 100, Day 2,

    Travis Scott Remix Drives Young Thug’s ‘Hot’ to No. 1 on Rolling Stone Top 100

    Driven by a remix featuring Travis Scott, Young Thug’s single “Hot” has roared to the top of the Rolling Stone Top 100 this week. The song racked up more than 20 million audio streams and 3,700 downloads. Also getting a big boost is buzzing artist Arizona Zervas, whose “Roxanne” soared to No. 6 after debuting at [...]

  • Kevin LilesUJA-Federation of New York's Music

    300’s Kevin Liles Joins NY:LON Summit Keynote Roster

    The Music Business Association (Music Biz) and Music Ally today announce that 300 Entertainment cofounder and CEO Kevin Liles will deliver a keynote interview at the fourth annual NY:LON Connect music business summit. The conference takes place January 16 – 17, 2020 at the Dream Downtown Hotel in New York. According to the announcement, Liles [...]

  • Warner Bros. HQ LA

    Small Brush Fire Breaks Out Above Warner Bros. Lot in Burbank

    UPDATED: A small brush fire broke out in the Hollywood Hills above the Warner Bros. studio lot in Burbank, Calif., causing the Warner Bros. lot to evacuate as a precaution, before its forward progress was stopped at around 5 p.m. Saturday. According to the LAFD, fire crews are working on putting out the “still active [...]

  • Woody Allen

    Woody Allen Settles $68 Million Suit Against Amazon

    Woody Allen has settled his breach of contract lawsuit against Amazon, which canceled a four-picture deal with the filmmaker amid the #MeToo movement. Allen’s attorneys and lawyers for Amazon filed a joint notice dismissing the case on Friday night. Terms of the settlement were not disclosed. Allen filed suit in February, alleging that Amazon had [...]

  • Scott Stuber, Ron Howard are seen

    Netflix's Scott Stuber: Film Biz Needs to 'Be Calm and Talk Through' Exhibition Disputes

    Netflix film chief Scott Stuber urged film producers and exhibitors to come together to reach a consensus on exhibition window disputes as Netflix and other streaming giants move forcefully into feature production. Stuber, Netflix’s VP of film, spoke Saturday morning at the Producers Guild of America’s Produced By NY conference in a wide-ranging Q&A with [...]

  • Donald Trump Hollywood Racism

    President Trump Bashes Report of Talks With Mark Burnett for New 'Apprentice' Series

    President Donald Trump took to Twitter on Saturday morning to blast as “fake news” a report earlier this week that he is planning to develop a TV series with “The Apprentice” creator Mark Burnett following his time in the White House. On Thursday, the Daily Beast reported that Trump has been talking to Burnett, a [...]

  • BMG Music

    BMG Announces Move to Bigger Digs in L.A., Following Nashville and NYC Relocations

    Less than two months after announcing a planned move to a bigger and better facility in Nashville, BMG has declared plans to do the same in Los Angeles, with a deal in place to develop a two-story, 30,000-square-foot facility in the Miracle Mile district. It won’t be a long move: the location for the “proposed” [...]

More From Our Brands

Access exclusive content