Last week, Senator Chuck Schumer recused himself from further oversight of the Comcast-Time Warner Cable merger after we reported that his brother had played a key role in the deal. Schumer had initially called the merger “a good deal for New York.” His office later claimed that the Senator had not known that his brother …
Tag: Time Warner Cable
Schumer recuses himself from Comcast deal, claims no knowledge of brother’s role
Yesterday we reported that Senator Chuck Schumer, who called the Comcast-Time Warner Cable “a good deal” for New York, has ties to one of the key dealmakers involved – his brother, Robert Schumer, was Time Warner Cable’s lead outside attorney on the deal. Our report prompted Senator Schumer, who sits on the antitrust subcommittee, to …
Schumer reassures New York about Comcast-Time Warner Cable deal, doesn’t mention his brother was the dealmaker
Following news of the Comcast-Time Warner Cable deal, key members of Congress promised to take a close look at the merger. Some, like Senator Al Franken, sharply criticized the deal and what it would mean for consumers. Senator Amy Klobuchar, the chair of the antitrust subcommittee, announced plans for a hearing to “scrutinize the details …