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Comcast and Time Warner pull funding for FCC regulator fundrising dinner

2014-08-15 09:26 by
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Comcast and Time Warner Cable have withdrawn their financial support for a fundraising dinner honoring one of the federal regulators who will vote on the the companies' proposed merger.

The two firms had been among the companies set to sponsor a Kaitz Foundation Fundraising Dinner event honoring commsissioner Clyburn. The foundation, which advocates for diversity within the cable television industry, was set to present a Diversity Advocate award to Clyburn, who was appointed to the FCC in 2009.

Comcast said in a letter that it will make an unrestricted $110,000 contribution to the Kaitz Foundation but is "withdrawing our financial support" for the event asking that "there be no recognition of Comcast at the dinner." It added:

"We do not want either the Commissioner or Kaitz to fall under a shadow as a result of our support for diversity in the cable industry". By the same token, we do not want to punish Kaitz or detract from its important work."

Meanwhile, Comcast executive David L. Cohen met with senior officials at the F.C.C. this week to discuss his company's proposed merger with Time Warner Cable, and the Commission's proposed Open Internet regulations.The FCC's 180-day merger review clock kicked off July 10. Those against the merger have until next week to make their case against the controversial deal, which has drawn criticism from rival satellite-TV provider Dish Network and video-streaming service Netflix among others.

Read more -here-


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